Banking and Finance Consultant, Dr. Richmond Atuahene has called on the Minority in Parliament to support their claim that Ghana’s declining inflation rate is artificial with empirical evidence.
The Minority Caucus in Parliament recently described the country’s declining inflation figures as “artificial,” arguing that the economic stability being projected by government does not reflect the realities faced by many Ghanaians.
According to the caucus, the drop in inflation has been driven by temporary and unsustainable interventions rather than long-term structural reforms aimed at strengthening the economy.
In a statement signed by the Minority Chief Whip, Frank Annoh-Dompreh, the caucus warned that the current economic stability highlighted by government officials is largely “manufactured” and could pose risks to the country’s economic future.
However, reacting to the claim in an interview on Peace FM, Dr. Richmond Atuahene urged the Minority to base their assertions on verifiable data.
He stressed that economic arguments, particularly those relating to inflation trends, must be supported with clear empirical evidence.
“They should work with empirical data when making such claims. When you say inflation is artificial, you must provide the data and analysis to support that assertion,” he said.
Dr. Atuahene also noted that during the tenure of the New Patriotic Party (NPP) administration, little was done to significantly ease inflationary pressures.
He explained that inflation dynamics are influenced by multiple factors, including fiscal policies, global economic conditions, and monetary interventions by the central bank.
The economist therefore urged policymakers and political actors to engage in fact-based discussions on the economy to ensure that public discourse remains accurate and constructive.
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