Audio By Carbonatix
An economist, Dr Isaac Acheampong, says government intervention is required to mitigate the high inflation rate in the two upper regions.
The Upper West and Upper East Regions, which are among the poorest regions in Ghana, have incidentally recording the highest inflation rate in the country.
In August, for instance, the two regions recorded 33.3% inflation rate, which was far above the national rate of 19.7%.
He told Joy Business News that the government’s intervention, which should aim at reducing the cost of living in these regions, should be monitored keenly to ensure that it benefits the people of the regions.
Dr. Acheampong, who is also a lecturer at the University of Cape Coast, mentioned two basic causes of inflation in the northern sector.
He noted that while food and other items taken from the south to the upper regions become more expensive as a result of the cost in transporting them, conflict and natural disasters have also affected production there.
“These market queens and other people who go there do not offer them the equilibrium price and so they buy their wares at a lower price, and then they also buy at a higher price, so the effect is obvious…That will exacerbate or aggravate their precarious standard of living.”
Dr. Acheampong also blamed a section of the public who take undue advantage of government’s policies to provide sustainable social protection to the underprivileged areas.
Story by Isaac Essel
Myjoyonline.com/Ghana
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
GPRTU disassociates itself from illegal transport fares
9 minutes -
Concerned Drivers demand removal of Transport Minister over worsening Accra transport crisis
18 minutes -
Only 80 of 245 Ayalolo buses are currently in operation – GAPTE acting MD
28 minutes -
GOIL PLC posts impressive share price gains on GSE in 2025
34 minutes -
US not “heaven”; Ghana must be built to keep its people home – Solomon Owusu
1 hour -
Daily Insight for CEOs: The CEO’s role in financial discipline and cash flow focus
1 hour -
WAFCON 2026: Who could Black Queens face in group stage?
1 hour -
Fidelity Bank honours agents, unveils 2026 roadmap to revolutionise agency banking
2 hours -
GES declares January 23 as National CPD Day for teachers
2 hours -
Azamati signs with Swiss sportswear brand On
2 hours -
Metro Mass cuts intercity trips to boost Accra intracity services during rush hours
2 hours -
Black Star Brokerage alleges BoG dropped its FX licence without notice
2 hours -
Alleged national security operative in court over GH¢500k car auction fraud
2 hours -
GAF engineers undertake reconstruction works in Jamaica
3 hours -
WFP’s fortified rice project improves school feeding, farmer incomes in Ashanti region
3 hours
