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Ghanaians have more money in their pockets now – Akufo-Addo

President Akufo-Addo's encounter with the press

According to him, his administration has done far better in putting money in the pockets of Ghanaians than the erstwhile National Democratic Congress (NDC) government.

The President was speaking to journalists at a media encounter held at the Jubilee House on Wednesday, December 19, 2018.

“I think if most people stood back and saw their pockets, they will see that there are far more money in their pockets now than there have been for a very long time,” Nana Addo said.

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Last week, former president John Mahama accused the NPP government of plunging the country into “excruciating economic difficulties”.

He said this year’s Christmas will not be as exciting as previous years and warned that it could be the driest festive period in the history of the country.

“…most Ghanaian families will go through the driest Christmas they have ever experienced in the history of Ghana,” Mahama said.

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However, President Akufo-Addo believes the average household budget is facing a declining rate of inflation.

“Inflation is the biggest enemy of poor people, the inflation rate in Ghana is going down all the time,” he said, adding that the prices of fuel and electricity have significantly reduced.

“Food prices in the budget of the average household have gone down significantly; people are no longer paying secondary school fees for their children; all of these things are the things that are also taking place in this cry of there is no money in people’s pocket,” Nana Addo added.

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