The Member of Parliament for Bekwai, Ralph Poku-Adusei, has called on the government to ensure that the recent appreciation of the Ghanaian cedi has a direct and positive impact on the lives of ordinary citizens.
His comments come amid growing public concern about the soaring cost of food and essential goods across the country.
Speaking on Accra-based Asase Radio, the MP said: “Let the cedi appreciation affect the lives of the people, today as we speak, food is the most expensive thing in Ghana.
“One meal of fufu can cost you someone’s salary. The NDC should not only take credit for the cedi’s appreciation but must also ensure that these gains reflect in the prices of food and other necessities.”
Over the past weeks, the cedi has shown notable strength against major trading currencies, especially the US dollar.
The local currency, which had experienced sharp depreciation earlier in the year, has recovered by a significant margin.
This resurgence has been largely attributed to a mix of increased foreign exchange inflows, improved investor confidence, and tighter monetary controls implemented by the Bank of Ghana.
The National Democratic Congress (NDC), currently in government, has touted the cedi’s performance as a testament to the effectiveness of its fiscal policies. Finance officials have described the currency’s rally as evidence that the economy is on a path to recovery.
However, Poku-Adusei argues that the real measure of economic progress lies not just in the strength of the currency, but in how that strength translates into everyday relief for citizens.
