{"id":218073,"date":"2024-09-16T11:46:23","date_gmt":"2024-09-16T11:46:23","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/09\/16\/ghana-has-africas-sixth-highest-cost-of-living-and-rent-index\/"},"modified":"2024-09-16T11:46:23","modified_gmt":"2024-09-16T11:46:23","slug":"ghana-has-africas-sixth-highest-cost-of-living-and-rent-index","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/09\/16\/ghana-has-africas-sixth-highest-cost-of-living-and-rent-index\/","title":{"rendered":"Ghana has Africa&#8217;s sixth-highest cost-of-living and rent index"},"content":{"rendered":"<p><\/p>\n<div>\n<p class=\"article-image\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.ghanaweb.com\/imagelib\/pics\/279\/27976857.295.jpg\" alt=\"Ghana scored 21.0 points, placing it among the 16 African countries featured in the rankings\" title=\"Ghana scored 21.0 points, placing it among the 16 African countries featured in the rankings\" width=\"295\" height=\"193\" \/> <span class=\"image_caption\"><span>Ghana scored 21.0 points, placing it among the 16 African countries featured in the rankings<\/span><\/span><\/p>\n<\/div>\n<div style=\"-webkit-user-select: none; -webkit-touch-callout: none; -moz-user-select: none; -ms-user-select: none; user-select: none;\">\n<p style=\"clear:right\" id=\"article-123\">Ghana has been ranked sixth in Africa in terms of the highest Cost of Living and Rent Index, according to data from Numbeo.<\/p>\n<p>The West African nation scored 21.0 points, placing it among the 16 African countries featured in the rankings.<\/p>\n<p>Cameroon topped the list with a score of 27.5, followed by Nigeria in second place with 27.1 points.<\/p>\n<p>Zimbabwe and Mauritius shared the third position, both recording 24.1 points, while South Africa came in fifth.<\/p>\n<p>Ghana also ranked sixth in the Groceries Index with a score of 33.9.<\/p>\n<p>Regarding local purchasing power, South Africa led the continent, boasting a score of 102.8, signalling strong consumer spending and a stable economy.<\/p>\n<p>Botswana followed in second place with 64.4 points, while Mauritius (43.2) and Libya (42.0) secured third and fourth places, respectively.<\/p>\n<p>Ghana, however, ranked lower in purchasing power, placing 12th out of the 16 countries.<\/p>\n<p>Local purchasing power is a key indicator of economic health, reflecting the overall stability of a nation\u2019s economy.<\/p>\n<p>A higher purchasing power typically suggests increased consumer spending and growth in industries, whereas a lower score may indicate economic challenges.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ghana scored 21.0 points, placing it among the 16 African countries featured in the rankings Ghana has been ranked sixth in Africa in terms of the highest Cost of Living and Rent Index, according to data from Numbeo. The West African nation scored 21.0 points, placing it among the 16 African countries featured in the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":218074,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-218073","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ghana has Africa&#039;s sixth-highest cost-of-living and rent index - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/09\/16\/ghana-has-africas-sixth-highest-cost-of-living-and-rent-index\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ghana has Africa&#039;s sixth-highest cost-of-living and rent index - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Ghana scored 21.0 points, placing it among the 16 African countries featured in the rankings Ghana has been ranked sixth in Africa in terms of the highest Cost of Living and Rent Index, according to data from Numbeo. The West African nation scored 21.0 points, placing it among the 16 African countries featured in the [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ghanamma.com\/2024\/09\/16\/ghana-has-africas-sixth-highest-cost-of-living-and-rent-index\/\" \/>\n<meta property=\"og:site_name\" content=\"Ghanamma.com\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-16T11:46:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/09\/27976857.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"391\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ghana News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ghana News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/09\\\/16\\\/ghana-has-africas-sixth-highest-cost-of-living-and-rent-index\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/09\\\/16\\\/ghana-has-africas-sixth-highest-cost-of-living-and-rent-index\\\/\"},\"author\":{\"name\":\"Ghana News\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#\\\/schema\\\/person\\\/c70749f3edfbfcd92d45e933f0fe10b5\"},\"headline\":\"Ghana has Africa&#8217;s sixth-highest cost-of-living and rent index\",\"datePublished\":\"2024-09-16T11:46:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/09\\\/16\\\/ghana-has-africas-sixth-highest-cost-of-living-and-rent-index\\\/\"},\"wordCount\":196,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/09\\\/16\\\/ghana-has-africas-sixth-highest-cost-of-living-and-rent-index\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/27976857.jpg\",\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/09\\\/16\\\/ghana-has-africas-sixth-highest-cost-of-living-and-rent-index\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/09\\\/16\\\/ghana-has-africas-sixth-highest-cost-of-living-and-rent-index\\\/\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/09\\\/16\\\/ghana-has-africas-sixth-highest-cost-of-living-and-rent-index\\\/\",\"name\":\"Ghana has Africa's sixth-highest cost-of-living and rent index - 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