Mahama Ayariga, the majority leader and leader of Government Business, has said the recent cedi appreciation under the NDC government is putting money back into the pockets of Ghanaians.
The majority leader on the floor of parliament boldly touted the achievements of the John Mahama-led NDC government.
The majority leader noted that the NDC has engineered one of the strongest currency rebounds in recent history.
According to him, the cedi’s strength is putting money back into people’s pockets through transport fare reduction and the reduction of prices for imported food products.
Speaking on the floor of parliament, Mahama Ayariga detailed, “Mr Speaker, this House must support our indefatigable Finance Minister… to continue along the lines of fiscal prudence and his dogged pursuit of appreciating the Ghana Cedi, reducing inflation and prices, reducing interest rates and revitalizing our private sector, renewing hope in the Ghanaian.
“We have engineered one of the strongest currency rebounds in recent financial history. The cedi’s strength is putting money back in people’s pockets through transport fare reductions, and reduced prices of imported food products,” he added.
He further stated, “Mr Speaker, there is also a 14.1per cent strengthening versus the Euro, a significant reduction in fuel prices: Super XP: GH₵15.85 to GH₵13.27 (16.28 per cent decrease),
Diesel XP: GH₵15.99 to GH₵13.87 (13.26 per cent decrease), Super XP 95: GH₵15.96 to GH₵15.27 (4.32 per cent decrease) and transport fare reductions across major routes,” the majority leader detailed.
NKONKONSA.com
