Acting Chief Executive Officer at Dalex Finance Mr Joe Jackson has said that although the drop in the rate of inflation is good news, it has not changed the condition of the ordinary man.
He says the drop in the rate simply means the rate at which the prices are rising has slowed, not a reduction in the prices.
Speaking on the Key Points on TV3 on Saturday, July 27, he said “Reduction in inflation hasn’t changed anything for me. 2 years ago in January, pay GHS 6000 and you earn 1000 dollars, today pay 6000 Cedis and you earn 400 dollars.
“Inflation coming down is good in terms of your pains reducing less going forward but there is still pain, inflation is the rate of increase, not a reduction in the process.”
Source:
3news.com
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