The Minority in Parliament is urging the government to take swift and deliberate action to ensure that the recent appreciation of the Ghanaian cedi results in meaningful relief for the public.
The local currency has seen a notable strengthening against major trading currencies in recent weeks, sparking public calls for a reduction in the prices of goods and services.
Speaking at a Leaders’ Media Briefing, Deputy Minority Leader Patricia Appiagyei welcomed the improvement in exchange rate stability but stressed that its impact must be felt by the average Ghanaian.
“Everybody is happy that the cedi has become very strong, the exchange rate is coming down, but what is its effect on the cost of living despite the gains that we are experiencing?
“It is important that certain actions are taken to ensure that the downward trend of the cedi to the dollar will have a reflection on the cost of living in our country,” she said.
Appiagyei’s remarks echo growing public sentiment that the strengthening cedi should bring about a corresponding drop in consumer prices, particularly on imported goods.
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