Decline in inflation in Ghana is only artificial - Mahama

The Leader of the People’s National Convention (PNC), Dr Edward Mahama, has noted that the decline in inflation from 40.9 per cent to 28.3 per cent by the government last year was an artificial one, which nobody should be boasting of.

He submitted that since the government was not spending much at the moment, there would be continuous decline in inflation, hence his description of the decline in inflation as “artificial”.

Edward Mahama stressed that although the government was making a considerable headway, inflation would surely go up when government began spending. The PNC leader implored government to put in place pragmatic measures that would ensure continued low inflation when it starts spending rather than singing its own praises for reducing inflation.

He expressed these views in an interview with the Crusading Guide at the Party’s Office in Accra recently. On the cash and carry system, he noted that the government had no intention to abolish it because it (government) had no ideas as to how to go about it. He continued that since what to do to the cash and carry system was embodied in the ruling party’s manifesto, it has no excuse to inform Ghanaians now that there is no timeframe to abolish it.

According to him, the government needed to examine its position on the issue because most developed countries had been able to abolish it and replace it with a Health Insurance Scheme. He added that a government could succeed only if its people were beneficiary of a good health policy. He maintained that, “Positive Change” could become a realistic option if Ghanaians could access good medicare