Accusations and counter-accusations have surfaced in Ghana’s political landscape regarding the true cost of building materials. Recent claims about cement prices in Ghana being reduced have been debunked by Michael Okyere Baafi, a former Deputy Minister of Trade and Industry. Baafi is directly challenging assertions made by the National Democratic Congress (NDC) that cement prices have fallen, maintaining that they remain unchanged.

Baafi, a prominent voice in Ghanaian politics and economics, brings considerable weight to the discussion. His rebuttal has ignited a debate about the government’s role in price regulation and the economic realities faced by Ghanaian consumers.

Baafi has strongly refuted the NDC’s claims of reduced cement prices, emphasizing that the cost has not decreased to GH₵82 as the opposition party has stated. According to Baafi, cement prices remain stagnant, directly contradicting the NDC’s public statements.

“Cement prices remain unchanged,” – Michael Okyere Baafi

Adding to his argument, Baafi asserts that the government has not engaged in any discussions with cement manufacturers to artificially influence prices. He maintains that the market operates freely, driven by economic factors rather than political intervention.

“Ghana operates a free market economy where prices are determined by market forces, not political gimmicks,” – Michael Okyere Baafi

This statement highlights a fundamental difference in perspective between Baafi and the NDC regarding economic policy and government involvement in the private sector.

Baafi points to the recent appreciation of the Cedi, Ghana’s currency, as a missed opportunity for cement producers to lower prices for consumers. He suggests that the strengthened currency should have translated into reduced production costs and, subsequently, lower prices for cement. However, according to Baafi, this potential benefit has not been realized.

Furthermore, Baafi accuses the NDC of deliberately spreading misinformation about cement prices for political gain. In his view, the NDC is attempting to mislead the public and create a false narrative about the state of the economy. Baafi argues that the NDC has instead resorted to spreading misinformation in order to undermine the current administration.

Baafi is urging cement producers to seize the opportunity presented by the strengthened Cedi and pass on the benefits to consumers through lower prices.

He also underscores the importance of transparency and accountability in leadership, asserting that Ghanaians deserve to know the truth about economic matters, including the prices of essential goods like cement.

“Ghana deserves truth, stability, and affordable prices,” – Michael Okyere Baafi

Baafi believes that focusing on practical solutions and sound economic policies is crucial for Ghana’s progress, rather than engaging in political maneuvering or propaganda.

In summary, Michael Okyere Baafi has directly challenged the NDC’s claims of reduced cement prices, highlighting the role of market forces and calling for greater transparency. His statements underscore his vision for Ghana, emphasizing truth, stability, and affordable prices for essential goods. Baafi’s concerns regarding cement prices in Ghana reflect his broader commitment to holding leaders accountable and ensuring sound economic management.