Ghana Ranked 6th African Country With Highest Cost Of Living And Rent Index

Ghana has been positioned sixth in Africa among 16 African nations with the highest Cost of Living and Rent Index.

As per Numbeo, Ghana scored 21.0 points.

It also ranked sixth in some groceries index with a score of 33.9.

Cameroon came first on the continent with the highest Cost of Living and Rent Index (27.5).

It was followed by Nigeria (27.1) in second spot.

Zimbabwe (24.1) and Mauritius (24.1) set a joint third, while South Africa placed fifth.

For local purchasing power, South Africa put first with a score of 102.8.

Botswana was in the second position with a score of 64.4.

In third and fourth positions were Mauritius (43.2) and Libya (42.0).

Ghana was ranked twelfth among the sixteen African countries.

Every country’s purchasing power is a pivotal sign of its economic health and possibilities.

A high number typically indicates an economic crisis, whereas a low one indicates economic stability.

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A high purchasing power also demonstrates higher purchaser spending and therefore expansion in industries and organizations.

The following are some of the countries in the list:

Nigeria, Cameroon, Zimbabwe, Mauritius, South Africa, Ghana, and Kenya