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Ghana tops most expensive countries to live in Africa

Spectr News Theme GHANA |TVAFRICAONLINE.COM |ROMEO APPIAH PEMPEM
22 February, 2017

Movehub, a company dedicated to helping people move abroad, has released a new survey in which it has calculated the world’s most expensive countries.

The website does a survey like this every year and uses a range of metrics and costs including groceries, transport, bills, restaurants and rent.

For the first time since 2009, the United Kingdom has actually fallen out of the top 20, with countries like Ireland and the United States taking over.

New York was used as the benchmark and given an index score of 100. So, for instance, if a country has an index score of 70, on average it enjoys 30% cheaper living costs compared to New York.

 Africa’s most expensive country was Ghana, which comes in joint 20th with Italy, scoring 53.89.South Africa doesn’t quite make the top 20, with its score between 40-50. Interestingly, another survey by a different company – Numbeo – ranked South Africa as the cheapest country to live in or retire last year.

Below are the 10 most expensive countries to live in in 2017

1. Bermuda


Score: 126.34

2. Switzerland

Score: 90.68

3. Hong Kong

Score 81:93

4. Iceland

Score: 80.47

5. Singapore

Score: 76.57

6. Norway

Score: 74.47

7. Bahamas

Score: 73.63

8. United Arab Emirates

Score: 68.39

9. Qatar

Score: 68.06

10. Luxembourg

Score: 64.18

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