News
Gideon Boako credits NPP for foundations of single digit inflation
Member of Parliament for Tano North and Spokesperson to Vice-President Mahamudu Bawumia, Gideon Boako has argued that Ghana’s current single-digit inflation is possible because of policy measures put in place by the former New Patriotic Party administration.
Addressing Parliament, Mr Boako explained that by April 2014, the Government of Ghana had signed a Standard Credit Facility Agreement with the IMF which introduced macro-fiscal programs aimed at reducing inflation.
He noted that the plan, which was communicated by both the IMF and the Bank of Ghana, was structured to bring inflation down to single digits by the end of 2025.
He stated that the current administration only continued the program that was already in place and is now benefiting from it.
He added that officials of the previous government should be proud that their policies have contributed to the current inflation achievement.
Mr Boako however expressed worry over what he described as the tools used by the present government to push inflation down.
He warned that these tools could affect the wider economy and ordinary citizens.
He identified two measures he believes were used in 2025 to support the single-digit inflation.
The first was “sterilization” by the Bank of Ghana, which he explained as a monetary mechanism that withdraws money from the public and channels it back into the central bank.
He argued that this reduces disposable income and affects household consumption.
The second measure, he explained, was what he called excessive fiscal consolidation by the Ministry of Finance, anchored on delayed payments and what he described as arrests intended to present a good public image.
Mr Boako referenced paragraph 248 of the budget statement, which outlines intensified open market operations by the Bank of Ghana in line with its disinflation goals. The document notes limits placed on net domestic assets through higher stabilization and reduced claims on government.
He highlighted the minister’s report that 62 billion cedis was involved in this process and cautioned that the economic impact of these actions must be examined closely.
By: Jacob Aggrey
The Tema Regional Police Command has arrested a 30-year-old driver, Bismark Kpormeno, for possession of a large quantity of compressed plant materials suspected to be Indian hemp.
The arrest was made on Sunday, 31 May 2026 by officers of the Tema Highway Patrol Unit during an operation along the Tema-Ada road.
According to police, the suspect was driving a Hyundai Mighty I container truck and failed to stop when signaled. He attempted to evade arrest but was pursued and apprehended at Bondase.
A search of the vehicle revealed twelve 12 sacks and eighty 80 parcels of compressed plant materials concealed in a container and wrapped in sellotape.
Preliminary investigations show the narcotics were allegedly loaded at Kpeve in the Volta Region and were being transported to Ada.
The suspect is currently in police custody assisting with investigations. The truck and exhibits have been impounded for evidential purposes.
The Tema Regional Police Command says it remains committed to combating drug trafficking and other criminal activities.
They also urged the public to support law enforcement by providing timely and credible information on suspicious activities.
Firefighters from the Peki Fire Station of the Ghana National Fire Service (GNFS) responded swiftly to a fatal head-on collision involving a Mercedes-Benz container truck (WR 1553-C) travelling from Nkwanta to Accra and a Mercedes-Benz passenger bus (GR 3215-E) travelling from Battor to Kabiti in the Oti Region.
The crash occurred at Peki-Tsame near Peki Senior High School in the early hours of Tuesday, 2nd June 2026.
A total of forty (40) persons were involved, comprising twenty-one (21) males, fifteen (15) females, and four (4) children.
Through a coordinated rescue operation, firefighters extricated 25 injured casualties, including 23 adults and two children.
Sadly, 15 persons lost their lives, made up of nine males and 6 females.
The injured were conveyed to the Peki Government Hospital for treatment, while the deceased were handed over to the Police, who conveyed them to the hospital mortuary for preservation and further investigation. The cause of the accident remains under investigation.
The Ghana National Fire Service has extended its deepest condolences to the bereaved families and urges all motorists to observe road traffic regulations, avoid dangerous driving practices, and exercise maximum caution on the roads to help prevent accidents and save lives.
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