Africa-Press – Ghana. Mr Kojo Oppong Nkrumah, the Member of Parliament for Ofoase Ayirebi, has questioned government’s claim that inflation has dropped to 3.8 percent, insisting that the figure does not reflect realities in the market.
Mr. Oppong Nkrumah, also the Ranking Member on the Economy and Development Committee of Parliament, told the Parliamentary Press Corps in Accra, on Wednesday that, the decline in inflation was largely due to monetary sterilization – the withdrawal of about GH¢60 billion from circulation – rather than policies addressing supply-side challenges.
“The government says inflation is down, but what people see in the markets tells a different story. Traders are not passing on these supposed benefits to consumers,” he stated.
The Ofoase Ayirebi legislator explained that while official statistics suggested inflationary pressures were easing, ordinary Ghanaians continue to experience high prices for goods and services.
He said Parliament would interrogate the inflation data when the Government Statistician appears before the House to reconcile the figures with lived experiences.
Turning to governance, Mr. Oppong Nkrumah commended government for finally presenting the 24-Hour Economy programme document, noting that, it was just one of about 16 programme documents it was supposed to present to Parliament.
He said after nearly a year’s delay, 15 more policy documents remained outstanding.
“It’s commendable that they have brought one programme document, but this is just one out of about 16.
It has taken them a year, and we are still waiting for the other 15,” he noted.
He emphasised that the submission of the programme documents was crucial for effective oversight, enabling Parliament, civil society, and citizens to scrutinise government commitments, targets, and track implementation.
He pledged continued advocacy to ensure all programme documents are submitted for scrutiny.
