Jul 26, 2017 Last Updated 9:38 AM, Jul 26, 2017

Ghana crowned most expensive country in Africa

money africaABNABN - Ghana is the most expensive country in Africa according to a survey report published by MoveHub, an independent relocation website.

The report placed Ghana 21st in the overall list of most expensive countries in the world, with the assessment taking into account the average price of groceries, transport, bills, restaurants and rents.

“Ghana is one of Africa’s more prosperous nations, and this is reflected in the cost of living, which is higher than any other African nation,” the report stated.

The rankings were based on an index score of 100 given to New York, resulting in Ghana’s calculated score of 53.89.

Consequently, the cost of living in Ghana is just over half of what the average New Yorker pays to live in the American metropolis.

According to statistics from the World Bank, the West African nation’s population in 2015 stood at 27.4 million, with a GDP of US$37.5 billion, a growth of around 3.9% on the previous year.

@ABNetworkOnline

 

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