The Ashanti Regional Chairman for the New Patriotic Party (NPP), Mr. Bernard Antwi-Boasiako, has clapped back at Steve Hanke labeling his inflation figures about Ghana as “fraud”.
The NPP Chairman popularly known as Chairman Wontumi explained to Wontumionline.com that no reasonable person would buy into Prof. Hanke pegging Ghana’s inflation rate at 156%.
Chairman Wontumi insisted that the official figure from the Ghana Statistical Service which is 40.4% is official and a true representation of inflation in Ghana.
He advised the public to throw away the statement by Prof. Hanke and keep it in a “dustbin” where it belongs.
“You sit in America and you want to calculate inflation for Ghana with your unregistered windows computer? You are being feed by the cockroaches in NDC to peg Ghana’s inflation at 156% when the official figures are rather 40.4%”, Chairman Wontumi said.
The Government Statistician Professor Samuel Anim on Wednesday November 8 announced that inflation rate for October was 40.4 per cent.
Food inflation recorded the highest rate among all the components as against non food inflation according to the Ghana Statistical Service.
The increase by food inflation indicates a jump of more than 3 percent from the previous rate of 37.2.
But in a tweet, Prof Hanke said “Pres. Akufo-Addo says he will turn #Ghana‘s economic crisis “into an opportunity.” SPOILER ALERT: Akufo-Addo must be on another planet.
“Today, I measure Ghana’s inflation at a stunning 156%/yr. That’s nearly FOUR TIMES the official rate.”