The Member of Parliament for Ekumfi, Dr. Ekow Othniel Kwainoe, has lauded Finance Minister Dr. Cassiel Ato Forson for what he describes as a deliberate and effective strategy to stabilise the Ghanaian economy.

Speaking on Channel One Newsroom on Wednesday, July 23, Dr. Kwainoe — who serves on both the Trade, Industry & Tourism Committee and the Office of Profit Committee — pointed to improvements in inflation and the exchange rate as evidence of competent economic management.

“Clearly, everybody sees it. From GHC17, you are doing GHC10.50 and today, the ripple effect of the exchange rate appreciation is translated even into inflation,” he said.

“Inflation rate has dropped significantly six months in a row, from a 23%…we are doing somewhere around 13.7%. It tells you that there is a deliberate effort to ensure that this is done.”

He attributed these improvements to sound fiscal policy and effective implementation by the Finance Ministry.

Dr. Kwainoe also referenced recent projections by Deloitte, which suggest Ghana could attain single-digit inflation by the end of 2025. He expressed confidence in that outlook, citing growth in agriculture and targeted government policies.

“I am not surprised that the likes of Deloitte have come out to say that we are likely to see a single-digit inflation at the end of the year. I share in that because Agriculture has also improved, and looking at the policies that the government has put in place, food becomes easily affordable, prices are low, clearly we expect inflation to drop quicker than we expect.”