Kindly click on the follow button to receive more tantalizing updates from JUKELAFRICA on regular basis. Please do not hesitate to like, comment and share this piece of article.
Readers can recall how TV3 and other media stations reported a loud cry by some market women due to what they are currently going through in the country. In fact , Mallam Atta Market women have complained bitterly about the fallen daily sales and they have attributed their situation to the Government’s inability to reduce the fuel prices.
The Market women have expressed their displeasure about the high prices of their goods or foodstuffs even though there are abundant food supply due to the favourable weather .Readers can reminisce how traders in the country have promised the government that food stuffs will be sold at low prices when the government reduces the fuel prices and have advised that the Nana Addo Danquah government should take immediate action to safeguard the situation.
In fact, Ghanaians are complaining about the declining economic situation and asked authorities to step in before situation deteriorates further.
Reports from the Ghana Statistical Services have shown that Inflation rate has reached 27.6% for May 2022 .
Inflation rate for April 2022 was 23.6% and many Ghanaians did not expect a 4 basic point increase.
In May 2021,the inflation rate was 7.5 percent and the difference over just a year is more than 20percent.
Many analyst have asked government to implement long-term solutions such as developing the manufacturing sector , strengthening the agricultural sector and drastic reduction in the importation of goods and services.
It is believed that the inflation rate will reduce when the right measures are in place.
Content created and supplied by: JUKELAFRICA (via Opera
News )