Former Finance Minister Dr Kwabena Duffuor has said that the rate of inflation will drop below 9 percent within two years of his presidency if he is elected as flagbearer of the National Democratic Congress (NDC) and later as president of Ghana in the 2024 general elections.
Currently, the inflation rate for March 2023 is 45 percent as announced by the Ghana Statistical Service (GSS) on Wednesday, April 12.
But Dr Duffuor promised to bring it down after stating that he has a track record of manning the finances of the nation well.
The former Governor of the Bank of Ghana touted his credentials after indicating that when he was leaving the Finance Ministry as the sector Minister following his appointment by the late Professor John Evans Atta Mills, the debt of the country was GHS35 billion.
However, he said, it is currently GHS600 billion.
Addressing delegates of the NDC as part of his campaign to be elected flagbearer of the NDC, the former Governor of the Bank of Ghana said “Ghana’s debt is currently about GHS600 billion when I was leaving the Finance Ministry it was only GHS35billion.”
“This is frightening,” he added
He added “When it comes to the economy, actions speak louder than words. My record speaks for itself and it is clear that I have the experience and vision to fix the economy within two years.
“With my leadership, we will create jobs, stabilize the economy, and ensure that our country’s development is on the right track. Inflation will drop further to below 9 per cent, within 31 months. Let’s work together towards a better future for all Ghanaians.”
