FULL STATEMENT: Sammy Gyamfi Speaks @ NDC PRESS CONFERENCE
Friends from the media, it is trite knowledge,even to the uninitiated, that the main factors pushing up inflation and to a large extent, the economic hardships we are experiencing today, are the exchange rate, fuel prices, payments, among others- Sammy Gyamfi #NDCPressConference
Distinguished friends from the media, at this juncture, it bears painting a picture of the current state of our economy in order to put the issues into their proper perspective. – Sammy Gyamfi #NDCPressConference
Government has neither demonstrated any sensitivity towards the Ghanaian people who are at the receiving end of this intolerable hardship, nor shown any acumen or ability to ameliorate the untold economic hardships.-Sammy Gyamfi #NDCPressConference
Sadly, however, the Finance Minister, Ken Ofori-Atta only last week presented the 2022 Mid-year budget Review Statement to the august House of Parliament in which he projected an end of year inflation rate of 28.5%.- Sammy Gyamfi #NDCPressConference
To be projecting an end of year inflation rate of 28.5% under the current rebased economic regime underlines the crass incompetence, cluelessness and uselessness of the Economic Management Team chaired by the Vice President, Alhaji Bawumia- Sammy Gyamfi #NDCPressConference
Friends from the media, it is trite knowledge, even to the uninitiated, that the main factors pushing up inflation and to a large extent, the economic hardships we are experiencing today,are the exchange rate, fuel prices, payments, among others.- Sammy Gyamfi #NDCPressConference
Today, the Consumer Price Index which is the barometer for measuring inflation or changes in the prices of goods and services, and all other known economic indicators point to the fact that we are not in normal times.- Sammy Gyamfi #NDCPressConference
The point has to be made here ladies and gentlemen,that general hardships per se are not a new phenomenon in our country. However,the current economic hardships Ghanaians are experiencing today are unprecedented in their scale, and unbearable in their impact.#NDCPressConference
However, the current economic hardships Ghanaians are experiencing today are unprecedented in their scale, and unbearable in their impact.- Sammy Gyamfi #NDCPressConference
As we speak, inflation rate which stood at 15.4% in December 2016, has galloped to a whopping 30% as at June 2022. – Sammy Gyamfi #NDCPressConference
Even common Kalypo, which candidate Akufo-Addo drunk for fame in 2016 at a cool price of GHS0.50 is today being sold for a whopping GHS2.50. How can parents afford to keep their kids happy when kalypo is now being sold at such a prohibitive price?-Sammy Gyamfi #NDCPressConference
This inflation rate is the worst in the sub-region and in fact the worst inflation rate Ghana has recorded in the last nineteen (19) years.- Sammy Gyamfi #NDCPressConference
One would have thought that this mid-year period would have at least presented Government with an opportunity to take steps towards arresting the ever-rising inflation rate we are currently experiencing. – Sammy Gyamfi #NDCPressConference
By : COLLINS BOAKYE-Tainnews
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