A member of the New Patriotic Party (NPP)'s National Communication Team, Solomon Asante, says Ghana’s economy is regaining its strength.

According to him, the prices of foodstuff and items have stabilised, making the cost of living in the country lower when compared to the previous year (2022).

Speaking on Joy Prime’s Prime Morning, Mr. Asante explained that the strategic policies and steps taken by the government are gradually revamping and ensuring economic stability.

"During the same period last year, I was buying a gallon of diesel 23 Ghana cedis plus. The situation was so serious that it had to take the Agriculture Ministry to go and bring food stuff from the hinterland to the ministry for people to buy.

"So, if certain interventions are put in place, like for us to go through this debt structuring to make sure the economy is stabilised for the general good of all, then I think that no matter the means that are taken, at least the steps that were taken are gradually bringing us back to our pre-Covid period,” he told Roselyn Felli.

Earlier, the Ghana Federation of Labour (GFL), in a statement issued on October 30, 2023, called for a comprehensive review of nuisance taxes in Ghana, specifically excise duties on the beverage industry, ahead of the 2024 Budget Statement and Economic Policy presentation.

The review, according to the statement, would help prioritise job creation, hence the urgent need for its consideration.

But reacting to the issue on the show, Mr. Asante said he does not see the impact of the new taxes since the economy has remained the same despite their implementation.

According to him majority of Ghanaians also blame these new taxes for the current economic hardship.

He explained that even though he does not condemn the demand by Ghanaians for the scrapping of some taxes because he believes everyone is affected by the current hardship, Ghanaians must bear with the government as things are gradually being fixed for the betterment of the country.

“Some will term it a nuisance, but what did it come to do? The moment the pre-Covid era comes, then these are some of the cries I will fully support and make sure we champion it because we’ve now gotten back to our pre-Covid era,” he said.

Meanwhile, accounting and auditing firm KPMG has stated in its 2024 Pre-Budget Survey, led by Senior Partner, Anthony Sarpong, that government's interventions are beginning to show with the marginal stability of the country’s economy.