A significant majority of Ghanaians—59% of voters—believe their standard of living has improved compared to the same time last year, according to a new survey conducted by Global InfoAnalytics. This optimistic viewpoint stands in stark contrast to the small percentage of respondents reporting a decline in their living standards.
The poll, released by Mussa K. Dankwah, Pollster and Head of Research at Global InfoAnalytics, found that only 12% of participants felt their standard of living had worsened over the past year. Additionally, 25% reported no change, while 11% did not provide an opinion. The survey was conducted online between May 10 and May 20, 2025, with a total of 1,092 respondents. It utilised a probability-based random online sampling method, achieving a 99% confidence level and a margin of error of ±3.82%.
These findings align with recent positive developments in Ghana’s economic landscape. Over the past year, particularly in early to mid-2025, Ghana has seen a significant appreciation of its currency, the Cedi, against major international currencies. This appreciation has been hailed as a key factor in reducing the cost of living and enhancing purchasing power, especially in an import-dependent economy. Reports indicate a decline in the prices of imported goods, electronics, pharmaceuticals, and even fuel.
Ghana’s inflation rate has also shown a consistent downward trend, dropping to 18.4% in May 2025, the lowest since February 2022. This deceleration in price increases directly benefits households by stretching their budgets further. Furthermore, the country has achieved a substantial current account surplus and increased foreign exchange reserves, buoyed by strong export performance in gold and cocoa.
The World Bank recently approved an additional $360 million for Ghana’s economic recovery efforts, further signalling international confidence in the nation’s fiscal stability and resilience-building initiatives. These macroeconomic improvements appear to be translating into a tangible sense of relief and progress for a majority of citizens, as captured by the Global InfoAnalytics survey. The poll’s results suggest that despite lingering challenges and past economic hardships, many Ghanaians are now experiencing a genuine improvement in their daily lives, offering a strong indicator of economic recovery at the household level.
Below is the detail of the survey:
Source: Myjoyonline.com
