The Institute of Economic Research and Public Policy, IERPP, has commended the Mahama administration for the current level of inflation which beats expectations.
In a note signed by Prof. Isaac Boadi, the Executive Director of IERPP, the government has achieved an inflation figure set for December 2025, a feat, he noted, is commendable.
“The Government has achieved an inflation target set for December 2025 in August. Inflation has declined to 11.5%. This is very commendable” he stated.
The Dean of Accounting and Finance at UPSA however said that the inflation figure achieved was not in a vacuum. He attributed it to a lot of factors, including the solid foundation laid by the Akufo-Addo administration.
“Inflation has reduced significantly because of the strength of the Cedi, that is, prices came down, fares went down and prices of some imported commodities etc went down” he added.
He also noted that good rainfall pattern this year has contributed to food prices, example, yams and plantains, coming down.
Global prices for fuel and stability in the global market has also helped in inflation coming down, indicated.
“The PC-PEG/IMF programme of the erstwhile Akufo-Addo administration was already bringing down inflation, and that must be commended as well”
“IERPP, however, admonishes that if pragmatic measures are not adopted to grow the economy, the weakening Ghanaian currency, the Cedi, will send inflation up again, thereby eroding the gains made so far with regard to inflation” he stated in his conclusion remarks.
