Few months ago, 5kg of perfume rice was bought for only $2.59. the high quality was bought at $3.46. Currently the price of rice has moved more than the price of the old price. The price is now around $8.64 and the quantity brands are bought at $12.96. This is about 70% increased of the previous price.
The same is to most of the grocery of food we purchased from market, prices of items have been trippled. When I take huge money to buy items from the market, I'm given few items. Provisions like milk, milo, coffee and other beverages can no longer be suck. I used to take my daily hot morning coffee from the coffee vendor on the road side before leaving for work, but now I can't take it anymore due to the high prices of goods.
Now the 3 squared daily meals have turned to 2 squared daily meals lol. I need to manage the food we take for a day in oder to meet our daily expenses.
Coupling with this hardship, fuel prices have been hijacked due the the hyperinflation and the high Dollar rate. Now $1 rate to Ghanaian cedis (¢) is pegged closely to 12gh¢. Dollar is becoming highly liquid volatile against the Ghanaian lately. We can't tell why this is happening. As we know, the Dollar has become Safe Haven which most Countries use for trading in the World market.
It seems our Gross Domestic Products (GDP) has declined. Actually we don't have more infrastructures locally boost in our economy. There are few refined raw materials that are exchange for foreign currency. This is obviously one factor that is affecting our economy currently.
With all these pressure on the Citizens, the workers salaries and other allowances are standstill. This doesn't tally at all. Since we used meagre money to buy expensive goods. This hardship conditions has existed for number of month now.
I'm really getting stressed up! How to cater for my kids school fees, their house keeping money, their canteen, their school uniforms, bags, stationeries and other miscellaneous items.
Seriously I'm running out of deficit of my salaries I received for every month. It's embarrassing to say this, but I need to voice out. Maybe I would get some advice on how to manage the economy. Things are getting worse everyday. I'm getting headache everyday.
The pressure from home, demanding by my wife and kids can longer meet my financial status. It's really hurting going for loan every month to supplement the cost of feeding in order to survive every month. This is really one of my worse stressed I've gone through so far. Despite the fact that I've engaged myself in other side businesses. I still feel the pressure of expenses outweighing the money in my pocket. This is due to the fact that things keep increasing in prices everyday.
This is actually the worse year I've experienced so far. As we speak today, I'm thinking about what to give to my family as supper. Oh!, Why is that the economy is broke and this broke is hitting me badly?
I wished to have escape from this economic hardship. I know very soon, things are going to suddenly change. No condition has ever remained permanently. Life has been twist and turns. But, it always teaches us a lesson that we shouldn't be content with our comfort zones, since we don't know what is really ahead of us.
I've tilled the land this year to put the grains in the ground. Shortly, my grievances would turn into joy and jubilation! The maize grains are even drying. When I started, I thought is very far for the maize to harvest.
There wouldn't be hunger,even at all if I don't get some to sell. I would keep for the rain day. The lean season is ahead. The rainfall would break soon for the harmattan to set in. Most crops would be wilting soon.