By Enock Akonnor (Managing Editor) enockakonnor2013@gmail.com
The Member of Parliament for Subin, Hon. Lawyer Kofi Obiri Yeboah, has launched a blistering attack on claims that prices of goods have reduced following the recent strengthening of the cedi, describing such assertions as false, misleading, and disconnected from market realities.
Speaking on Oyerepa TV’s morning show just days before Christmas, the outspoken legislator insisted that ordinary Ghanaians are feeling more pressure, not relief, as prices of basic necessities continue to soar despite the improved dollar–cedi rate.
“Where exactly have prices gone down?” the MP fired. “Show me that shop and I will go there myself to buy rice.”
Hon. Obiri Yeboah dismissed government narratives as cosmetic, stressing that essentials such as cement, rice, kenkey, and coconuts have all recorded sharp increases.
He revealed that coconuts which sold for GH¢3 or GH¢4 during the Akufo-Addo-led NPP administration are now being sold at between GH¢5 and GH¢7.
To drive home his point, the MP narrated a personal experience.
“I went to buy three coconuts thinking the old price still applied. I ended up paying GH¢20 because the seller told me prices had gone up,” he said.
The lawmaker further exposed rising costs in the clothing market, noting that a coat he previously bought for GH¢2,000 now sells for GH¢3,000, clear evidence, he argued, that the so-called price reductions exist only in government talking points.
While acknowledging the decline in the dollar–cedi rate, Hon. Obiri Yeboah said the impact has failed to reflect in the lives of citizens. He sharply criticised the GH¢10 billion injected into the economy by the ruling NDC administration to stabilise the currency, calling it wasteful and ineffective.
“That money could have built about five Ridge Hospitals or been invested in productive sectors of the economy,” he stated, questioning the value for money of the intervention.
In a scathing verdict on governance, the Subin MP rated President John Dramani Mahama’s one year in office as a “total failure,” describing the administration as “a big disaster” that has failed to ease the economic burden on Ghanaians.
His comments add to growing public debate over whether recent macroeconomic gains are translating into real relief at the market level or remaining numbers on paper.
Enock Akonnor is an experienced Ghanaian journalist, based in Kumasi and currently serves as the CEO and Managing Editor of www.leakyghana.com.
With a wealth of expertise built over many years in the media industry, he has earned a solid reputation as one of Ghana’s most sought-after journalists.
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