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Felix Kwakye Ofosu defends claim that macroeconomic gains are easing cost of living
Minister for Government Communications Felix Kwakye Ofosu has insisted that recent macroeconomic gains are gradually reducing the cost of living in Ghana, urging public officials to communicate such developments with honesty and sensitivity.
According to him, government officials must avoid exaggeration and show respect to citizens whose resources they manage.
He stressed that while officials should not overstate the impact of policies, they are also duty bound to correct what he described as false narratives pushed for partisan reasons.
Speaking at the governments acountability series, Mr Kwakye Ofosu rejected claims that improvements in the macroeconomy have not reflected in the daily lives of Ghanaians.
He maintained that there is clear and indisputable evidence of a decline in the cost of living.
He explained that he experiences the same conditions as ordinary citizens, noting that he shops at the same markets and uses the same services. Based on this, he expressed confidence that prices of some goods and services have gone down.
Using fuel prices as an example, the minister pointed to a significant reduction compared to previous years. He noted that during the previous government, filling his campaign vehicle cost about 2,000 Ghana cedis, while the same vehicle now takes about 1,400 Ghana cedis, representing a saving of 600 Ghana cedis.
He argued that anyone who previously paid higher fuel prices but now pays less cannot deny that the economic improvements have had some positive impact on household expenses.
Mr Kwakye Ofosu further highlighted that fuel once sold at about 23 Ghana cedis per litre, translating into over 100 Ghana cedis per gallon. He explained that current prices are far lower, which he described as clear evidence of easing costs.
On the prices of everyday goods, the minister disclosed that many items have recorded price reductions. He referred to data presented to Parliament’s Trade Committee by the Ghana Union of Traders Association during discussions on the 2025 Budget.
According to him, GUTA submitted evidence showing price cuts on more than 4,500 different goods, following improvements in key macroeconomic indicators.
He emphasised that while challenges remain, it is inaccurate to suggest that none of the economic gains have reached the pockets of ordinary Ghanaians.
By: Jacob Aggrey
The Ghana Police Service has launched a manhunt for a suspect in connection with the disappearance of a 27 year old man at Oyibi.
In a press release dated April 14, 2026, the Police identified the suspect as Wisdom Tetteh and said he is being sought over the disappearance of Theophilus Ashitey Amarh.
According to the Police, the case was reported on April 7, 2026, after the victim failed to return home.
He had left the previous day with the intention of selling his Hyundai Elantra saloon car after being introduced to a prospective buyer by the suspect.
Investigations revealed that the victim was last seen at the suspect’s residence at Saasabi, where he had gone to meet the supposed buyer.
The Police noted that a follow up visit to the suspect’s residence on April 10 led to the discovery of suspected bloodstains in a room, raising concerns of possible foul play.
The scene has since been examined by the National Crime Scene Management Team with support from the Anti Armed Robbery Unit of the CID Headquarters.
The Police added that search efforts involving community members and local authorities have been carried out in the area, but the victim is yet to be found.
Further intelligence suggests that the suspect may have fled the country to neighbouring Togo.
The Police indicated that steps, including INTERPOL processes, have been initiated to track and arrest him.
The Command assured the public that all necessary measures are being taken to arrest the suspect and uncover what happened.
It also urged anyone with information on the whereabouts of the suspect or the missing person to report to the nearest police station to assist investigations.
By: Jacob Aggrey
A team member of the Kwahu Business Forum and special aide to the Chief of staff, Benjamin Essuman has revealed that the team is working on developing the forum into a major platform to support business growth and policy dialogue in Ghana.
According to him, efforts are underway to transform the Kwahu Business Village into an International Conference Hub that will attract businesses and investors from across the world.
He made the remarks during an interview with ghanaiantimes.com.gh journalist, Jacob Aggrey in Accra.
He said the forum was designed to bring together regulators, policymakers, entrepreneurs and investors to share ideas and help shape policies that support business development.
According to him, the concept began in 2024 when John Dramani Mahama and his Chief of Staff conceived the idea during the Easter period in Kwahu, where many entrepreneurs gather annually.
He said the first edition created a platform for business people to engage leadership directly and present their concerns.
According to him, the success of the maiden event led to the decision to make it an annual forum.
He said the second edition in 2025 focused on improving access to finance by bringing banks and financial institutions to interact with businesses.
He said institutions such as the World Bank and the African Development Bank participated and engaged entrepreneurs on funding opportunities.
According to him, the forum has now gone beyond dialogue and has become a platform for partnerships, negotiations and investment deals.
He said some entrepreneurs who participated in previous editions have secured support from financial institutions, with their projects progressing steadily.
According to him, the presence of the President at the forum continues to boost confidence among businesses and deepen engagement.
He said the 2026 edition was larger than the previous ones and was held at the newly developed Kwahu Business Village.
According to him, traditional authorities in Kwahu donated about 150 acres of land to support the development of a permanent business conference centre.
He said the forum is attracting both local and international companies, creating opportunities for networking and collaboration.
According to him, the initiative also promotes tourism activities such as paragliding in collaboration with the Ghana Tourism Authority.
He said the forum will continue to be held in Kwahu and is being positioned as Ghana’s version of the World Economic Forum.
Mr.Easuman further challenges such as overcrowding in previous editions have been addressed through the introduction of a digital registration system.
He said small scale businesses must take advantage of opportunities such as partnerships, mergers and government incentives to expand.
According to him, entrepreneurs should also collaborate with institutions like the Ghana Chamber of Commerce and the Ghana Export Promotion Authority to access international markets.
He said the long term vision includes developing the Kwahu Business Village into a world class facility capable of hosting global conferences, with possible plans to construct an airstrip.
According to him, the forum remains an important platform for businesses seeking growth, funding and expansion beyond Ghana.
Background
The Kwahu Business Forum was introduced in 2024 as an initiative to bring together business leaders and government officials during the Easter festivities in Kwahu.
It was conceived as a platform for dialogue but has since evolved into an annual event focused on promoting investment, networking and policy engagement to strengthen Ghana’s business environment.
By: Jacob Aggrey
