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Young Ghanaians express struggles to afford basic necessities due to economic hardships

A growing number of young Ghanaians are shedding light on the severe impact of the ongoing economic crisis on their incomes and daily lives.

They lament that their ability to purchase basic goods, items, and services has significantly diminished due to the prevailing economic challenges.

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In a widely circulated video posted on the CediRates platform on X, a young Ghanaian revealed the distressing reality of being unable to afford ‘Digestive’ biscuits, a once-accessible comfort food.

The individual highlighted the substantial increase in the biscuit’s price, underscoring the severity of the economic hardships faced by many.

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“I can’t buy digestive chocolate biscuits anymore, that used to be my therapy like when I have stressful day, I’m going to eat that biscuit and I will be fine,” he shared.

Several Ghanaians, echoing shared sentiments, have conveyed their struggles amid the prevailing economic challenges. One individual lamented the inability to afford the current cost of filling his car’s tank, citing a staggering increase from approximately GH¢300 to GH¢1,800.

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These firsthand accounts, shared on the X platform, have sparked a range of reactions, reflecting the widespread resonance of these experiences across the country. The overarching economic difficulties, marked by escalating inflation, heightened living costs, suboptimal revenue generation, and exchange rate volatility, have collectively contributed to the current crisis in Ghana.

In response to these challenges, Ghana has entered into its 17th agreement with the IMF, seeking a $3 billion bailout over three years. The aim is to address macroeconomic instability and implement measures for economic recovery.

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