The Dollar has maintained it’s level against the Cedi in the past 6 days, fuel prices have not been spared and that has resulted in increase in prices of goods and services. A crate of eggs has shot up from Ghc32 to Ghc45 in 3 weeks and the development has been blamed on cost of poultry feed.

There are several ways to bring down the dollar in order to bring down the cost of living and cost of other services.

1. Lower the taste for Imported Chicken,Sausages, Drinks imported rice etc. There are several imported drinks including canned drinks and meat you need to stop buying in order to strengthen the Cedi, processed poultry, sausage, gizzards, Canned foreign drinks are things we should reduce interest inn to be able to get the Cedi back to power. If you need affordable poultry, go to poultry farms in the town, there are several ones there at affordable prices, you can also buy the local breeds.

2. Avoid buying substandard gadgets: you can’t get an earpin or charger for Ghc5, buy quality and it will last, go to shops where you can go back to address concerns, we lose over Ghc20,000 daily to substandard gadgets that do not last for up to a month, when that happens, we have to spend more money buying again, all these monies are converted to dollars, cfa and taken out of the country. Sadly, we don’t produce much goods or service for international market.

3. Substandard Spare parts for Bikes and cars: buying them may be a way to manage but the fact is that a substandard Spare parts will take a limited time to give problems, this means one needs more money to get more parts, those parts are imported. Imagine buying a sheet to paper for Ghc2 in the name of engine ceilings etc. Mechanics used to design them with sheets of paper but today they choose to buy it because some bike owners do not appreciate their works.

4. Reduce the Use of fuel and conserve energy, fuel has taken significant amount of our money out of the country lately, the more we buy fuel the more the Cedi depreciates, the less we buy the more it appreciates, don’t create loopholes for fuel and electricity to leave. Government spends not less the $400 million to import fuel in a month.

5. Reduce Rent as landlords: this triggers the depreciation of the Cedi, due to the hikes in rent, some people have resorted to building, this means they have to spend more to import indirectly, such people have to buy iron rods, cement, tiles etc, such things are imported, this is due to the fear of paying to much for rent and it also means once you Charge more and the Cedi depreciates, your more(high rent) will be equated to nothing much.

Source: Upperwestmedia.net