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Low inflation on paper, high cost of living: How Presidents Mahama and Trump are facing stark economic reality

By GhanaSummary Newsroom1 min read
Low inflation on paper, high cost of living: How Presidents Mahama and Trump are facing stark economic reality

Both in the US and in Ghana, under the administrations of Presidents Trump and Mahama, the story is the same - despite low inflation on paper, citizens say the cost of living keeps rising, and market women say their products are rotting on farms and in markets as people are not buying.

A new AP-NORC poll in the United States has become the latest warning sign for governments touting low inflation figures while citizens complain of high cost of living.

Author Chris-Vincent Agyapong in a July Facebook post complained about the high cost of living and doing business in Ghana, comparing printing costs of his book - 7 GHS in China versus 23 GHS in Ghana.

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