There are trends we can follow to curtail high cost of living in Ghana – Economist

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An Economist, Mr Paul Frimpong has said the time has come for stakeholders to have a conversation on how expensive Ghana is becoming.

He noted that the cost of goods and service have gone up high in the country, leading to hardships.

Speaking on the First Take on 3FM with Dzifa Bampoh on Monday May 9, he said “There are trends we could follow that will help us curtail the high cost of living in Ghana. We need to have a conversation about how expensive Ghana is becoming.”

“The cost of goods and service have gone high. As consumers we would have to choose wisely when it comes to what we want to spend on,” he added.

“We have seen the impact of the #Covid19 pandemic on food prices across the world but prior to some of these happenings we couldn’t leverage the policy guidelines we could have used.”

Meanwhile, Members of the Concerned Drivers Association of Ghana have increased transport fares by 20 per cent.

They cite the high cost of fuel in the country as the main reason for this increment.

Public Relations Officer of the Association, David Agboado said on the mid day news on TV3 Saturday May 7 that the new fares took effect on Saturday.

“We have started these new fares this morning,” he said.

He further revealed that they were called upon to start the new increment on Monday May 9 but he believes that it would not make any difference hence, the decision to start on Saturday.

By Laud Nartey|3news.com|Ghana

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