Tuesday, 25 October 2022

Is inflation in Ghana underpinned by unacceptable-egregious-profiteering?

I have always had a feeling that the rapid rise in the prices of goods, in Gomoa Buduburam's Camp Liberia refugee settlement area, boiled down, essentially, to unacceptable egregious price-gouging, by the many micro-businesses that flourish there.


Run by hustler-types, those micro-enterprises retail products, with the following regulatory-failings: invariably slightly-damaged; often have no sell-by dates; or are in-the-the-face counterfeited.


According to bush-bush-telegraph-sources, the majority of sellers in the market itself, or those selling along that fascinating melting-pot community's dusty road-network, are mostly trafficked nationals from across West Africa. The rest belong to a small multi-ethnic demographic of Ghanaians, attracted there by dirt-cheap rental-rates.


What all sellers in the Camp Liberia refugee settlement area, have in common, is that they are beholden to the super-ruthless criminal-syndicates: which are allegedly dominated by Nigerian Mafiosi  -  who have an iron-grip, on what is said to be the global-hub, for the sale of 'genuine' IDs, which enable worldwide travel, for mostly trafficked Nigerians, as 'refugees'.


On the day I ventured into that metaphorical web-of-deceit, to take its pulse, the sellers' excitement was palpable: I was gleefully informed by every retailer whom I interacted with, that prices were going to be increased yet again, "tomorrow": the day an imminent fuel price increase, would be taking effect.


Their cock-a-hoop egregious-example, of seller-profiteering, is clearcut impirical-evidence of unacceptable inflation-causing price-gouging, nationwide, which underpins Ghana's devastating cost-of-living crisis. Hmmm, ey3nsem piiiii, oooo, Ghanafuo.

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