{"id":54465,"date":"2022-11-10T07:20:02","date_gmt":"2022-11-10T07:20:02","guid":{"rendered":"https:\/\/www.kumasionlinegh.com\/?p=54465"},"modified":"2022-11-10T07:20:06","modified_gmt":"2022-11-10T07:20:06","slug":"uncertainty-over-ofori-attas-future-causing-inflation-rise-mona-quartey","status":"publish","type":"post","link":"https:\/\/www.kumasionlinetv.com\/?p=54465","title":{"rendered":"<strong>Uncertainty over Ofori-Atta\u2019s future causing inflation rise \u2013 Mona Quartey<\/strong>"},"content":{"rendered":"\n<p>A former Deputy Finance Minister, Mona Quartey, has attributed the continuous rise in inflation rate to the uncertainty of the future of Ghana\u2019s Finance Minister, Ken Ofori-Atta.<\/p>\n\n\n\n<p>According to Mona Quartey, even though several factors have contributed to the depreciation of the cedi, the continuous stay in office of the Finance Minister, whose policies have failed domestically, has eroded the confidence of investors in the Ghanaian economy.<\/p>\n\n\n\n<p>\u201cThere is no doubt that the cedi depreciation is based on uncertainty, and part of the uncertainty is the future of us maintaining the Finance Minister. The world and the markets are looking and wondering why we would continue to keep a Finance team that has implemented economic policies that have failed domestically. So that uncertainty is feeding into the depreciation rate,\u201d Mrs Quartey said on\u00a0Eyewitness News\u00a0on Wednesday, November 9, 2022.<\/p>\n\n\n\n<p>The former Deputy Finance Minister added that the current inflation figure is a clear indication that Ghana is back in HIPC times.<\/p>\n\n\n\n<p>\u201c[The current inflation rate] is the highest since July 2001 during HIPC times. So there is no doubt that we are back in HIPC times. There is no doubt that we are in dire times, and we are all feeling it in our pockets,\u201d Mrs. Quartey told host Umaru Sanda Amadu.<\/p>\n\n\n\n<p>Ghana\u2019s inflation rate hit an all-time high of 40.4 per cent for the month of October 2022.<\/p>\n\n\n\n<p>This was captured in the Consumer Price Index (CPI) data released by the Ghana Statistical Service (GSS) on Wednesday, November 9, 2022.<\/p>\n\n\n\n<p>Per the data, food and non-food inflation also rose to hit 43.7 percent and 37.8 percent respectively.<\/p>\n\n\n\n<p><strong>SEND A STORY:<\/strong>\u00a0Do you have a story for us or need a promotion \/ advertisement? Submit them via our email\u00a0<strong><a href=\"mailto:dannyboy744@gmail.com\">dannyboy744@gmail.com<\/a>\u00a0and via on +233 266777777<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A former Deputy Finance Minister, Mona Quartey, has attributed the continuous rise in inflation rate to the uncertainty of the future of Ghana\u2019s Finance Minister, Ken Ofori-Atta. According to Mona Quartey, even though several factors have contributed to the depreciation of the cedi, the continuous stay in office of the Finance Minister, whose policies have [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":54467,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"iawp_total_views":1,"footnotes":""},"categories":[40],"tags":[],"class_list":["post-54465","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-politics"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Uncertainty over Ofori-Atta\u2019s future causing inflation rise \u2013 Mona Quartey - Kumasi Online TV<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.kumasionlinetv.com\/?p=54465\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Uncertainty over Ofori-Atta\u2019s future causing inflation rise \u2013 Mona Quartey - Kumasi Online TV\" \/>\n<meta property=\"og:description\" content=\"A former Deputy Finance Minister, Mona Quartey, has attributed the continuous rise in inflation rate to the uncertainty of the future of Ghana\u2019s Finance Minister, Ken Ofori-Atta. 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