Audio By Carbonatix
The opposition New Patriotic Party has applauded government for reducing inflation.
At 11.66 percent for April, the rate is the lowest in more than two years and represents the tenth consecutive monthly decline.
It means though prices of goods and services generally went up in April, the rate of increase was less than that of March.
Government has taken credit for the drop. According to a statement issued by the Finance Ministry, the decline is consistent with government’s strategy to get inflation below ten percent and also indicates the economy is better off.
The NPP agrees to a large extent, except for concerns that Ghanaians may be paying a higher price for reducing inflation because government may not be committing funds to grow the economy.
Kwaku Kwarteng who speaks for the party on financial matters told Joy Business the savings are being wasted.
The media liaison officer of the Finance Ministry has however dismissed the party’s concerns.
Play the attached audio for excerpts of the interviews
Source: Joy Business/Myjoyonline.com
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
-
“BP Soul Travel and Tours scored the highest marks” – Sports Minister Kofi Adams endorses agency for World Cup travel
4 minutes -
‘At the age of 12, I was teaching people and collecting money from them’ – Forty Under 40 Awards
1 hour -
I broke my virginity at the age of 26 after university – Richard Abbey Jnr.
2 hours -
Sacked for fees, saved by faith: The untold story of Forty Under 40 Awards founder Richard Abbey Jnr
3 hours -
GCB Bank surges GH¢0.45, ETI gains GH¢0.06 as GSE ends week higher
3 hours -
Two teens jailed 55 years for robbery
4 hours -
UDS demands apology for MPhil student wrongly branded as Tamale robber
4 hours -
“We don’t sell fish!” – Tema Shipyard CEO hits back over dead fish discovery
5 hours -
Sam George defends anti-LGBTQ+ Bill as ‘national priority’ amid debate over gov’t focus
6 hours -
Artemis II astronauts safely back on Earth after trip around moon
6 hours -
Sam George unveils massive 1,150-cell site rollout to end network woes
6 hours -
This Saturday on Prime Insight: Fuel levy suspension, LGBTQ+ legislation, and Damang Mine controversy
7 hours -
Struggling Real suffer title blow with Girona draw
7 hours -
Mahama nominates Pamela Graham as Auditor-General
8 hours -
The five big sticking points in US-Iran talks
8 hours