Inflation is slowing down and fuel prices are stabilized – Ahiagbah

Richard Ahiagbah, the Director of Communications for the New Patriotic Party (NPP), has expressed optimism about the state of Ghana’s economy, stating that things are gradually improving.

He highlighted that the inflation rate is slowing down and fuel prices have stabilized.

Ahiagbah pointed out that the first-quarter economic growth of 4.2% exceeded projections from the African Development Bank and the global projection for the 2023 fiscal year.

He urged Ghanaians to continue supporting the government’s efforts in economic recovery. These comments come amidst criticism from NPP flagbearer aspirant Kennedy Agyapong, who blamed the government for the poor management of the local currency. Agyapong cited the depreciation of the Cedi against major trading currencies, particularly the Dollar.

However, he did not directly name anyone responsible, although Vice President Dr. Mahamudu Bawumia, who heads the economic management team, has been associated with the issue.

Agyapong raised concerns about the depreciation’s impact on his personal finances, stating that the value of his holdings in Cedi equivalent had significantly decreased within a few months.

Source: 3News