Chief Executive Officer of Dalex Finance, Joe Jackson has cautioned Ghanaians to remain prudent with their spending despite the recent drop in the national inflation rate to 13.7%.
In a post on his X (formerly Twitter) page on Monday, July 7, Mr. Jackson acknowledged the decline in inflation as a positive sign but warned that it does not necessarily translate into reduced prices of goods and services.
“Inflation drops to 13.7% …. Hurray! But wait… before you celebrate like you’ve won the lottery, remember: Inflation down ≠ Prices down. Your Kenkey is still expensive,” he wrote.
He advised the public to manage their finances wisely and not assume that the lower inflation figure means an immediate improvement in purchasing power.
“Plan smart, Spend wisely, This drop is hope, not magic. Let’s chop with sense and save for the future,” he stressed.
Mr. Jackson’s remarks come as economic analysts continue to assess the broader impact of Ghana’s recent macroeconomic indicators on the lives of ordinary citizens.
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