Vice-President, Dr. Mahmudu Bawumia has agreed that the country is facing economic challenges.

Speaking on the economy at a forum organised by the NPP’s National Youth Wing, Thursday, the Vice-President said the skyrocketing of goods general goods caused by the hikes in fuels prices is ramification of the COVID -19 pandemic.

“Unfortunately, the COVID-19 pandemic changed the economic circumstances of virtually every country in the world. Today, our economy is witnessing rising prices of fuel and virtually all commodities like bread, rice, sugar, sachet water, cement, iron rods and so on. From Malata market to Abofour market, to Techiman market, to Takoradi market, circle to Kpando and everywhere across the country, prices are on the rise…these are the stark realities that confront us today,” he said.

He added that the economy was stabilized before the emergence of the covid-19 pandemic. He said before Covid surfaced, government reduced inflation, reduced the rate of exchange rate depreciation and implemented flagship programmes such as Free SHS, NABCO, Planting for Food and Jobs and One District, One Factory to provide jobs for the youth and develop the economy.

Bainamultimedia/Ainawu Alhassan Adam