Ghana has been ranked 12th out of 23 African countries with the highest cost of living, according to new data released by Numbeo.
- Ghana ranks 12th among 23 African countries with high living costs, according to a Numbeo study.
- The country’s Cost of Living Index is 30.6, with rent at 12.1 and groceries at 33.3.
- Despite high living costs, Ghana notices the fifth consecutive month of declining inflation, reaching 18.4%.
Top African Countries by Cost of Living
The report ranks Ethiopia as the most expensive country in Africa (43.2), followed by Botswana (39.5) and Mozambique (38.9). Others in the top 10 include Ivory Coast, Somalia, Cameroon, Mauritius, Zimbabwe, Rwanda, Zambia, and Tanzania.
Inflation sees fifth consecutive decline
Despite Ghana’s high living costs, inflation has declined for the fifth straight month. The Ghana Statistical Service (GSS) reported that inflation fell to 18.4% in May 2025, down from 21.2% in April. The decline is largely attributed to reduced transport fares and a fall in non-food inflation.
Breakdown of inflation trends
- Food inflation dropped to 22.8% from 25.0% the previous month.
- Non-food inflation recorded a sharper fall to 14.4% from 17.9%.
- Transport inflation saw the biggest decline, plunging from 14.9% to just 3.1%.
Food remains the largest contributor to Ghana’s inflation, accounting for 9.7 percentage points of the 18.4% total headline rate.
Conclusion
While inflation trends show a positive outlook, the cost of living remains a burden for many Ghanaians, with essentials like food, housing, and transport still driving household expenses. The challenge going forward will be whether these inflation gains translate into real relief in everyday living costs.
