Audio By Carbonatix
Accra is the 7th most expensive city to live in Africa, according to Numbeo, one of the world's foremost data and research platforms.
The capital city of Ghana had an index of 32 out of 100.
The Numbeo index utilised variables such as the rent index, grocery index, restaurant index, cost of living plus rent index, and local purchasing power.
With severe economic challenges, South Africa saw four cities ranked among the top 10 most expensive cities in Africa.
Johannesburg, Pretoria, and Cape Town were ranked 1st, 2nd and 3rd respectively.
Lagos which is the biggest city in Africa came 4th followed by Durban in South Africa (5th) and Casablanca, Morrocco (6th).
Currency fluctuations, inflation, subsidy removals on essential commodities like fuel, and increased taxes fuel the rising cost of living in many African cities.
Therefore, basic commodities like food and utilities have witnessed price hikes.
While some African cities have experienced notable economic growth, income inequality remains a persistent issue.
The gap between the rich and the poor is widening, making it difficult for a significant portion of the population to cope with the rising cost of living.
Latest Stories
-
Dafeamekpor defends Ayine’s handling of Aksa case, faults past AGs
24 minutes -
Luv FM High School Debate: Afigyaman, OKESS seal Round of 16 spots in style
26 minutes -
Dafeamekpor urges Parliament to stay out of Aksa probe, backs expert-led inquiry
27 minutes -
The rise and rise of Azigi
34 minutes -
Is Angela List being targeted? Government must reconsider the Adamus revocation
37 minutes -
Bezos-backed consortium buys a third of Liverpool
37 minutes -
Galamsey is becoming a national survival issue – Annoh-Dompreh
53 minutes -
Beyond State Funding: NSA Inaugurates Deen-led team to power Ghana’s sports reset
59 minutes -
Jason Arday death ‘tragedy on so many levels’ says PM Burnham
59 minutes -
NPP has never used nolle prosequi to shield appointees – Baffour Awuah
1 hour -
A-G owes it a duty to the State even if we don’t trust him – Dr Bomfeh on AKSA bribery probe
1 hour -
A Plus dismisses claims poor English explains his limited role in Parliament
1 hour -
Unauthorised drone flights banned at Manhyia Palace
2 hours -
Aksa bribery scandal: Ghana’s probe must be pursued with speed – Dafeamekpor
2 hours -
Samson’s Take: When religion threatens peace, sanity must prevail
3 hours