• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Top 5 African Countries With the Lowest Purchasing Power Mid-2024

1 year ago
in Business, Economy, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
124
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

RelatedPosts

First National Bank Champions Health, Unity, and National Pride With the 2025 Accra Marathon

U.S. Government Shutdown Leaves Energy Markets on Edge

Gold Miners Stage Comeback as Share Sales Surge to Record High

Top 5 African Countries With the Lowest Purchasing Power Mid-2024

When individuals have the financial resources to buy products and services, companies thrive and industries grow. This, in turn, increases GDP and helps the country’s economy expand.

The increase in consumer spending benefits local companies, provides jobs, and fosters entrepreneurship.

Furthermore, countries in Africa with great purchasing power allow for a robust domestic market that supports the growth of regional players. This lessens reliance on exports and increases the economy’s ability to withstand changes in the world economy, as well as service its own market.

In countries with higher purchasing power, individuals have greater access to basic needs such as food, healthcare, education, and housing, and as suggested, countries with a lower purchasing power do not properly enjoy some of these amenities.

Unfortunately, some African countries boast purchasing powers that do very little to address their challenges. Their low purchasing power affects the quality of life for the people in these nations as well as the industries and economic growth.

With that said, here are the 5 African countries with the lowest purchasing power according to Numbeo.

Top 5 African countries with the lowest purchasing power mid-2024

RankCountryLocal purchasing power index
1.Cameroon10.5
2.Nigeria11.0
3.Madagascar15.6
4.Uganda17.8
5.Ghana18.4
Tags: 5 African CountriesPurchasing PowerTop 5 African Countries With the Lowest Purchasing Power Mid-2024

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

No Result
View All Result

Highlights

NorvanReports at 5: The Rise of a Fearless Voice in Ghana’s Economic Storytelling

Sylvia Owusu-Ankomah Appointed CEO of The Ghana Chamber of Telecommunications & The Digital Chamber of Ghana

ICUMS Set to Complete Major Upgrade to Enhance System Performance

IMF Staff Mission Reaches Staff-Level Agreement with Côte d’Ivoire on EFF/ECF and RSF Programmes

Fuel Prices Set to Rise Marginally at the Pumps From Today

Failure to Enforce Mining Laws Driving Food Insecurity, Says EGP’s Abdul Karim Mohammed

Trending

Features

First National Bank Champions Health, Unity, and National Pride With the 2025 Accra Marathon

October 1, 2025

First National Bank Champions Health, Unity, and National Pride With the 2025 Accra Marathon The much-anticipated First National...

U.S. Government Shutdown Leaves Energy Markets on Edge

October 1, 2025

Gold Miners Stage Comeback as Share Sales Surge to Record High

October 1, 2025

NorvanReports at 5: The Rise of a Fearless Voice in Ghana’s Economic Storytelling

October 1, 2025

Sylvia Owusu-Ankomah Appointed CEO of The Ghana Chamber of Telecommunications & The Digital Chamber of Ghana

October 1, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.