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Ghana’s Inflation Hits 40.4% In October 2022 - Business (7) - Nairaland

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About 99.4% Of Bank Accounts Contain Less Than N500,000 - NDIC / Nigerian Consumer Inflation Edges Up To 11.4% In May – NBS / Venezuela’s Bolivar Currency Worthless As Inflation Hits 1 Million Percent (2) (3) (4)

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Re: Ghana’s Inflation Hits 40.4% In October 2022 by DarkJeddi(m): 8:53pm On Nov 10, 2022
dele1727:
grin grin grin

Intelligent people know that we are not alone...
Of course this government and the people could have done more....

But the reality is that the world is facing the bites of inflation....

You can't pump money into the economy after covid and not face it....

Plenty money chasing few goods

For the few fools quoting me just because i dont subscribe to the illusion that everywhere else is better than Nigeria....

Or that economic crisis is only affecting us.. here is something from the USA.
Misery loves company..

Re: Ghana’s Inflation Hits 40.4% In October 2022 by LiveWithIt: 8:53pm On Nov 10, 2022
ednut1:
which water that building dey produce in lagos alpha beta is located in that building if you dont know
ok
Re: Ghana’s Inflation Hits 40.4% In October 2022 by Offpointng: 8:54pm On Nov 10, 2022
Peacecore:
Ghana wey suppose be a state in Nigeria dey form sovereign state.
Na Bubu I dey blame wey no gree nuke am. Just invade like Ukraine make dem shut up.

Lmao grin grin for weytin na? Ur name is Peace boss, pls let's give peace a chance
Re: Ghana’s Inflation Hits 40.4% In October 2022 by OVB123: 8:57pm On Nov 10, 2022
Sammy07:


Mom is currently in Ghana since March.
She dey kumasi (forgotten the spelling)

Food, house rent, fuel, are very expensive at the moment x3.

Things of GHC10 now 40
And minimum wage is GHC300.

If we convert our minimum wage to GHC it should give around GHC500-600
Ok! what are the measure the government of ghana is putting in place to mitigate the suffering of the people?
Re: Ghana’s Inflation Hits 40.4% In October 2022 by oaugraduate1234: 9:02pm On Nov 10, 2022
TechW:

Lait five project Tinubu started and finished. If working hard was his criteria of chosing a leader, how come Ambode that did a lot of good work was denied his second term?
I was still in Lagos during Tinubu tenure, it was all about OPC and touts terrorizing people in Lagos

He started Eko Atlantic, Lekki Free Trade Zone and established LAWMA.

1 Like 1 Share

Re: Ghana’s Inflation Hits 40.4% In October 2022 by Uchezzy208(m): 9:03pm On Nov 10, 2022
Ghana just Dey very expensive
I recharge light of 200 cedis last two weeks and now it’s remaining 30 cedis
A liter of fuel 17 cedis which is almost 800 naira in the exchange rate
I spend up to 150k a month on my living expenses here in Ghana unlike before I spend 100k a month and I’m living alone.

5 Likes

Re: Ghana’s Inflation Hits 40.4% In October 2022 by nnewsnjobs: 9:05pm On Nov 10, 2022
LiveWithIt:
Lagos should come to the rescue ASAP..
We don't need someone who will take Nigeria to this kind of fall, we need someone like tinubu, the master planner.

Why are you people like this.

So you really believe that Tinubu with his present condition can really handle Nigeria well.

I have no doubt of Tinubu of 1999 to 2007.
But bro. right now, Tinubu is not fit to handle a country as complex as Nigeria with his current state of health and mine.

But so many people are blind by tribalism and religion.

1 Like

Re: Ghana’s Inflation Hits 40.4% In October 2022 by lilyheaven: 9:07pm On Nov 10, 2022
Let them drink today and die tomorrow.
If they save the money today and die tomorrow, who will lose?
Light78:
It's time people should stop drinking beer every weekend.

Things are gonna be hard.

Put the money to good use.
Re: Ghana’s Inflation Hits 40.4% In October 2022 by lilyheaven: 9:08pm On Nov 10, 2022
embarassedhmm
That’s much
Uchezzy208:
Ghana just Dey very expensive
I recharge light of 200 cedis last two weeks and now it’s remaining 30 cedis
A liter of fuel 17 cedis which is almost 800 naira in the exchange rate
I spend up to 150k a month on my living expenses here in Ghana unlike before I spend 100k a month and I’m living alone.
Re: Ghana’s Inflation Hits 40.4% In October 2022 by Iykoto86(m): 9:12pm On Nov 10, 2022
LeoDeKing:

That is according to ipob bureau of statistics.

useless you.

1 Like 1 Share

Re: Ghana’s Inflation Hits 40.4% In October 2022 by Uchezzy208(m): 9:15pm On Nov 10, 2022
lilyheaven:
embarassedhmm
That’s much

Bro like every day I’m on my calculator
Re: Ghana’s Inflation Hits 40.4% In October 2022 by Sammy07: 9:17pm On Nov 10, 2022
OVB123:
Ok! what are the measure the government of ghana is putting in place to mitigate the suffering of the people?

Probably looking forward to IMF for help
Re: Ghana’s Inflation Hits 40.4% In October 2022 by OfficialAPCNig: 9:21pm On Nov 10, 2022
LiveWithIt:
Lagos should come to the rescue ASAP..
We don't need someone who will take Nigeria to this kind of fall, we need someone like tinubu, the master planner.
Stupidity is comparing the former federal water corporation headquarters in Lagos with a pump station in Ojoto, a village in Anambra

Compare the pump station in Ojoto with any pump station in Igbogbo or compare the station in Ikorodu with the one in Nnewi

5 Likes

Re: Ghana’s Inflation Hits 40.4% In October 2022 by Sammy07: 9:21pm On Nov 10, 2022
alimiadedayo1:

there are some factors you need to consider about the purchasing power of currency you are using beer and food as comparison. for beer we have a lot of beer manufacturing companies in Nigeria and the agricultural products they used to produce beer is locally available that is why it is very cheap.. there Re many places in Nigeria today that you will spend up to 3000k for a complete meal before you can satisfy I am not talking about local food vendor and the price of food meal is not the same in every region in Nigeria.. in north is very cheap because they are extensively into farming in south west it is fair in the south east is not that bad then go to south south it is very bad.. so you cannot tell me our currency has a powerful purchasing power with this present economy situation compare to 2015 abi are you not in Nigeria again what we used to buy 1k is not like 5k


Purchasing power of naira is more better than Ghana in 2014 and currently

1 Like

Re: Ghana’s Inflation Hits 40.4% In October 2022 by Juleeee: 9:23pm On Nov 10, 2022
Light78:
It's time people should stop drinking beer every weekend.

Things are gonna be hard.

Put the money to good use.


Lol!
Re: Ghana’s Inflation Hits 40.4% In October 2022 by OfficialAPCNig: 9:28pm On Nov 10, 2022
oaugraduate1234:


He started Eko Atlantic, Lekki Free Trade Zone and established LAWMA.
Eko Atlantic is a PPP and LASG is only a strategic partner. Also, the project is the reason Lagos is flooding today.

Every state has its own LAWMA equivalent.

Name one project Tinubu starter, completed and commissioned

Just one.

I'll wait
Re: Ghana’s Inflation Hits 40.4% In October 2022 by nedekid: 9:30pm On Nov 10, 2022
LiveWithIt:
Lagos should come to the rescue ASAP..
We don't need someone who will take Nigeria to this kind of fall, we need someone like tinubu, the master planner.
Sorry to say, you are a real olodo. Look at the two pictures and tell the difference if you are any smart.

1 Like

Re: Ghana’s Inflation Hits 40.4% In October 2022 by chinchum(m): 9:32pm On Nov 10, 2022
alimiadedayo1:

bro don't say that people are experiencing worse here.. you dont know that it is painful to discover that our highest currency has no value at all.. can you compare the purchasing power of 1000 naira and 1000 cedis together

Ghana's monthly minimum wage is 390 cedis. It is simplistic and ignorant to compare the unit of a currency to the unit of another currency to measure prosperity of the nation.

That aside, i predict Nigerias inflation will rise significantly next year when fuel subsidy is removed, unfortunately Dangote's fuel refinery will not be ready earlier than 2024.

2 Likes

Re: Ghana’s Inflation Hits 40.4% In October 2022 by backtovillage: 9:36pm On Nov 10, 2022
mediclife1987:


You mean things they bought last year has now increased by 80%?
Yes oh. If you want to buy anything from Turkey it would b like 80% more than the last year own but some e_diots willl still blame Tinubu and think Peter obi go price am for them grin.
This same Peter Obi is a confirm Pro importer oh

3 Likes

Re: Ghana’s Inflation Hits 40.4% In October 2022 by jidxin(m): 9:38pm On Nov 10, 2022
LiveWithIt:
Lagos should come to the rescue ASAP..
We don't need someone who will take Nigeria to this kind of fall, we need someone like tinubu, the master planner.
REST
Re: Ghana’s Inflation Hits 40.4% In October 2022 by porthouse7(f): 9:39pm On Nov 10, 2022
inoki247:



Abg leave doz kids wey no know anything right now Petrol sells for 17 cedis and diesel 20cedis plus...


How derr people dey cope like this is what I don't understand if a Nigeria stays in Ghana for one week nobody go tell him before he go bak home....
that's 522 naira
Re: Ghana’s Inflation Hits 40.4% In October 2022 by masseratti: 9:39pm On Nov 10, 2022
LiveWithIt:

Your cup of coffee who cares
i care, and I care about ppl spreading lies online like you.
Re: Ghana’s Inflation Hits 40.4% In October 2022 by dele1727: 9:40pm On Nov 10, 2022
DarkJeddi:
Misery loves company..

grin grin grin grin

You will.know won't you from first hand experience
Re: Ghana’s Inflation Hits 40.4% In October 2022 by porthouse7(f): 9:40pm On Nov 10, 2022
alimiadedayo1:

bro don't say that people are experiencing worse here.. you dont know that it is painful to discover that our highest currency has no value at all.. can you compare the purchasing power of 1000 naira and 1000 cedis together
remove 2 zero from that's 1000 cedis, that's the original value of cedis
Re: Ghana’s Inflation Hits 40.4% In October 2022 by MICHEALADEX(m): 9:42pm On Nov 10, 2022
Brendaniel:
APC wants to use this information too justify their wickedness on Nigerians - you can see them all over the thread, Don't fall for it...

On a normal day are we supposed to even be comparing Nigeria and Ghana based on what we have as resources - both Human and Natural


You noise will amount to nothing at the end cos no polling unit on nairaland

Re: Ghana’s Inflation Hits 40.4% In October 2022 by alimiadedayo1: 9:43pm On Nov 10, 2022
chinchum:


Ghana's monthly minimum wage is 390 cedis. It is simplistic and ignorant to compare the unit of a currency to the unit of another currency to measure prosperity of the nation.

That aside, i predict Nigerias inflation will rise significantly next year when fuel subsidy is removed, unfortunately Dangote's fuel refinery will not be ready earlier than 2024.
am not comparing the currency to measure prosperity of the nation I am basically talking about the drastical fall of our currency
Re: Ghana’s Inflation Hits 40.4% In October 2022 by Trojan8(m): 9:48pm On Nov 10, 2022
How do you guys actually wasting your time that keeps typing purchasing power when he has zero idea what it means?

He has been given countless scenarios of how things are averaging more expensive in cedis than naira yet, can't or wouldn't want to learn. Best thing is to allow the fool wallow in ignorance.

1 Like

Re: Ghana’s Inflation Hits 40.4% In October 2022 by Starzo: 9:49pm On Nov 10, 2022
alimiadedayo1:

so it is very east to get 1000 naira in this country
One day lebukee work(bricklayer helper) in Nigeria will get u nothing less than 2000naira presently...so yes,it's very easy to get 1k if you want to work....New houses are being built everywhere across the country

1 Like

Re: Ghana’s Inflation Hits 40.4% In October 2022 by lilyheaven: 9:57pm On Nov 10, 2022
If you add family join nko?
Wahala!
Uchezzy208:


Bro like every day I’m on my calculator
Re: Ghana’s Inflation Hits 40.4% In October 2022 by mediclife1987(m): 10:00pm On Nov 10, 2022
backtovillage:

Yes oh. If you want to buy anything from Turkey it would b like 80% more than the last year own but some e_diots willl still blame Tinubu and think Peter obi go price am for them grin.
This same Peter Obi is a confirm Pro importer oh

No use laugh Kee mi abeg. cheesy
Re: Ghana’s Inflation Hits 40.4% In October 2022 by chinchum(m): 10:02pm On Nov 10, 2022
alimiadedayo1:

am not comparing the currency to measure prosperity of the nation I am basically talking about the drastical fall of our currency
I saw your equating what 1000 naira can buy with what 1000 cedis can buy . No?

Nigeria's currency will continue to fall as long as we don't combat unnecessary importation. About 30% of Nigeria's importation is refined fuel. It makes absolutely no sense to be importing refined fuel 62 years after independence. We have to cure our foreign tastes as Nigerians and focus inwards. Part of our foreign taste is our affinity as Nigerians for imported foods and goods, the surge in wanting to acquire foreign degrees, e.t.c.. YOU can not but agree with me that your foreign taste for food 20 years ago is NOT the same today.

We have to grow export and only import what is absolutely necessary and leave Naira to float on market forces.

Check out what South Koreas unit currency is worth compared to a US dollar, nevertheless it is still prospering as a nation.
Re: Ghana’s Inflation Hits 40.4% In October 2022 by vaxx: 10:02pm On Nov 10, 2022
preciousmetals:
They are not sincere, that is not the true inflation, Ghana inflation in hovering around 90% or more
how do you calculate yours

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