I completely agree and realize that the present economic insecurity has impacted many activities all across the globe. This has resulted in a significant disparity in commodity prices. With that stated, I feel the daily rise in costs of things in Ghana is more than projected. It seems like the costs of goods are rising on a daily basis. And government officials want to blame it on the world's continued economic difficulties.
However, now is the greatest moment to experience the finest policies that will make individuals feel much better. Despite the world's economic insecurity, the government might implement a variety of programs and policies to assist alleviate misery and inflation. Prices of commodities have risen dramatically after the start of the second hive borehole project in Ghana. This has also had an impact on the funds set aside for the borehole's development.
photos by @mcsamm
To avoid the future daily hikes, we (@mcsamm & @collinz) reached an agreement with all of the project's suppliers and technical personnel to assist us in purchasing all of the necessary supplies, which would be severely impacted if prices rise again. This occurred yesterday, when the project's second phase began.
Cement, iron rods, wood, nails, pipes, tiles, and other needs were purchased to prevent price increases affecting our budget for the project.
Perhaps this should have been done earlier to avoid the ongoing rise in gasoline costs, which impacts the pricing of goods. Purchasing all of these building goods will assist guarantee that the majority of the work is completed in the shortest amount of time feasible without being influenced by price increases. Because Agona Bedomase lies farther away than the Ashanti region's main city (Kumasi), each travel to the work place incurs significant transportation expenditures.
We are very delighted to be able to acquire the majority of the supplies that will be desperately required. This, I believe, will not have a significant and massive impact on the pricing of the things to be bought for construction, even as some of them have already been impacted. We are mainly concerned about the project's success. Let us put out our best efforts, methods, and strategies to provide a better life for the people of Agona Bedomase and everyone. Thank you very much.
Project : Construction of borehole system
Location : Agona Bedomase (Ghana, West Africa)
Sponsor : @valueplan
Project manager : @mcsamm & @collinz
Changing lives with hive.
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So this price increase in commodities is everywhere??.. I'm from uganda and the prices of almost everything has skyrocketed..We were all blaming government for poor planning but it seems it's a global problem especially due to increased fuel prices..
Good plan for controlling costs - well done !
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Thanks