So picture this, when you go to the store with your mom or dad to buy candy or toys, you usually look at the price tag to see how much it costs, right? Well, just like that, grown-ups also need to know how much things cost, but not just for candy and toys, they need to know the cost of living in a city. That means how much it costs to live and do things like buy food, pay rent, and go to school.
Now, a cost of living index is like a big list of how much things cost in different cities. It helps people compare prices in different places to see which one might be cheaper to live in. The Accra Cost of Living Index is a specific list that shows the cost of living in Accra, which is a city in Ghana, Africa.
So, if someone is planning to move to Accra or visit for a while, they might look at the Accra Cost of Living Index to see how much they should expect to spend on things like housing, groceries, transportation, and more. It gives them an idea of how expensive or affordable it is to live in Accra compared to other cities in the world.
That's basically it! The Accra Cost of Living Index is just a big list that helps grown-ups compare how much things cost in Accra, Ghana, and decide if it's a good place to live or visit based on their budget.