The Minority in Parliament has criticize the President John Dramani Mahama’s assessment of inflation, stating that his claims of poor monetary policy were misleading.
Speaking at the True State of the Nation Address on Monday, March 3, 2025, the New Patriotic Party (NPP) Minority Caucus pointed out that while inflation stood at 23.8% at the end of 2024—slightly above the IMF target of 18%—this was a significant improvement from the 54% recorded at the end of 2022.
According to them, “If such a marginal deviation from the disinflation path is bad, then Mahama is the worst culprit when his last government deviated from an inflation target of 10.1% in 2016 and ended with 15.4%.”
They further argued that a proper economic assessment should have included other critical indicators such as GDP growth, trade balance, current account balance, and the financial sector’s performance, which Mahama failed to mention.
