He said this while speaking to David Akuetteh on Luv-in-the-morning on Kumasi-based Luv FM.
“Two thousand Ghana cedis is a small amount if you look at the current economic situation. If you have to pay school fees and other bills. If you are young and have not started a family, 2000 cedis might be okay. Even if you want more.
“But if you’re a family man, you don’t have the luxury of drinking tea and bread with eggs and milk. It’s very complex. Some even add salad,” myjoyonline.com quotes Dr Nunoo.
He spoke on the topic of ‘how to live on a salary of GH¢1,000 to GH¢2000’ while giving advice.
Apart from January which is considered longer than other months due to the huge expenses during the Christmas and new year celebrations, the year 2023 is an exceptional year which is suffering from severe hardship and high cost of living from the previous year. To survive amidst all this, Dr Nunoo says frugality should be the guideline.
“You don’t have to spend because you want people to see you as a good person. You don’t have to spend just so people can see you have a certain social status. You don’t spend because others spend.
Ghanaians are struggling with the devastating effects of the economic crisis, and some have even lost their savings and investments due to the government’s domestic debt swap that was part of a debt restructuring to pave the way for a three billion dollar bailout from the International Monetary Fund. Fund (IMF).