![BBSimons's tweet photo. 1. It has been about 40 years since an editor at the Economist magazine created the Big Mac index.
2. It basically tries to use the price of a Mcdonald's burger around the world to compare purchasing power and exchange rates among countries.
3. The idea being that a Mac is almost the same everywhere and so should have a roughly equal dollar price.
4. With many caveats, you can use that logic to determine if a currency is over/under-valued.
5. Nowadays, an iPhone is seen by some as a better product to use for such analysis.
6. Frequent readers may remember my earlier point about "totemic inflation." The idea is that for certain upper middle class people, the prices of specific status-related things may affect their sentiment about the economy more than general prices/inflation.
7. Last time, I used hotel buffets to discuss totemic inflation. However, it occurred to me a few days ago that one can use room prices of globally branded hotels in a cross-border analysis of "totemic prices."
8. So, I picked a premier hotel brand and chose comparable rooms for the same night in New York and Accra.
9. The Accra room was almost more than 40% more expensive than the New York room. As in $999 vs ~$725.
10. When I use KFC bundles on the other hand, I find that Accra is ~18% cheaper than New York.
[Note: the Accra hotel stay buys 52.8 local KFC buckets. The Manhattan stay buys 30.2. Relative to fast food, the Accra hotel stay is 75% more expensive.]
11. The theory here is that the premier room comparison is MORE SALIENT for business visitors in Ghana than KFC prices.
12. And that these kinds of visitors are in the global "decision belt," which means their sentiments matter more for things like foreign direct investment.
13. As a general point, the cost of visiting Accra has been rising significantly. But that is not the key insight here.
14. The key insight is that psychology can hook on to single, idiosyncratic, data points and sometimes these matter more than averages and general trends.
15. A business scout for a multinational company hit with $999 for a night at a Ridge hotel room isn't going to offset the feeling with $1 dollar kelewele at Labone junction even though for people like me kelewele is far more important!
[Note: NYC hotel occupancy was 84.1% in 2025. Accra’s occupancy rate hovers around ~45%. So this is not a "scarcity" story.]](https://pbs.twimg.com/media/HOOgWpRWwAAOqsA.jpg)
![BBSimons's tweet photo. 1. It has been about 40 years since an editor at the Economist magazine created the Big Mac index.
2. It basically tries to use the price of a Mcdonald's burger around the world to compare purchasing power and exchange rates among countries.
3. The idea being that a Mac is almost the same everywhere and so should have a roughly equal dollar price.
4. With many caveats, you can use that logic to determine if a currency is over/under-valued.
5. Nowadays, an iPhone is seen by some as a better product to use for such analysis.
6. Frequent readers may remember my earlier point about "totemic inflation." The idea is that for certain upper middle class people, the prices of specific status-related things may affect their sentiment about the economy more than general prices/inflation.
7. Last time, I used hotel buffets to discuss totemic inflation. However, it occurred to me a few days ago that one can use room prices of globally branded hotels in a cross-border analysis of "totemic prices."
8. So, I picked a premier hotel brand and chose comparable rooms for the same night in New York and Accra.
9. The Accra room was almost more than 40% more expensive than the New York room. As in $999 vs ~$725.
10. When I use KFC bundles on the other hand, I find that Accra is ~18% cheaper than New York.
[Note: the Accra hotel stay buys 52.8 local KFC buckets. The Manhattan stay buys 30.2. Relative to fast food, the Accra hotel stay is 75% more expensive.]
11. The theory here is that the premier room comparison is MORE SALIENT for business visitors in Ghana than KFC prices.
12. And that these kinds of visitors are in the global "decision belt," which means their sentiments matter more for things like foreign direct investment.
13. As a general point, the cost of visiting Accra has been rising significantly. But that is not the key insight here.
14. The key insight is that psychology can hook on to single, idiosyncratic, data points and sometimes these matter more than averages and general trends.
15. A business scout for a multinational company hit with $999 for a night at a Ridge hotel room isn't going to offset the feeling with $1 dollar kelewele at Labone junction even though for people like me kelewele is far more important!
[Note: NYC hotel occupancy was 84.1% in 2025. Accra’s occupancy rate hovers around ~45%. So this is not a "scarcity" story.]](https://pbs.twimg.com/media/HOOgWpDWQAANj1t.jpg)
![BBSimons's tweet photo. 1. It has been about 40 years since an editor at the Economist magazine created the Big Mac index.
2. It basically tries to use the price of a Mcdonald's burger around the world to compare purchasing power and exchange rates among countries.
3. The idea being that a Mac is almost the same everywhere and so should have a roughly equal dollar price.
4. With many caveats, you can use that logic to determine if a currency is over/under-valued.
5. Nowadays, an iPhone is seen by some as a better product to use for such analysis.
6. Frequent readers may remember my earlier point about "totemic inflation." The idea is that for certain upper middle class people, the prices of specific status-related things may affect their sentiment about the economy more than general prices/inflation.
7. Last time, I used hotel buffets to discuss totemic inflation. However, it occurred to me a few days ago that one can use room prices of globally branded hotels in a cross-border analysis of "totemic prices."
8. So, I picked a premier hotel brand and chose comparable rooms for the same night in New York and Accra.
9. The Accra room was almost more than 40% more expensive than the New York room. As in $999 vs ~$725.
10. When I use KFC bundles on the other hand, I find that Accra is ~18% cheaper than New York.
[Note: the Accra hotel stay buys 52.8 local KFC buckets. The Manhattan stay buys 30.2. Relative to fast food, the Accra hotel stay is 75% more expensive.]
11. The theory here is that the premier room comparison is MORE SALIENT for business visitors in Ghana than KFC prices.
12. And that these kinds of visitors are in the global "decision belt," which means their sentiments matter more for things like foreign direct investment.
13. As a general point, the cost of visiting Accra has been rising significantly. But that is not the key insight here.
14. The key insight is that psychology can hook on to single, idiosyncratic, data points and sometimes these matter more than averages and general trends.
15. A business scout for a multinational company hit with $999 for a night at a Ridge hotel room isn't going to offset the feeling with $1 dollar kelewele at Labone junction even though for people like me kelewele is far more important!
[Note: NYC hotel occupancy was 84.1% in 2025. Accra’s occupancy rate hovers around ~45%. So this is not a "scarcity" story.]](https://pbs.twimg.com/media/HOOgQlcWQAA7FbT.png)
Olivia
Online
widanama
@widanama2
Founder of @wonfliki
Believer of the 4 Ps:
Prayer, Planning, Persistence, and Patience
Joined February 2020
106 Following
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428 Posts
Applications for #Chevening Scholarships are now open!
If you’re a future leader who’s ready to influence positive change in areas of shared priority for Ghana and the UK, this could be the opportunity you’ve been waiting for.
With a Chevening Scholarship, you’ll gain:
🎓 A world-class education
🤝 A lifelong relationship with the UK
🌎 Access to a global network of influential leaders
Find out if you're ready to apply: https://t.co/P2M8YZs95m
Applications close on Tuesday 6 October at 11:00 (UTC).
#IAmChevening
This is deeply troubling and soooo inappropriate. I’m referring to the blurred portion of the video. 🤦🏾♂️
Disgusting behaviour🤮…in any serious country, such conduct would appropriate disciplinary action, not be dismissed as “just a joke.”
Imagine paying for your daughter to visit parliament to explore the countless opportunities that exist for her in future as a bright young woman.
Then here comes a crusty MP, limiting her future prospects to a wife, HIS WIFE
He looked at a child and saw a future of sex with her
1. It has been about 40 years since an editor at the Economist magazine created the Big Mac index.
2. It basically tries to use the price of a Mcdonald's burger around the world to compare purchasing power and exchange rates among countries.
3. The idea being that a Mac is almost the same everywhere and so should have a roughly equal dollar price.
4. With many caveats, you can use that logic to determine if a currency is over/under-valued.
5. Nowadays, an iPhone is seen by some as a better product to use for such analysis.
6. Frequent readers may remember my earlier point about "totemic inflation." The idea is that for certain upper middle class people, the prices of specific status-related things may affect their sentiment about the economy more than general prices/inflation.
7. Last time, I used hotel buffets to discuss totemic inflation. However, it occurred to me a few days ago that one can use room prices of globally branded hotels in a cross-border analysis of "totemic prices."
8. So, I picked a premier hotel brand and chose comparable rooms for the same night in New York and Accra.
9. The Accra room was almost more than 40% more expensive than the New York room. As in $999 vs ~$725.
10. When I use KFC bundles on the other hand, I find that Accra is ~18% cheaper than New York.
[Note: the Accra hotel stay buys 52.8 local KFC buckets. The Manhattan stay buys 30.2. Relative to fast food, the Accra hotel stay is 75% more expensive.]
11. The theory here is that the premier room comparison is MORE SALIENT for business visitors in Ghana than KFC prices.
12. And that these kinds of visitors are in the global "decision belt," which means their sentiments matter more for things like foreign direct investment.
13. As a general point, the cost of visiting Accra has been rising significantly. But that is not the key insight here.
14. The key insight is that psychology can hook on to single, idiosyncratic, data points and sometimes these matter more than averages and general trends.
15. A business scout for a multinational company hit with $999 for a night at a Ridge hotel room isn't going to offset the feeling with $1 dollar kelewele at Labone junction even though for people like me kelewele is far more important!
[Note: NYC hotel occupancy was 84.1% in 2025. Accra’s occupancy rate hovers around ~45%. So this is not a "scarcity" story.]
![BBSimons's tweet photo. 1. It has been about 40 years since an editor at the Economist magazine created the Big Mac index.
2. It basically tries to use the price of a Mcdonald's burger around the world to compare purchasing power and exchange rates among countries.
3. The idea being that a Mac is almost the same everywhere and so should have a roughly equal dollar price.
4. With many caveats, you can use that logic to determine if a currency is over/under-valued.
5. Nowadays, an iPhone is seen by some as a better product to use for such analysis.
6. Frequent readers may remember my earlier point about "totemic inflation." The idea is that for certain upper middle class people, the prices of specific status-related things may affect their sentiment about the economy more than general prices/inflation.
7. Last time, I used hotel buffets to discuss totemic inflation. However, it occurred to me a few days ago that one can use room prices of globally branded hotels in a cross-border analysis of "totemic prices."
8. So, I picked a premier hotel brand and chose comparable rooms for the same night in New York and Accra.
9. The Accra room was almost more than 40% more expensive than the New York room. As in $999 vs ~$725.
10. When I use KFC bundles on the other hand, I find that Accra is ~18% cheaper than New York.
[Note: the Accra hotel stay buys 52.8 local KFC buckets. The Manhattan stay buys 30.2. Relative to fast food, the Accra hotel stay is 75% more expensive.]
11. The theory here is that the premier room comparison is MORE SALIENT for business visitors in Ghana than KFC prices.
12. And that these kinds of visitors are in the global "decision belt," which means their sentiments matter more for things like foreign direct investment.
13. As a general point, the cost of visiting Accra has been rising significantly. But that is not the key insight here.
14. The key insight is that psychology can hook on to single, idiosyncratic, data points and sometimes these matter more than averages and general trends.
15. A business scout for a multinational company hit with $999 for a night at a Ridge hotel room isn't going to offset the feeling with $1 dollar kelewele at Labone junction even though for people like me kelewele is far more important!
[Note: NYC hotel occupancy was 84.1% in 2025. Accra’s occupancy rate hovers around ~45%. So this is not a "scarcity" story.]](https://pbs.twimg.com/media/HOOgWpWWIAIcmXj.jpg)
Prayers active for Ghana vs England🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥
Let’s talk about floods in Ghana! ⛈️😩
The signal that the NITA bill is sending to the very people who are building the tech ecosystem might end up damaging the very ecosystem it intends to regulate.
He literally explained the Black Coffee Theory and why it changes how you approach life.
Well, God is good!… From 1st September, you can now visualize your Land Parcels with a Satellite Imagery basemap from scanning a QRCode on your Approved plans!
Thanks to the one and only badman Bebzy!
guys please retweet and donate xx
Introducing a new way to see our planet! 🌍 🛰️ Using Google DeepMind’s new geospatial AI model, AlphaEarth Foundations, we’re making satellite data more analysis-ready, packing a year of info into each pixel. https://t.co/bxqV7bnXkG #EarthEngine #AIforGood
@asungoli Omg! Congrats!
We’re launching Mundi, the first open-source web GIS built for AI. After years of training geospatial AI models, we decided now is the moment to build the GIS software of the next decade.
After the AI Vectorizer, Georeferencer, and Kue (our LLM agent inside QGIS), we realized that GIS is at an inflection point. But existing mapping software was neither powerful enough to allow for synchronous collaboration with AI agents, nor open source to allow the community to build on top of it.
If we want to get the most out of LLMs, we need to create our own GIS that is purposefully designed for AI—Mundi. With Mundi, you collaborate with Kue, our AI GIS agent, to edit your map, rather than physically interacting with tools as you would in a legacy GIS.
@oanl__ only if it's of green hedges
@akwaysi I weaketh 🤣
@akwaysi A, I've been receiving them since '23.
When we understand the importance of green spaces, wetlands and waterways life will be better.
Also not every single surface in this Accra has to be covered in concrete
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