Dr John Kwakye of the Institute of Economic Affairs (IEA) has observed the astronomical increase of goods in the country, especially at this Christmas
Dr John Kwakye of the Institute of Economic Affairs (IEA) has observed the astronomical increase of goods in the country, especially at this Christmas festivity.
While observing the cost of chicken is now selling at GH¢100, the IEA Director of Research rebuffed President Nana Addo Dankwa Akufo-Addo’s assertion that Ghana’s economy has turned the corner towards recovery.
“This is an Xmas to forget. Dry, dull, and boring. Millions of Ghanaians can’t afford even one decent meal as a chicken costs 100gh. Yet we are told inflation is low and the economy has turned the corner. Really? Maybe it’s turned the corner for a few but not the majority,” he wrote in an X post on social media.
President Akufo-Addo in a Christmas message said “We continue to attract investments in our economy both domestic and foreign which reinforces our position as the gateway to Africa and remain a beacon of democracy, peace and stability in Africa
“…The country is not yet completely out of the woods but there is a growing sense of confidence that with hard work and determination, Ghana will make it and collectively, we will secure our futures,” he added.