Ghana has been ranked 6th in Africa among 16 African countries with the highest Cost of Living and Rent Index.
According to Numbeo, the country scored 21.0 points.
It also placed 6th in the Groceries Index with a score of 33.9.
Cameroon placed 1st on the continent with the highest Cost of Living and Rent Index (27.5).
It was followed by Nigeria (27.1) in 2nd place.
Zimbabwe (24.1) and Mauritius (24.1) placed a joint 3rd, whereas South Africa placed 5th.
For local purchasing power, South Africa placed 1st with a score of 102.8.
It was followed by Botswana in the 2nd position with a score of 64.4.
In 3rd and 4th positions were Mauritius (43.2) and Libya (42.0).
Ghana placed 12th among the 16th African countries.
A country's purchasing power is a crucial indicator of its economic health and prospects.
It denotes the stability of the economy, while a low one typically signals an economic crisis.
A high purchasing power also indicates higher consumer spending and consequently expansion in industries and businesses.
COUNTRYCOST OF LIVING PLUS RENT INDEXGROCERIES INDEXPURCHASING POWERCameroon27.534.610.5Nigeria27.037.511.1Zimbabwe24.135.526.1Mauritius24.140.743.2South Africa23.529.7102.8Ghana21.033.918.4Kenya19.831.034.2 Tags: Cameroon Cost of Living and Rent Index Ghana Groceries Index local purchasing power Numbeo Related to this story Austria opens new Embassy in Accra to deepen bilateral ties with Ghana Daniel Amartey and Besiktas officially part ways RexDanquah: We Never Learn from Our Mistakes as A People Managing Ghana's economy: A 'Reset' or an 'Upgrade' It is crucial for government to continue to implement ECF programme to ensure sustainable growth, poverty reduction - IMF The Galamsey Menace: A Nation Against Herself & Her Future Locked up funds: SEC to release GH₵400m each in October, December to affected investors 2025 AFCONQ: Stadium crisis a 'national embarrassment' - Stephen Appiah Marshallans call for end to environmental degradation IWEN-Ghana advocates Government of National Unity to replace the current system