The flagbearer of the New Patriotic Party, Dr Mahamudu Bawumia has asserted that recent government measures have played a crucial role in achieving macroeconomic stability.
He highlighted a significant decrease in inflation and reduced prices of goods and services as evidence of the government’s commitment to revitalising the Ghanaian economy.
Speaking at a National Thanksgiving service in Accra on Friday, December 22, Dr. Bawumia expressed optimism about Ghana’s economic trajectory, acknowledging global challenges post-Covid-19 and emphasising the country’s resilience.
He stressed the importance of collaborative efforts to ease burdens in 2023, expressing gratitude for the progress made, attributing it to divine intervention.
“We are already aware that the post-Covid-19 era remains a difficult era in the history of the world and many countries across the globe are still recovering from the economic and social shock the pandemic created, Ghana has been no exception. As a party in power at such a difficult period in our global history, we can only thank God almighty for how far he has brought us.
“We have to work extra hard to lessen the burden that crossed 2023 with us. We started the year with an inflation rate of 56. 3 percent in January. As we speak the rate for November is 26.4 per cent. A significant drop and when you look at inflation, it has come down.”
“But what is remarkable is that prices of items that we normally buy are falling, cement prices are falling, fuel prices have fallen, cooking oil prices are falling, iron rod prices, rice prices are falling, maize prices are falling and this is telling us that something is happening because normally we see increases but we are seeing a decline in pricing.”
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