News:
February 4, 2026
The Ranking Member on Parliament’s Committee on Economy and Development, Kojo Oppong Nkrumah, has stated that while the presentation of the 24-hour economy policy document to Parliament is commendable, it represents only one of sixteen flagship programmes promised by the Mahama administration.
He noted that it has taken the government approximately one year to submit this single policy framework to the legislature, with the remaining fifteen still outstanding.
Speaking to the Parliamentary Press Corps after adjournment on Wednesday, February 4, 2026, Mr. Oppong Nkrumah said Parliament would now meticulously examine the submitted document.
“We are going to go through the exercise of detailing this policy or programme. We’re going to look at it in detail and try to match it to the commitments that have been made. This will help Parliament track the implementation and the programme’s standards,” he stated.
He acknowledged the delayed submission, saying, “I think that despite the fact that it’s taken the government about one year to present just one of their about 16 policy and programme documents, it’s a good thing that they finally presented it.”
The Ranking Member emphasized that detailed policy documents are crucial for parliamentary oversight, enabling a clear understanding of government targets and facilitating tracking.
“It’s one thing seeing it on a political platform or even launching it at a ceremony, but what you’ve now put in the programme details is what we can now track. So, despite the fact that it’s taken them about a year to present one out of the 16… we will go into this in detail and now track implementation,” he explained.
Mr. Oppong Nkrumah pledged that the Minority would continue its weekly advocacy for the release of the remaining fifteen policy documents, arguing they form the essential foundation for governmental accountability.
“We’re asking for it so that we can go into it and use it for the oversight function of parliament. So, you can rest assured that we’re going to use these documents to track the implementation of these programmes,” he asserted.
On Inflation Data: Market Reality vs. Official Figures
Shifting focus to the recent announcement of a 3.8% inflation rate, which the government cites as proof its methods are working, Mr. Oppong Nkrumah expressed skepticism.
He revealed that upon hearing the figure, he was inundated with messages from citizens questioning the disparity between the official data and actual market prices.
“I’m sure when the government statistician appears before us, we’ll have an opportunity to interrogate the data that they have and match it to what is really happening in the market,” he said.
He argued that Ghanaians, as end-users in the market, are the ultimate judges of inflation. “They will be the best judges to tell us whether what they’re experiencing on the market is 3.8 percent or not.”
The Ranking Member questioned why, if inflation is falling, consumers are not seeing corresponding price reductions. He reiterated the Minority’s long-held position that the government’s approach is not addressing core supply-side issues but is instead constricting money supply.
“What the government is doing to achieve these inflationary targets is not actually tackling the supply side. It’s actually sterilizing a lot of money from the system,” he contended.
He recalled that around October 2025, the Minority had pointed out that about GH¢60 billion had been sterilized—or removed from active circulation—in the economy.
“So it’s one thing they’re doing it on the demand side and telling you, therefore, that inflation is down to 3.8, but when you go to the market, you see the real rate,” Mr. Oppong Nkrumah concluded.
– Kwaku Sakyi-Danso / GhanaMP.com