• About
  • Advertise
  • Privacy Policy
  • Contact
Thursday, October 23, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Bright Simons Proffers Roadmap to Navigating Era of Rising Inflation

evansjrby evansjr
November 4, 2024
Reading Time: 4 mins read
evansjrby evansjr
in Economy, General News, Sub Top Stories1
0
Revenue Obsession of African Regulators, a Costly Obsession

Bright Simons, Honorary Vice President of IMANI Centre for Policy and Education

The Honorary Vice President of IMANI Centre for Policy and Education, Bright Simons has offered a detailed plan aimed to assist young professionals living in  Accra and across the continent to navigate the rising inflation and high cost of living.  

In his detailed analysis, the seasoned civil activist pointed out that inflation isn’t just a national number—it’s a personal reality that can differ widely based on lifestyle choices and purchasing habits. 

His remarks shed light on the often-overlooked complexities of inflation and provide a roadmap for navigating this challenging economic landscape.

RelatedPosts

ORAL Must Remain and Succeed – CDD-Ghana Fellow

Nation Building Hinges on Strategic Planning, Execution; Mahama on Course to Deliver – Dep. Presidential Spokesperson

Support Informal Sector, Worth GHȻ 7.4B in 2024Q4 – GSS

According to Bright Simons, understanding these differences could make the difference between financial comfort and hardship, especially in urban areas like Accra.

“The simple reason for this, of course, is that inflation is a ‘weighted average’ of how prices are changing for a lot of goods and services. In Ghana, nearly 50,000 products and services in over 8300 shops in 57 markets are monitored.

“Obviously, the things you buy often and where you buy them will determine your own unique inflation rate for this month and the next.”

Bright Simons, Honorary Vice President of IMANI Centre for Policy and Education

Geographical Diversity in Inflation Rates

One of the more striking points Bright Simons raised involves the geographical diversity in inflation rates, arguing that contrary to popular belief, inflation’s impact isn’t exclusive to Ghana’s cities.

According to Bright Simons, recent data suggests Accra is experiencing declining inflation, while rural areas like the Savannah, Upper West, and Bono East regions are grappling with significantly higher rates. 

ADVERTISEMENT

He pointed out that the Savannah Region, for instance, saw food inflation nearing a staggering 50% in September, a rate approximately 250% higher than the national average. 

For him, these statistics highlight the misconception that only urban centres are bearing the brunt of rising costs.

 “The poorest and most rural places in Ghana are suffering the highest inflation,” Bright  Simons noted, pointing out that these areas are often overlooked in the national conversation on inflation and cost of living.

Inflation Image
Ghanaians protesting aginst high inflation and rising high cost of living

The IMANI’s Honorary Vice President further pointed out the dynamics of inflation in everyday essentials like fish. “If you’re a fan of sea fish like mackerel or tuna, brace yourself,” he warned, noting that these items have seen a 33.8% inflation rate this year—a major increase, though not as high as last year’s 65.5%. 

“How are you going to stick to your ‘no red meat’ health improvement plan? Well, you can consider switching to tilapia, as fish like that is only seeing a 25.4% inflation rate, much closer to general inflation.

“Assuming, of course, that you don’t plan to do the East Legon-style ‘whole tilapia’ thing. Which is the whole point really, cut your cut according to your cloth”.

Bright Simons, Honorary Vice President of IMANI Centre for Policy and Education

Financial Pitfalls of Lifestyle Inflation

Bright Simons also cautioned against the financial pitfalls of lifestyle inflation—when inexpensive staples become lifestyle habits. According to him, one popular dish, “gob3” (fried plantain and beans), once celebrated for its affordability, has seen an inflation rate of 31.2%, significantly higher than general inflation. 

He observed that as prices for such foods continue to rise, young professionals may be slow to adjust, potentially spending more on what was once considered a “brokeman luxury.” 

For a growing number of Ghanaians, Bright Simons noted that “gob3” may soon transition from an affordable staple to a relative luxury, akin to the reputation of East Legon’s premium tilapia meals.

“Which brings me to the final point. It is good to choose some lifestyles on their own merit, like health-consciousness. But you should still “adjust” that lifestyle for inflation and cost of living. Getting a salad, wrap, and smoothie in a modern cafe in a place like East Legon would easily set you back a cool 200 GHS.

“Yep. Just lunch. And the only courtesy you will get is one of those nice posters updating you regularly about upcoming ‘price reviews’ (sample picture in next thread). Which, let’s be fair to facts, your favourite gob3 vendor doesn’t do. So, you pay your monies, and you make your choices”.

Bright Simons, Honorary Vice President of IMANI Centre for Policy and Education

He warned that those who rely on cafes for these trendy meals may end up paying over 200 GHS for a single lunch, with cafes constantly reviewing prices upward.

To manage costs, Bright Simons encouraged individuals to shop for fresh ingredients and prepare meals at home, which he argueed offers a more sustainable solution to maintaining a balanced diet without compromising one’s budget.

READ ALSO: Mahama Takes #Mahama4Change2024 Campaign to Oti Region

Tags: Bright SimonsEconomic hardshipsHigh cost of livingIMANI Africa Centre for Policy and Educationinflation
Please login to join discussion
Previous Post

BoG’s Policy Criticized as Ineffective for Cedi and Growth 

Next Post

Mahama Claims NPP Braces for Potential Election Defeat 

Subscription Form

Related Posts

ORAL Must Remain and Succeed – CDD-Ghana Fellow
General News

ORAL Must Remain and Succeed – CDD-Ghana Fellow

October 23, 2025
Deputy Presidential Spokesperson Shamima Muslim
General News

Nation Building Hinges on Strategic Planning, Execution; Mahama on Course to Deliver – Dep. Presidential Spokesperson

October 23, 2025
Support Informal Sector, Worth GHȻ 7.4B in 2024Q4 – GSS
Economy

Support Informal Sector, Worth GHȻ 7.4B in 2024Q4 – GSS

October 23, 2025
Ing. Kwabena Agyei Agyepong 2 edited
General News

NPP Flagbearer Hopeful Rejects Power Politics, Champions Principle and Service

October 23, 2025
Competent AGs Prosecute in Court, Minority Chides AG
General News

Competent AGs Prosecute in Court, Minority Chides AG

October 23, 2025
President Mahama handingover ORAL Committee's findings to Attorney General and Minister for Justice Dr Dominic Ayine
General News

ORAL Must Move Beyond Catch-Up to a Robust Mechanism to End Looting – Analyst

October 23, 2025
ORAL Must Remain and Succeed – CDD-Ghana Fellow
General News

ORAL Must Remain and Succeed – CDD-Ghana Fellow

by Emmanuel Tibila BoasahOctober 23, 2025
State Department Defends Decision To Revoke Chinese Student Visas
USA

Rubio Heads To Israel In Support Of Ceasefire Implementation

by Comfort AmpomaaOctober 23, 2025
11 Illegal Miners Arrested by Blue Water Guard
Extractives/Energy

11 Illegal Miners Arrested by Blue Water Guard

by Bless Banir YarayeOctober 23, 2025
Brent Crude Could Spike to $110 – Goldman Sachs 
Extractives/Energy

Oil Prices Surge Over 4% as U.S. Sanctions Russia’s Oil Giants 

by Prince AgyapongOctober 23, 2025
China Completes New 6,088-Meter-Deep Well At Bohai Oilfields
Asia

China Vows To Build Modern Industrial System

by Comfort AmpomaaOctober 23, 2025
Deputy Presidential Spokesperson Shamima Muslim
General News

Nation Building Hinges on Strategic Planning, Execution; Mahama on Course to Deliver – Dep. Presidential Spokesperson

by evansjrOctober 23, 2025
ORAL Must Remain and Succeed – CDD-Ghana Fellow
State Department Defends Decision To Revoke Chinese Student Visas
11 Illegal Miners Arrested by Blue Water Guard
Brent Crude Could Spike to $110 – Goldman Sachs 
China Completes New 6,088-Meter-Deep Well At Bohai Oilfields
Deputy Presidential Spokesperson Shamima Muslim

Recent News

ORAL Must Remain and Succeed – CDD-Ghana Fellow

ORAL Must Remain and Succeed – CDD-Ghana Fellow

October 23, 2025
State Department Defends Decision To Revoke Chinese Student Visas

Rubio Heads To Israel In Support Of Ceasefire Implementation

October 23, 2025
11 Illegal Miners Arrested by Blue Water Guard

11 Illegal Miners Arrested by Blue Water Guard

October 23, 2025
Brent Crude Could Spike to $110 – Goldman Sachs 

Oil Prices Surge Over 4% as U.S. Sanctions Russia’s Oil Giants 

October 23, 2025
China Completes New 6,088-Meter-Deep Well At Bohai Oilfields

China Vows To Build Modern Industrial System

October 23, 2025
Deputy Presidential Spokesperson Shamima Muslim

Nation Building Hinges on Strategic Planning, Execution; Mahama on Course to Deliver – Dep. Presidential Spokesperson

October 23, 2025
The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

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

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.

Discover the Details behind the story

Get an in-depth analysis of the news from our top editors

Enter your email address