Inflation, fuel prices are holding relatively stable; support govt’s recovery efforts – Ahiagbah

The Director of Communications for the New Patriotic Party (NPP) Richard Ahiagbah has said things are gradually getting better with the economy.

He indicated that inflation rate is slowing, and prices of fuel have also stabilized.

“4.2% first-quarter economic growth is 0.2% higher than the African Development Banks’ overall 4% projection for the 2023 & 2024 fiscal years, and 1.5% higher than the 2.7% global projection for the 2023 fiscal year.

“Inflation and fuel prices are holding relatively stable showing that economic recovery is moving in the right direction.

“We humbly appeal to Ghanaians to continue to support the government’s recovery efforts. It is getting better!” he tweeted.

His comments come at a time an aspiring flagbearer of the NPP Kennedy Agyapong fired the government for the poor management of the local currency.

He stated that in March 2022, he had $40 million in Cedi equivalent, but by August of that same year, the value had dropped to $16 million because of the depreciation of the Cedi.

Although Mr Agyapong did not mention any name, Vice President Dr Mahamudu Bawumia who is also the head of the economic management team and an aspiring flagbearer of the NPP is usually blamed for the poor performance of the Cedi against the major trading ones, especially the Dollar.

As part of his campaign tour at Kintampo East on Sunday, July 16 to be elected flagbearer, Mr Ken Agyapong who is also an Assin Central lawmaker said “We will have troubles if we don’t do a clean campaign because I will reply to every claim made against me.

“You call yourself a strategist but when we were taking over power the Dollar was 4 Cedis, today One Dollar is Twelve Cedis and yet you call yourself a strategist.

“In March 2022 I had 40 million Dollars in Cedi equivalent, in August 2022 the value of the 40 million dollars had dropped to 16 million.”