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Group questions high living costs despite positive economic indicators

by The Sikaman Times
January 21, 2026
Group questions high living costs despite positive economic indicators
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The Coalition for Price Control Ghana (CPCG) has raised concerns over the persistently high cost of goods and services, questioning why recent signs of economic stabilization have not translated into relief for consumers.

In a press statement issued on Wednesday, January 21, 2026, and signed by the Executive President of CPCG, Seth Kwashie Azaglo-Tay, the consumer advocacy group noted that while official data points to moderating inflation, relative currency stability, and an improved macroeconomic outlook, prices across key sectors of the economy remain stubbornly high.

According to the coalition, the cost of food, transportation, rent, healthcare, education, and other essential services has either remained unchanged or continues to rise, creating a disconnect between reported economic performance and the lived experiences of ordinary Ghanaians.

“This disconnect between economic performance and consumer experience raises concerns about market fairness, weak regulation, and profiteering,” the statement said.

CPCG further expressed concern that businesses often respond swiftly to negative economic developments by raising prices but are slow or unwilling to reduce prices when conditions improve.

The coalition has therefore called on government and regulatory authorities to intensify price monitoring and enforcement to ensure fairness in the market. It also urged businesses to act responsibly and ethically, taking into account the welfare of consumers.

In addition, CPCG appealed to policymakers to initiate a nationwide conversation on price control mechanisms and stronger consumer protection frameworks.

“Economic recovery must translate into affordability and dignity for the Ghanaian consumer,” the statement emphasized.

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