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
-
Joe Mettle inspires hope with new song ‘This Year’
11 minutes -
Antisemitism ‘allowed to come into the open’ says Bondi victim’s daughter
38 minutes -
What Is Wrong with Us? Why do we Reject Colonialism yet Cling to its Titles?
45 minutes -
World Bank pushes regional health strategy to close financing gaps in West and Central Africa
1 hour -
Britney Spears pleads guilty to reckless driving after arrest
1 hour -
Parentage, not paternity: Ghana’s proposed compulsory paternity testing bill sparks fears of discrimination against mothers
1 hour -
Samsung family pays off record $8bn inheritance tax bill
1 hour -
Spain seizes record amount of cocaine in Atlantic Ocean, authorities say
1 hour -
Two killed and many injured after car driven into crowd in German city of Leipzig
1 hour -
KiDi drops ‘Signature’ with Lasmid ahead of album release
1 hour -
UAE accuses Iran of renewed drone and missile attacks
1 hour -
Giuliani recovering from pneumonia and ‘now breathing on his own’
2 hours -
Blake Lively and Justin Baldoni settle lawsuit over It Ends With Us film
2 hours -
Devastating fire destroys house in Okpoi Gonno
2 hours -
Domeabrahene advocates attitudinal change as Asante Akim North partners GAYO to tackle sanitation crisis
2 hours