RE: A Nigerian Price-War Drama
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Here in Ghana, the cedi is currently doing very well but business owners still won’t reduce their prices.
The government has tried so much to make sure they reduce prices but it happened for just a few days and these businesses were back to inflating their prices again.
I believe it’s because there aren’t really laws that ensure prices are stable always.
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I can't really say much about the Ghanaian economy but the little I've gotten from Abenad, the price ought to be stable because unlike Nigeria, the Government has tried with electricity and civil unrest. But just out of curiosity how much is a litre of petrol? is it subsidized?
Should be around $1 or a bit higher. But that’s the subsided price now.