A Chinese businesswoman living in Ghana has expressed frustration over the frequent and unpredictable price hikes in the country, highlighting the challenges faced by entrepreneurs.
According to her, the cost of goods in Ghana fluctuates on a daily basis, making it extremely difficult for businesses to plan and manage operations effectively.
In stark contrast, the businesswoman shared that in China, the prices of products and services can remain stable for years, sometimes even a decade.
“In China, prices of many items remain unchanged for 10 years or more. But here in Ghana, the price of the same item can change every single day,” she said, adding that this constant price fluctuation adds immense pressure on business owners.
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Her comments shed light on a common frustration for both local and foreign business operators in Ghana, where inflation and price instability are ongoing issues.
The Chinese entrepreneur emphasized that these constant price shifts make it difficult to maintain a consistent budget, plan for growth, and offer competitive prices to customers.
Her frustrations have been echoed by some netizens who shared similar experiences.
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One commenter noted, “Truly, in China, even the bus fare has been the same for the last 12 years, no matter the distance. Ghana, hmm, things are tough.”
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The cost of doing business in Ghana is a growing concern, as both inflation and the volatility of the currency make it harder for entrepreneurs to keep up with expenses and provide stable pricing for consumers.
Many hope that the government will take steps to address these issues and create a more predictable economic environment for businesses to thrive.