Inflation translates into decreased purchasing power, lower demand for the products and services of workers in informal employment – Report

Women in Informal Employment: Globalizing and Organizing (WIEGO), a Non-Governmental Organisation has released a report on the impact of inflation on cost of living in Ghana.

According to the report, “Inflation in the country translates into decreased purchasing power and lower demand for the products and services of workers in informal employment. Further, across all occupations, workers reported increased competition, lower bargaining power, and limited options to adapt their livelihoods.

source: onuaonline