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Popular NDC MP Finally Sends A Strong Message To Ghanaians Over Inflation And Hardships In Ghana

A popular member of Parliament on the ticket of the opposition National Democratic Congress(NDC), Hon. Ato Forson has finally sent a strong message to Ghanaians concerning the hardships this country is going through. Hon. Ato Forson reveals that inflation in the country will continue to get worse because of the bad performance of the Ghanaian cedis to the United States dollar.

It has been revealed that the inflation for Ghana as of July 2022 is 31.7%. This means that the prices of goods and services keep increasing and so there will be more hardships in the country. While reacting to the July inflation rate in the country, Hon. Ato Forson said on his Twitter page that Ghana is in difficult times. He then revealed that the Ghanaian cedi is now trading for 9.2cedis to a dollar and so inflation will keep increasing.

“ Difficult times for Ghana, inflation is now 31.7%. Unfortunately, it will get worse in the coming months because of the free fall of the Ghanaian cedis which is already trading at 9.2 Ghana cedis to $1.” Hon. Ato Forson, the ranking member on the finance committee in Parliament boldly revealed this.

Hon. Ato Forson says things will get worse because the cedi keeps depreciating to the dollar, which means importation is going to be very expensive. Ghana is also hugely dependent on imports and so we cannot stop importing. Therefore, importation will become very expensive and traders will have to make the goods they sell in the country (as a result of import) also very expensive. So it is safe to agree with Ato Forson that the more the cedi depreciates to the dollar, the higher inflation becomes.

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Ato Forson Ghana Ghanaian NDC National Democratic

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