Dr. Cassiel Ato Forson, the ranking member on the parliamentary finance committee and the NDC MP for the Ajumako-Enyan-Esiam constituency says Ghanaians would have to brace themselves up for more economic difficulties in the year 2022.
Ato Forson shared a six-bullet point post on his Facebook wall listing all the indicators he feels are going to put Ghanaians through hardship this year.
In his post, he predicted that there would be “at least 30% increase in general goods while the Ghanaian cedi will hit GHS 7 to a US Dollar by the end of 2022″ claiming that the cedi is currently trading at almost GH¢6.5 to $1.
Fuel prices, he said, are “set to go up by 18 pesewas this week and more likely to go up again on account of a weak cedi”.
He noted that there will be a “multiplicity of taxes and levies to take effect by the end of January 2022”.
He further added that “interest rates are likely to go up again” while the government will be “borrowing heavily from the domestic market” since the Euro bond market is closed to Ghana for, at least, the first half of 2022.