Mahama: Extreme poverty in some areas of Ghana is a result of excessive inflation and price volatility.

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

He ascribed the predicament on rising inflation and volatile prices.

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 (82.34%), Furnishings, Household Equipment, and Transportation (71.42%), followed by Personal Care, Social Protection, and Other Goods and Services (60.94%), Food, and Non-Alcoholic Beverages (59.71%), and then Housing, Water, Electricity, Gas, and Other Fuels (82.34%).

Mr Mahama blamed the Akufo-Addo for the difficulties in the economy and further said the National Democratic Congress (NDC) was a better manager of the economy than the New Patriotic Party (NPP).

“Back from a trip to the Savanna, Northern and Upper West Regions – and poverty has 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!” the 2020 presidential candidate of the National Democratic Congress (NDC) tweeted on Thursday, January 19.

 

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