Accra has been ranked as the 7th most expensive city to live in Africa by Numbeo, a leading data and research platform.
The capital city of Ghana scored an index of 32 out of 100.
Numbeo’s index considered factors such as rent, groceries, dining, cost of living plus rent, and local purchasing power.
Amidst severe economic challenges, South Africa had four cities among the top 10 most expensive in Africa: Johannesburg, Pretoria, and Cape Town ranked 1st, 2nd, and 3rd respectively.
Lagos, Africa’s largest city, ranked 4th, followed by Durban in South Africa (5th) and Casablanca, Morocco (6th).
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Currency fluctuations, inflation, subsidy removals on essentials like fuel, and increased taxes have driven up the cost of living in many African cities.
As a result, prices for basic commodities like food and utilities have risen.
While some African cities have seen significant economic growth, income inequality remains a major issue.
The widening gap between the rich and the poor makes it increasingly difficult for a large portion of the population to manage the rising cost of living.
