A member of the Communications Team of the ruling National Democratic Congress (NDC) in the Upper East Region, Solomon Zinekena, has attributed Ghana’s current low inflation rate of 3.8 percent to disciplined economic management and policy reforms implemented by the government.
He made the remarks during an interview on A1 Radio, where he explained that the current economic gains stem from commitments made by the NDC to Ghanaians ahead of the 2024 general elections.
According to him, the government entered office with a clear social contract centered on fixing a struggling economy, and that commitment has guided its spending priorities and fiscal discipline. He noted that unlike previous administrations, the current government has reduced wasteful expenditure while sealing financial loopholes that previously drained public resources.
“It is because we are not spending the way they did. It is because we are blocking the loopholes,” he said.
He further pointed out that within one year of governance, the country has not recorded any major corruption scandals, a development he described as unprecedented in the Fourth Republic. This, he said, reflects leadership that places competence and accountability at the forefront of public service.
“For one clear year within the Fourth Republic, it is something remarkable that a government will go through one clear year without any corruption scandal level against it. One full year. And it is because President John Dramani Mahama put the right people in place, put the people who are ready to work for this country, and they are not square pegs in round holes. And today, we are getting the results.”
Mr. Zinekena argued that the falling inflation rate is evidence that the right officials have been placed in strategic positions, resulting in improved economic outcomes. Beyond inflation, he cited reductions in public debt, improvements in the monetary policy rate, stronger import cover, and relative stability of the cedi against major international currencies.
“We have also been able to manage the exchange rate better. It is not only doing well against the dollar. The cedi is performing well against the major trading currencies in the world.”
He further highlighted significant reductions in fuel prices and the cost of key food items such as maize and rice, explaining that these indicators collectively demonstrate that the economy is gradually stabilizing.
A1 Radio | 101.1 Mhz | Gifty Eyram Kudiabor | Bolgatanga
