The current Vice President, Dr. Mahamudu Bawumia has stated that recent measures taken by the Nana-led government has contributed immensely towards macroeconomic stability in the country.
Throwing more light on his assertion, the NPP flagbearer underscored the noticeable reduction in the rate of inflation, and the massive reduction in the price of goods and services, labelling them as clear indicators of government’s commitment to transforming the country’s economy.
He went on to state that based on the negative effect of the emergence of Covid-19 on the economic development of most countries including Ghana, government had to work extra hard to reduce the burden that the year 2023 placed on the country’s economy.
Highlighting some of the notable achievements attained by the ruling government, Dr. Bawumia made mention of the drastic reduction in prices of certain goods and services.
Dr. Bawumia mentioned that prices of goods that are usually purchased by the ordinary Ghanaian citizen are falling.
According to the second gentleman of the land, prices of cement are falling, fuel prices have fallen, cooking oil prices are falling, rice prices are falling, maize prices are falling and so is the price of iron rods.
In line with this disclosure, Dr. Bawumia stated that the reduction in prices of the aforementioned commodities is telling Ghanaians something is happening because normally, prices are expected to rise but this time around they are going down.