Despite the worldwide economic slump, the Convention People’s Party (CPP) has praised the administration for its good efforts toward the country’s economic recovery.
In an interview with the Ghana News Agency in Sunyani, Mr. Salifu Ali Dayinday, the Bono Regional Chairman of the CPP, commented on the country’s economic data: “It is evident that the nation’s economic indicators are picking up for the better and the administration is doing incredibly well.”
He emphasized that the sustained reduction in the dollar and cedi rates, along with the drop in the price of petroleum items, were very welcome. He regretted that “it appears that despite all these encouraging signs, it is not translating into reality,” though.
“The cost of food items, building materials and transportation still remain higher, an indication that the economic recovery processes are not translating into people’s pockets and the government needs to do more,” Mr. Dayinday stated.
He said institutional organizers ought to be more proactive to allow for the decrease of prices of fuel and the recovery of the Ghana cedi to “reflect and translate into people’s pockets to better the socio-economic live of the ordinary Ghanaian.”
“I also think that the question of the cedi-dollar coming down should see entering into 2023, maintaining it and making it even better and that would be a good sign of the government because from the initial stage life was actually very difficult for the ordinary Ghanaian”, he stated.
Mr. Dayinday also entreated Ghanaians to be more patriotic and support the government in her efforts to stabilize the economy, saying “we shouldn’t stick to the fact that I bought it at a higher cost, so unless the old stock finishes, before I reduce my cost.
“How long should we sit down unconcerned and allow somebody to continue to use old stocks to determine prevailing prices, and these are things that I think as CPP we advise the government to critically look at the translation of its policy on the ground,” the CPP chairman indicated.