Ghanaians Feeling Greater Hardship Despite Better Economic Figures - Miracles Aboagye

The Director of Communications for the Bawumia Campaign Team, Dennis Miracles Aboagye, says many Ghanaians are experiencing a higher cost of living than they did in 2024, even though macroeconomic indicators appear to be improving.

Speaking on the AM Show on Tuesday, April 7, he said both official data and daily experiences point to a widening gap between economic statistics and the reality citizens face.

He stressed that although inflation, fuel prices, and the exchange rate have shown downward trends, these improvements have not eased financial pressure on households.

“The dollar has dropped. Inflation has declined. Fuel prices have also gone down. All that is true. But there is a disconnect, and we are drawing the government’s attention to it because it may not have noticed,” he explained.

Mr. Aboagye questioned why the gains in macroeconomic performance have not translated into better living conditions.

“For the first time, we are seeing major improvements in macro figures, yet they are not showing in people’s lives. There is an issue that needs to be examined,” he said.

He referenced earlier warnings from the People’s Forum in December 2025 about rising living costs concerns he said were dismissed but are now becoming more evident.

He added that recent increases in utility tariffs have worsened the situation for households.

“In a year, electricity tariffs have gone up by 24 percent and water by 15 percent. These are the issues we’ve been raising consistently,” he noted.

Mr. Aboagye also pointed to rising fuel prices and the resulting increase in transport fares, arguing that these developments have deepened the financial strain on citizens.

Comparing past conditions to the present, he insisted that despite the positive movement in inflation and exchange rate indicators, the cost of living continues to rise.

He concluded that for many households, economic hardship remains the most urgent challenge despite the reported improvement in macroeconomic performance.