Ghana is ranked 6th in Africa out of 16 countries for the highest Cost of Living and Rent Index, with a score of 21.0 points, according to Numbeo.

The country also holds 6th place in the Groceries Index, scoring 33.9 points.

Cameroon tops the continent with the highest Cost of Living and Rent Index, scoring 27.5, followed by Nigeria in 2nd place with 27.1.

Zimbabwe and Mauritius share 3rd place with a score of 24.1, while South Africa is 5th.

In terms of local purchasing power, South Africa leads with a score of 102.8, followed by Botswana in 2nd place with 64.4.

Mauritius and Libya occupy the 3rd and 4th positions with scores of 43.2 and 42.0, respectively.

Ghana ranks 12th among the 16 African countries for purchasing power.

Purchasing power is a key indicator of a country's economic health and stability. A low purchasing power often points to economic difficulties, whereas a high purchasing power suggests strong consumer spending and potential growth in industries and businesses.

COUNTRYCOST OF LIVING PLUS RENT INDEXGROCERIES INDEXPURCHASING POWERCameroon27.534.610.5Nigeria27.037.511.1Zimbabwe24.135.526.1Mauritius24.140.743.2South Africa23.529.7102.8Ghana21.033.918.4Kenya19.831.034.2