The Minority Caucus in Parliament has raised concerns over the government’s approach to reducing inflation, describing it as unsustainable and potentially harmful to the economy.
In a statement delivered by the member of parliament for the Ofoase-Ayirebi, Kojo Oppong-Nkrumah, the caucus highlighted that the Bank of Ghana sterilised about GHS62 billion from the economy in 2025 by mopping up excess cash from circulation and holding it at the central bank.
The Minority explained that while such a move may reduce inflation in the short term by lowering demand, it does not address the underlying drivers of rising prices, including increasing electricity costs, labour expenses, and production inputs.
Kojo Oppong-Nkrumah described the strategy as a “shock approach,” noting that although it may produce impressive inflation figures on paper, it raises concerns about long-term sustainability and its broader impact on economic activity.
He stressed that achieving lower inflation figures should not be the only focus, urging a closer examination of the methods used to attain them.
The Minority Caucus maintained that Ghana requires more durable and comprehensive economic solutions rather than temporary interventions that could place additional strain on the system.
