Reduce prices of goods, services – Annoh-Dompreh
The Majority Chief Whip, Frank Annoh-Dompreh, has urged the executive arm of government to take drastic measures to ensure that prices of goods and services are reduced to reflect the gains made by the Ghana Cedi against the US dollar.
“Forex is favourable yet prices are high. Although we do not operate under control price, something must be done about it.
“The cedi was down almost 48 per cent against the dollar from its initial position early this year. Presently, it has strengthened more than 23 per cent since the start of December after the latest IMF visit,” he said on the floor of Parliament yesterday.
Mr Annor- Dompreh, who is also the New Patriotic Party (NPP) Member of Parliament (MP) for Nsawam-Adoagyiri in the Eastern Region, said while Ghana was currently experiencing a turnaround from the depreciation, the expected economic relief was not being felt by the ordinary Ghanaian since goods were still being sold at high prices.
“Mr Speaker, I make this submission urging the executive and its policymakers to take additional measures directed at restoring prices of food items and other goods,” he said.