Why most people are broke despite earning a salary

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• TRUTH BE TOLD 1 month ago

  YOU ARE NOT ADDRESSING THE PROBLEM FROM THE SOURCE WHICH HAS TO DO WITH THE GHANA'S DAILY WAGE.
  
  Ghana's daily wage is relatively low compared to its neighboring West African countries. As of 2026, Ghana's daily minimum wag ...
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  YOU ARE NOT ADDRESSING THE PROBLEM FROM THE SOURCE WHICH HAS TO DO WITH THE GHANA'S DAILY WAGE.
  
  Ghana's daily wage is relatively low compared to its neighboring West African countries. As of 2026, Ghana's daily minimum wage is approximately $22, which is less than half of Nigeria's $44 and only about 17% of Côte d'Ivoire's $127 ¹ ² ³.
  
  Here's a breakdown of daily wages in West African countries:
  - *Ghana*: $22 (GH¢21.77)
  - *Nigeria*: $44 (₦70,000 monthly)
  - *Côte d'Ivoire*: $127 (XOF 75,000 monthly)
  - *Senegal*: $100 (XOF 58,900 monthly)
  - *Liberia*: $80 (LRD 15,000 monthly)
  - *Benin*: $65 (XOF 40,000 monthly)
  - *Togo*: $60 (XOF 35,000 monthly)
  - *Mali*: $65 (XOF 40,000 monthly)
  - *Guinea*: $45 (GNF 440,000 monthly)
  
  The low daily wage in Ghana is attributed to factors like inflation, currency depreciation, and incremental adjustments that lag behind the cost of living. The Ghana Trades Union Congress argues that the current minimum wage is inadequate for family support ¹ ².
  
  YOU CAN ONLY BE A MAGICIAN TO SURVIVE IN GHANA

  reply
• Andrews Adika 1 month ago

  This writer is a very good economic planner. I've already learnt my mistakes from his free- consultation-fee income management lectures.
  Thanks, we need more of those

  This writer is a very good economic planner. I've already learnt my mistakes from his free- consultation-fee income management lectures.
  Thanks, we need more of those

  reply
• JB 1 month ago

  excellent and insightful piece. Thank you for this.

  excellent and insightful piece. Thank you for this.

  reply