The Director of Communications of the New Patriotic Party, Mr Richard Ahiagba has said the Bank of Ghana could have applied other measures to achieve sustainability in the country’s economy rather that losing GHC15.6 billion.
He argued that the alleged loss of GHC15.6 billion by the Central Bank in reducing inflation could have been avoided.
He said this during an interview on Metro TV’s Good Morning Ghana on May 6, 2026.
Mr Ahiagba indicated that BoG took the wrong trajectory in stabilizing the economy, arguing it’s paperwork and does not reflect the value of market economy.
According to him, cost of living is still on the rise which is causing a fall in the standards of living.
“There is a mismatch. The government is seeking to build a false object in the minds of the citizens”, he said.
Mr Ahiagba has said that the acquired economic regulatory trajectory devised by BoG could be sustainable if the government had broken inflation down to production and export.
“Government have to mix the tools because reducing inflation comes at a cost”, he said, stressing that government could invest in production.
Emphasizing on the government strategically investing in production, the director of communication said the cost of exporting tomatoes from Burkina Faso could have been invested into tomato production to generate revenue.
Source: metrotvonline.com
