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Inflation is dropping because we’ve reached a tipping point – Ofori-Atta

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When the Finance Minister praised Ghana's economic success in his midyear budget review in July, he drew significant criticism.

Ghana’s economy, which had fallen in recent years, has begun to make tiny increases, according to Finance Minister Ken Ofori-Atta.

Mr Ofori-Atta stated in Parliament on 15 November that the country’s inflation has begun to fall since the economy is operating well.

“In the midyear review, I informed the House that we have started turning the corner, and it is evident today. We turned the corner when inflation started to decline from 54.1 per cent in December 2022 to 35.2 per cent in October 2023. We turned the corner when the 1 per cent projected growth came to 3 per cent in the first two quarters of this year. We turned the corner when the currency, which had been under severe pressure over the past two years, depreciated by a modest 6.4 per cent in the past nine months compared to 53.3 per cent during the same period in 2022.”

“The performance of the Cedi is also a reflection that confidence is back, revenues have improved, and that the recovery is indeed real and here to stay. We turned the corner when companies went back to the job market to hire workers, and we turned the corner when the banking industry started to record and report profits after-tax growth of GH¢6.2 billion this half-year.”

When the Finance Minister praised Ghana’s economic success in his midyear budget review in July, he drew significant criticism.

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Hopeson Adorye granted GH¢20,000 bail

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Yaw Buaben Asamoa, a senior player in the Movement for Change, believes Adorye's detention was politically motivated.

The Dansoman court granted Hopeson Adorye, a senior activist in the Movement for Change, bail of GH¢20,000 with two sureties.

The ruling came after Adorye’s detention and subsequent court appearance on May 23, 2024.

Adorye was detained after making statements on an Accra-based radio station that has now gone viral, claiming that dynamite exploded in the Volta Region during the 2016 General Election.

Yaw Buaben Asamoa, a senior player in the Movement for Change, believes Adorye’s detention was politically motivated.

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Handcuffed Hopeson Adorye clashes with police

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The police apprehended him on Wednesday after he claimed to have ignited explosives in the Volta Region during the 2016 general elections. Mr. Adorye made the remark during a radio broadcast in Accra, and it has since gone viral. In an interview with Joy FM, Yaw Buaben Asamoa, a former Member of Parliament for Adenta and current member of the Movement for Change, stated that the arrest is politically motivated.

Hopeson Adorye, a key member of the Movement for Change who has been detained, had a verbal altercation with a police officer as he was being led out of the police headquarters on Wednesday, May 22.

He attempted to talk with his lawyer, Ken Kuranchie while being put into a police car, but the officer interrupted and instructed him to proceed rapidly inside the car.

It was at this moment that he yelled to the police officer, “I’m talking to my lawyer, please, and you’re obstructing me. What is the significance of that? Are you the sole police officer?

The police apprehended him on Wednesday after he claimed to have ignited explosives in the Volta Region during the 2016 general elections.

Mr Adorye remarked during a radio broadcast in Accra, and it has since gone viral.

In an interview with Joy FM, Yaw Buaben Asamoa, a former Member of Parliament for Adenta and current member of the Movement for Change, stated that the arrest is politically motivated.

He stated, “Hopeson Adorye is not about to flee Ghana or his house since the police aim to prosecute him with the dissemination of fake information.

“So, to go to the extent of keeping him all day in the police station and bringing him over to the Ministries to detain him, you point fingers backward at yourself that there is something political at play and it’s not fair,” he said.

“This is obviously politically motivated, there is no doubt about that,” he said.

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Buaben Asamoa claims Hopeson Adorye’s detention politically motivated

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He further alleged that he followed Mr. Adorye to the police headquarters, where he was requested to submit a statement and spent the entire day. However, about 6 p.m., they were informed that Mr. Adorye would be held until additional instructions from upstairs. Mr. Buaben Asamoa believes Adorye's detention is politically motivated, claiming that the police are awaiting orders from higher, hinting that the arrest is not simply a police decision. He also feels Adorye's detention is an attempt to intimidate the Movement for Change and quiet Adorye, who has been public about his views.

Yaw Buaben Asamoa, a member of the Movement for Change and former Member of Parliament for the Adentan seat, has suggested that Hopeson Adorye’s detention is politically motivated.

Police detained Hopeson Adorye, a major member of the Movement for Change, after he claimed to have exploded dynamites in the Volta Region during the 2016 General Elections.

Mr Adorye remarked during a radio broadcast in Accra, and it has since gone viral.

In an interview with Citi News, Mr. Buaben Asamoa said that Mr. Adorye was summoned to the police headquarters on Wednesday and thereafter held.

He further alleged that he followed Mr Adorye to the police headquarters, where he was requested to submit a statement and spent the entire day.

However, at about 6 p.m., they were informed that Mr. Adorye would be held until additional instructions from upstairs.

Mr Buaben Asamoa believes Adorye’s detention is politically motivated, claiming that the police are awaiting orders from higher, hinting that the arrest is not simply a police decision.

He also feels Adorye’s detention is an attempt to intimidate the Movement for Change and quiet Adorye, who has been public about his views.

“Because Hopson has been up and running, and some folks are feeling a bit tense and Jiffy about some of the things he has said. And this is the method of muscling him, attempting to scare the movement for change; it will not succeed. “I am convinced that it is politically motivated.”

Mr. Adorye is now in detention and scheduled to appear in court on Thursday. He has not yet been charged with a crime, but authorities are looking into the dissemination of incorrect information.

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