MY HOUSEHOLD EXPENDITURE CONFIRMS HARDSHIP GHANAIANS ARE GOING THROUGH – OPPONG-NKRUMAH

July 2, 2022
3 years ago

Kojo Oppong-Nkrumah, the minister of information, has said he recognises the hardship of Ghanaians who claim to be hungry.

 

He claims he can connect to their worries because his house is also affected, particularly by price increases and the general increase in cost of living.

 

 

 

The Minister revealed how his wife had frequently bemoaned how home costs constantly fluctuating due to price instability in an interview that aired on the June 28 edition of Metro TV's Good Evening Ghana show.

 

 

 

I can relate to what you're saying, hungry Ghanaians, because everything is more expensive now. Every time, my wife complains to me about how the same amount of money that could have kept the house a month ago can no longer do so.

"Because the costs of food, transportation, and many essential commodities have increased and that increase has also contributed to an increase in general price levels. Because if general prices have increased, people will also raise the prices and charges for all the things around us," he said.

 

 

 

The Minister swiftly clarified that the price increases were not unique to Ghana and that they had been primarily brought on by the COVID-19 epidemic and, more recently, by the Russia-Ukraine war and its disruption of international supply lines.

 

 

 

He discussed local governments' poor revenue levels and the rate of global inflation. He said that even the US government has made dramatic changes to federal salary.

 

 

He said that the government had issued a March warning that three crises—a fuel, a food, and a financial crisis—were to be anticipated. According to Oppong-Nkrumah, the administration took some action in March, and an examination of these actions reveals that the results are not encouraging.

 

 

 

Ghana's economy has recently experienced a dip, and government appointees have acknowledged that difficult times are ahead for the nation.

 

 

 

Numerous economists have also cited the pace of inflation, increases in gasoline prices, and overall cost of living as supporting evidence for their argument.

 

 

 

However, the administration has laid the responsibility for the nation's problems on the Covid-19 and the conflict between Russia and Ukraine.