Chief Biney leads demo to Bawumia’s office over ailing economy

27th October 2022

A Deputy Organiser of the National Democratic Congress (NDC), Chief Hamilton Biney, will picket at the office of the Vice President Dr Mahamudu Bawumia on Friday,

Biney who is contesting for the National Organiser position of the NDC told that his protest is to draw the government’s attention to the hardship in the country fueled by the free fall of the cedi and incessant fuel price hikes.

Bawumia has been criticised for the crumbling economy, and the NDC stalwart believes he must wake up from his slumber to fix the mess.
Vice President Bawumia

Police has already given him the green light to embark on the protest.

In a notice to the Accra Regional Police Command, Mr Biney who is a National Organiser hopeful indicated that the exercise will be peaceful.

Biney’s frustrations come at a time pressure is mounting on President Akufo-Addo to sack Finance Minister Ken Ofori-Atta who is also his cousin in the wake of the economic downturn.

The supply of dollars in circulation is insufficient, fueling the free fall of the Cedi.

The cedi has since January this year lost more than 40% in value to the US dollar, a performance that has also impacted negatively on inflation.

Inflation figures have consistently been soaring for the past 6 months, resulting in food price hikes.

The rate, according to the Ghana Statistical Service, has moved from 33.9 percent in August 2022 to 37.2 percent in September 2022, a figure most experts say could be higher.

One of the drivers of food inflation is transport fares which are fueled by incessant fuel hikes since January.

Written by Web Master

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