NPP shouldn’t play politics of equalization with NDC – Gabby

A leading member of the New Patriotic Party (NPP) Gabby Otchere-Darko has cautioned the governing party against playing the politics of equalization with the main opposition National Democratic Congress (NDC) on inflation, interest rates and Cedi depreciation.

He stated that the world is facing an economic crisis like never before in peace time.

In a tweet, Mr Otchere-Darko explained that this is not election year, so Ghanaians shouldn’t be treated like voters but citizens.

Politics of comparisons, he explained works when elections are before the people.

Right now people just care about how to make ends meet. Use your energy in showing what is being done to bring relief, he said.

“NPP shouldn’t play the politics of equalization with the NDC on inflation, interest rates & cedi depreciation.

“The world is facing an economic crisis like never before in peace time. Ghana has been hit very hard because our economic recovery was being delicately managed pre-COVID.

“This is not election year, so don’t treat Ghanaians like voters but citizens. Politics of comparisons works when elections are before us. Right now people just care about how to make ends meet. Use your energy in showing what is being done to bring relief,” the former Executive Director of the Danquah Institute said.

Ghana’s inflation rate has increased to 37.2 per cent in September 2022. The local currency, the Cedi is struggling.

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The Cedi has been reported by Bloomberg to be the world’s worst-performing currency this year as investors continued to squeeze foreign capital to the west African country before a deal with the International Monetary Fund.

The currency of the world’s second-biggest cocoa producer depreciated as much as 3.3% Monday, before paring the loss to 11.2750 per dollar at 3:30 p.m. in the capital Accra. That took its losses this year to more than 45%, the most among 148 currencies tracked by Bloomberg.

 

SOURCE: 3news.com