Cement, petrol, and other commodity prices are declining. Dr. Bawumia praises government initiatives

According to Vice President Dr. Mahamudu Bawumia, the nation’s economic recovery process is starting to show signs of improvement.

Cement, petrol, and other commodity prices are declining. Dr. Bawumia praises government initiatives
Cement, petrol, and other commodity prices are declining. Dr. Bawumia praises government initiatives

He praised the advancements in government policies that, in his opinion, have led to advances in macroeconomic stability and reaffirmed the government’s commitment to placing the nation’s economy on a stable course.

Prior to the 2024 elections, Dr. Bawumia—who is also the New Patriotic Party’s flagbearer—cited a drop in inflation rates and a decrease in the cost of goods and services as important contributors to the advancement of the economy’s recovery.

“What is remarkable is that prices of items that we normally buy are falling, cement prices, fuel prices, cooking oil prices, iron rod prices, rice prices, maize prices, and this is telling us that something is happening because normally we see increases but we are seeing a decline in pricing,” the Vice President said during a National Thanksgiving service held at the NPP Headquarters in Accra.

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