"MP Kojo Oppong Nkrumah Questions Government's Inflation Strategy, Calls for Supply-Side Reforms" 

The Member of Parliament for the Ofoase Ayeribi Constituency, Hon. Kojo Oppong Nkrumah, has raised concerns about the government’s handling of inflation, questioning the sustainability of recent gains.

Speaking to the press on Wednesday, February 4, Hon. Oppong Nkrumah said the government’s approach to meeting inflation targets fails to address the supply side of the economy. Instead, he argued, authorities are relying heavily on the sterilization of money from the financial system.

He explained that in October 2025 alone, the government sterilized about $60 billion from the economy, a move he said withdrew significant liquidity from circulation. According to him, this has limited access to funds for individuals and businesses who need money to carry out daily transactions.

Hon. Oppong Nkrumah further contended that although the government points to a reduction in inflation to 3.8 percent, the achievement is largely the result of demand-side measures rather than genuine economic growth. He insisted that the touted economic recovery exists mainly on paper and is not reflected in the lived experiences of ordinary citizens.

Report by PKB