Majority of Ghanaians say their standard of living has improved under Mahama – Survey

A significant majority of Ghanaians – 59% of voters – believe their standard of living has improved compared to this time last year, according to a new survey conducted by Global InfoAnalytics.

This optimistic outlook contrasts sharply with a relatively small percentage reporting a worsening situation.

The poll, released by Mussa K. Dankwah, Pollster and Head of Research at Global InfoAnalytics, found that only 12% of respondents felt their standard of living had worsened over the past year.

A quarter of those surveyed (25%) reported no change, while 11% did not offer an opinion.

The survey was an online poll conducted between May 10 and May 20, 2025, involving 1,092 respondents. It utilised a probability random online sampling method with 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 witnessed a significant appreciation of its currency, the Cedi, against major international currencies.

This appreciation has been lauded as a key factor in reducing the cost of living and enhancing purchasing power, especially in an import-dependent economy. Reports indicate a reduction 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.