Mahama’s first year: High cost of living persists despite exchange rate stability - CDM

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The Centre for Democratic Movement (CDM) says the continued high cost of living under President Mahama highlights a disconnect between macroeconomic indicators and the lived reality of Ghanaians.

Although the cedi has remained relatively stable at about GH¢10.60 to the US dollar, CDM noted that households continue to face rising utility tariffs, volatile food prices, and high transportation costs.

According to the group, these pressures are steadily eroding disposable incomes and forcing families to make painful choices between basic needs such as electricity, healthcare, education, and food.

“Economic management cannot be declared successful when ordinary Ghanaians are forced to choose between survival essentials,” CDM said.

The movement argued that economic success must be measured by affordability and improved living standards, not by exchange rate figures alone.

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