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
-
David Beckles claims second J60 Accra title
8 minutes -
No France cocaine suspect linked to Mahama, Vice President’s security details – NACOC
15 minutes -
Anwelle Foundation launched in Jirapa to tackle poverty, youth unemployment
36 minutes -
Joy Sports Editor Fentuo Tahiru Fentuo to moderate inaugural Music Meets Football Summit in Zambia
41 minutes -
Court premises too volatile for Baffour Awuah’s attempted arrest by EOCO – Inusah Fuseini
48 minutes -
Drug bust: Under no circumstances will NACOC leadership be compromised – Twum-Barimah
49 minutes -
VIDEO: EOCO’s attempted arrest of Baffour Awuah was flawed beyond saving – Law Lecturer
49 minutes -
Genuine Ghanaian exporters may face heightened foreign inspections over drug busts – Lawyer
49 minutes -
Stakeholders demand action against foreign-led illegal mining in Ahafo Region
2 hours -
Ghana handed tricky draw at 2026 Amputee World Cup
3 hours -
2024 Nyankpala election violence: Youth group petitions authorities over slow probe
3 hours -
Ghana, UNICEF strengthen partnership to advance child protection
3 hours -
Day Two of 3rd Republic Bank-JoyNews Habitat Fair ends with great homeownership offers and financing solutions
3 hours -
Guinness Ghana DJ Awards 2026 Pub Fest celebrates Ghana’s DJ culture as Accra turns up the energy
3 hours -
10th woman found dead in South Africa’s string of killings
3 hours