Last year, I was helping a friend find a property to rent.
The property was listed at 10,000 cedis for rent. It was out of his budget but he liked it. So we were trying to get the landlord to accept 9000 cedis for it.
Sadly, someone was ahead in the queue and got it. Itโs a year later. The property is back in the market.
It is listed at 1500 dollars. (Nearly 17,000 cedis).
At the time it was 10,000 cedis, the dollar was 16. Meaning the dollar equivalent would have been around 625 dollars. Today the dollar is around 11, meaning the value of the rent should have been around 6-7 thousand.
Something is broken about Ghana. I canโt put my finger on it. But itโs not working la!