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Economist, Prof. Godfred Bokpin has faulted government for its lack of credibility in controlling the country’s persistent increase in the rate of inflation.

He makes the point that despite several policy directives, managers of the economy have failed to significantly improve general price levels over the years.

“It’s very difficult to trust government’s policy prescription and implementation when you see [inflation] variance at that level. Not everyone can do an inflation forecast, so we always turn to government’s budget, but it is always off the target, and it doesn’t help in credibility in government’s policy”, the Professor of finance at the University of Ghana Business School told Nii Larte Lartey on the Citi Prime News on Wednesday.

Prof. Bokpin was reacting to the latest inflation figure of 54.1 percent for December 2022 as released by the Ghana Statistical Service.

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