Business News of Monday, 27 July 2026

Source: www.ghanaweb.com

GH¢10 tomato price casts doubt on 5% inflation claim – Gideon Boako

Dr Gideon Boako is the Deputy Ranking Member on Parliament's Finance Committee Dr Gideon Boako is the Deputy Ranking Member on Parliament's Finance Committee

The Deputy Ranking Member on Parliament's Finance Committee, Dr Gideon Boako, has questioned the credibility of Ghana's reported inflation rate, arguing that rising food prices being experienced by consumers do not reflect the official figures.

Speaking in an interview on Peace FM on Monday July 27, 2026, Dr Boako pointed to the price of tomatoes in Accra as an example.

“A piece of tomato sells at GH¢10 in most outlets in Accra, yet we are told inflation is around five per cent. What you make of that is as good as what I am thinking. The settings are exposing a lot about the government,” he said.

Gold Fields' community investments do not match profits - Apinto Council

He further revealed that the current economic conditions are exposing what he inconsistencies in the government's narrative on the country's economic performance.

He also said that the cost of essential food items, most especially tomatoes, shows how many Ghanaians continue to face significant cost-of-living pressures despite government assertions that inflation has declined to around five per cent.

Dr Boako further argued that the disconnect between official economic indicators and everyday market prices raises concerns about the true state of the economy and the lived experiences of ordinary citizens.

ANAS/MA

Ghana's recovery due to superior economic management - Ato Forson