Audio By Carbonatix
Private legal practitioner and member of the ruling New Patriotic Party (NPP), Gabby Otchere-Darko, has acknowledged the harshness of the Ghanaian economy and its effect on the people.
According to him, 'the struggle is real'.
In a Facebook post on Friday, the NPP member bemoaned the increasing rate of inflation and the difficulty it is posing for Ghanaians.
"If this inflation does not stop galloping, soon it will be racing alone on its own because incomes are struggling to even see the back of inflation’s distant shadow, never mind the many unemployed with no income. The struggle is real …", he wrote.
Gabby's remarks come at a time when the country is experiencing fiscal difficulties and a host of other economic challenges.
Currently, the country’s inflation rate for September has hit 37.2%; the highest in the last decade. This is against the 33.9% recorded in August 2022.
According to the Ghana Statistical Service, five groups recorded inflation rates higher than the national average in September.
They were Housing, Water, Electricity, Gas and Other fuels (68.8%); Furnishings, Household Equipment and Routine Household Maintenance (51.1%); Transport (48.6%); Personal Care, Social Protection and Miscellaneous Goods and Services (42.6%) as well as Food and Non-Alcoholic Beverages (37.8%).
The implementation of the utility tariff in September 2022 also influenced the surge in inflation in Housing, Water, Electricity and other Fuels group.
This situation has therefore compelled citizens to revive their calls for government to address the situation.
Meanwhile, Finance Minister, Ken Ofori-Atta is in talks with the International Monetary Fund to agree on mutual terms in a proposed IMF bailout request by Ghana.
According to government, it is hopeful of a favourable agreement with the IMF, that will help put the country’s economy on a sound footing.
Latest Stories
-
The Ghanaian prophet and the mysterious death of his scottish wife Charmain Speirs
24 minutes -
Nearly 400 sentenced in Nigeria for links to militant Islamists
45 minutes -
Ghana’s recovery supported by gold strength despite global oil price pressures – Standard Bank Research
52 minutes -
Kwaku Azar writes: A-G vs OSP
1 hour -
Mfantsipim–Adisadel rivalry built excellence, not division – Sam Jonah
2 hours -
Vice President launches Mfantsipim’s 150 years of shaping Ghana’s greatest mind
2 hours -
I assure Otumfuo, Mahama will join him to commission KNUST Teaching Hospital by end of this year – Haruna Iddrisu
3 hours -
Barcelona dominate derby to extend La Liga lead
3 hours -
Gov’t to roll out free special education for persons with disabilities from July 1 – Education Minister
3 hours -
Importers and Exporters Association declares full support for Publican AI port system
3 hours -
“We used it to test our officiating officials’ readiness” – Bawah Fuseini after CAA Athletics event
4 hours -
Volleyball emerges as Ghana’s fastest rising sport
4 hours -
National Sports Fund needs strong leadership from the top – Administrator David Wuaku
4 hours -
JoySports Exclusive: Steve McLaren in talks with GFA after expressing interest in Black Stars job
4 hours -
Fire guts auto parts warehouse at Bubuashie, one fire officer injured
4 hours