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Ghana’s Extreme Poverty As A Result Of Price Instability And Excessive Inflation: Mahama



According to the former president John Dramani Mahama, poverty has gotten worse across the nation, particularly in the Savanna, Northern, and Upper West Regions.

To that effect, he attributed the predicament to rising inflation and volatile prices.

In light of this, the Ghana Statistical Service (GSS) reported that the rate of inflation for December 2022 was 54.1%, up from the 40.47% figure for November of the same year.

Housing, water, electricity, gas, and other fuels were each 82.34%. Furnishings, household equipment, and transportation rose to a whopping 71.42%, followed by personal care, social protection, and other goods and services at 60.94%.

Meanwhile, Food, and non-alcoholic beverages stooped to (59.71%).

The economic challenges were attributed to Akufo-Addo, according to Mr. Mahama, who also asserted that the National Democratic Congress (NDC) managed the economy better than the New Patriotic Party (NPP).

To that effect, the National Democratic Congress’s 2020 presidential candidate tweeted on January 19th that:

“Back from a trip to the Savanna, Northern and Upper West Regions – and poverty have worsened due to extreme inflation and price volatility.

“The economy is in a near state of collapse; clearly, the NDC has been a better manager of the economy!” he added.


Stay tuned for more interesting news updates.

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