The Upper East Regional Communications Director of the New Patriotic Party (NPP), Peter Ayinbisa, has emphasized the need for both micro and macroeconomic stability under President John Dramani Mahama’s leadership.
“We are expecting so much from President Mahama. First of all, economic recovery and stability—because he spoke about it. He said we have mismanaged the economy, that we have chopped the flesh, and now only the bone is left, meaning there’s nothing in the books.”
Speaking on A1 Radio, Mr. Ayinbisa expressed high expectations for Mahama’s administration, particularly regarding economic recovery and stability. He pointed out that, during former President Akufo-Addo’s tenure, the economy saw significant improvements, including maintaining inflation in single digits for three consecutive years.
“We expect inflation to be addressed because we managed an economy where inflation remained in single digits for three years. In President Akufo-Addo’s first term, inflation was in single digits for three years,” he stated.
He acknowledged that while the COVID-19 pandemic had a global economic impact, the NPP government managed to bring inflation back down to 22 percent after the spike caused by the crisis. He expressed hope that the Mahama administration would continue reducing inflation toward single-digit levels.
Mr. Ayinbisa also stressed the importance of stabilizing the cedi against the dollar, highlighting the need for a stable exchange rate to benefit businesses across the country. He urged the government to take decisive action to strengthen the cedi and ease the financial burden on entrepreneurs.
“We want the cedi-dollar exchange rate to improve so that it will be easier for business people,” he said.
Source: A1Radioonline.Com | 101.1MHz | Gifty Eyram Kudiabor | Bolgatanga
