Given that the country's inflation rate is continuing to skyrocket, Ghanaians have little choice but to pay more for goods and services.
The inflation rate is still rising despite the government's efforts to control it, and there is currently no sign of a turnaround.
From 33.9 percent in August 2022 to 37.2 percent in September 2022, the rate has increased.
On October 12, 2022, the Ghana Statistical Service (GSS) published this updated statistic.
From the 33.9 percent rate noted in August 2022, this represents a rise of 2.0 percent month over month.
The rate is, however, also 37.2% greater than in September 2021.
Between August (31.7%) and September (33.9%) 2022, year-over-year inflation increased by 2.2 percentage points.
While non-food inflation was 36.8%, food inflation was 37.8%.
While prices for imported goods increased by 40.7%, prices for locally manufactured goods increased by 35.8%.
The highest food inflation was found in the Western Region (47.0%), whereas the highest non-food inflation was found in the Eastern Region (42.0%). The Greater Accra Region (39.3%), Western Region (40.2%), and Eastern Region (41.0%) all had the highest inflation rates overall.
In the Eastern Region, transportation experienced the highest rate of inflation (68.7%), whereas, in the Western Region, fish and other seafood experienced the highest rate of inflation (64.0%).
More than 90% of the sampled items showed a price rise.