Cedi Depreciation: Why Aren't Prices Falling in Ghana?

The Ghanaian cedi has recently experienced depreciation against the US dollar. However, the expected decrease in prices of goods and services hasn't materialized, causing widespread frustration among citizens. One TikTok user, Abena Boampongmaa, highlights this issue, stating, "The depreciation of the dollar is not having any positive effect on us as Ghanaians. Prices of goods and services are still the same." She cites her experience with unchanged tro-tro fares as a prime example. This situation raises concerns about the effectiveness of economic policies and the impact on the daily lives of ordinary Ghanaians. Experts are now calling for an investigation into the matter, aiming to ensure that the benefits of currency fluctuations reach consumers.