Ghana has been ranked 12th out of 23 African countries with the highest cost of living, according to new figures from Numbeo.
The country recorded a Cost of Living Index of 30.6, including sub-index scores of 12.1 for rent and 33.3 for groceries—indicating continued financial pressure on households despite recent inflationary relief.
Numbeo’s data placed Ethiopia, Botswana, and Mozambique as the top three most expensive countries, with Ghana just outside the top 10.
Other high-ranking nations include Ivory Coast, Somalia, Cameroon, Mauritius, Zimbabwe, Rwanda, Zambia, and Tanzania.
Incase you missed this: Visa Appoints Aminata Kane as Senior Vice President for Western and Central Africa
Despite its ranking, Ghana has experienced five consecutive months of declining inflation.
According to the Ghana Statistical Service (GSS), headline inflation dropped to 18.4% in May 2025, down from 21.2% in April, driven by lower transportation costs and a slowdown in non-food inflation.
Food continues to be the primary driver of inflation, contributing 9.7 percentage points to the overall rate.
While the downward inflation trend suggests a stabilizing economic environment, many Ghanaians still face steep living costs.
Experts note that translating these macroeconomic gains into real affordability for citizens remains the key challenge.
Photo Credit: Business Inside Africa
