Former President John Dramani Mahama has raised concerns over the prices of basic commodities.
In a post on his official Facebook page, the former president pounded out that the cost of medication, gari, and oil among others keeps rising.
He said if an individual who needs these commodities fail to buy them at a point, it changes in price the next time they go for the products.
The situation he lamented is affecting small businesses that are struggling to survive.
“Prices of items including everyday medication, salt, gari and cooking oil, are constantly on the rise. If you do not buy an item at a particular point in time, you are likely to find that the price has significantly increased a few hours later. Small entrepreneurs are frustrated as they break their backs to keep their businesses open against great odds. This is not just an instalment in cyclical hardships, and we should not pretend that it is.”
He had earlier posted a concern about Ghana’s inflation and the true state of the planting for food and jobs and its impact on Ghanaians.
“Ghana is on record as having the highest food inflation in the world at 122%, notwithstanding the much touted but grossly mismanaged Planting for Food and Jobs programme. We are grappling with treasury bill rates of about 30% as local investors in our financial instruments suffer huge risks associated with lending to government. We are also experiencing massive reverse capital flows as investors lose what is left of their confidence in our economy and pull out in droves.”
By: Rainbowradioonline.com/Ghana
