The Minister of State for Authorities Communications, Felix Kwakye Ofosu, has dismissed feedback by New Patriotic Social gathering Communications Choose Committee Chairman Nana Akomea that Ghanaians usually are not benefiting from financial stability, saying the assertion is politically motivated and divorced from present actuality.
stated in response to Akomea’s remarks in an interview. Pleasure FM high tales Kwaki Ofosu stated on Tuesday, Could 12, that opposition criticism ignores the numerous financial turnaround achieved because the present authorities took workplace.
“He says that Ghanaians don’t feed on stability. So, is Nana Akomea suggesting that Ghanaians feed on instability? I feel we have to draw the road correctly on the problem. That is the place the opposition is created to alarm the federal government and criticize its insurance policies and many others. However all of that needs to be primarily based on info and logic. There isn’t any one in Ghana who can say that right now’s economic system is worse than the one we inherited. And that is not debatable by any stretch of the creativeness,” he stated.
He stated that beneath the earlier authorities, inflation rose to 54%, the cedi fell to what he described because the worst stage in historical past, and lending charges soared to greater than 30%.
Kwaki Ofosu stated the present authorities had reversed that pattern, citing steady change charges, decrease gasoline costs and decrease transport fares as clear indicators that financial advantages had been reaching the frequent individuals.
He famous that regardless of fluctuations in world oil costs, gasoline costs peaked at GH¢20 to GH¢23 per liter beneath the earlier authorities, however are actually round GH¢15 per liter.
“If you happen to had been shopping for gasoline for 23 cedis per liter and right now you might be shopping for the identical gasoline for about 15 cedis, how are you going to say that it doesn’t translate into financial savings for the typical particular person?” he requested.
He added that whereas the downward revision of some objects remains to be delayed, the appreciation of the cedi has decreased import prices and decreased customs funds, contributing to decrease costs of some objects out there.
Kwaki Ofosu stated the 16% discount in transport fares final 12 months was additionally a direct good thing about the enhancing economic system, stressing that these financial savings go straight into the pockets of the individuals.
“It isn’t correct in any respect for the opposition to disregard all this and faux that nothing is occurring on this nation that exhibits any indicators of enchancment. It’s simply politics and has no substantive help,” he stated.
