Former President John Mahama has lamented the hardships imposed on Ghanaians because of the present financial disaster. Value will increase, he identified, have had a damaging impact not solely on customers but in addition on companies.
In a social media put up, Mr. Mahama said that the present difficulties are completely different from earlier difficulties and their depth stands out.
“The costs of things, together with day by day medicines, salt, gari and cooking oil, are continually rising. When you do not buy an merchandise at a sure time, you may possible discover that the worth has elevated considerably a couple of hours later. Small enterprise house owners get pissed off once they break their backs to maintain their companies open within the face of massive obstacles. This isn’t only a supply of cyclical difficulties, and we should always not faux that it’s,” he wrote.
The general price of residing in Ghana has risen astronomically primarily as a consequence of runaway inflation and a weak forex, particularly in opposition to the US greenback. A number of protests have been organized lamenting the financial turmoil.