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The Deputy National Organiser of the largest opposition National Democratic ongress (NDC), Chief Hamilton Nixon Biney, has been given permission by the Ghana Police Service to picket at the office of the Vice President Dr. Mahamudu Bawumia.

Chief Biney, the aspring NDC National Organizer, petitioned the Accra Regional Office on Friday, October 21, 2022, requesting their approval and protection.

Although it is still unknown if Mr. Biney will picket by himself or seek support from some members of his party, he stated that the activity is scheduled for Friday, October 28, 2022.

Cedi fall and skyrocketing fuel prices

Chief Biney says he can’t fathom why the head of government’s Economic Management Team, who was hailed by New Patriotic Party members as an “Economic Messiah”, has remained silent amid soaring fuel prices, the free fall of the cedi and general hardship in Ghana.

The Ghanaian economy is in dire straits.

High cost of living, upsurge in prices of goods and services, and high inflation have created dire challenges for consumers and entrepreneurs as many businesses risk shutting down over the situation if no intervention from the government is seen.

Currently, the dollar is trading at a little over GH¢14 to $1 with no end to the free fall of the Ghanaian currency in sight. With regard to fuel prices, petrol is selling at GH¢13.10 per litre, while diesel is being sold at GH¢15.99 per litre at some pumps.

Kerosene is also selling at GH₵13.19.

The inflation rate has also gone up significantly in the last nine months and hit 37.2% in September 2022, the highest in the last 21 years.

Several efforts by the government to salvage the ailing economy have yielded no positive results.

This has compelled the Government of Ghana to seek economic support from the International Monetary Fund (IMF).

Justifying why Ghana is seeking assistance from IMF, the Vice President outlined four factors.

While attributing 50 percent to external factors, Dr Bawumia noted that policies of the previous administration – Energy Sector Excess Capacity Payments, Banking Sector Clean-Up, have contributed to Ghana’s economic woes.

Economic Messiah

Dr Bawumia ahead of the 2016 election was touted as the ‘Economic Messiah’ who would save the country’s economy by stabilising the depreciating currency and taking measures that would improve the financial situation of the citizens.

Six years on, the country is experiencing similar economic challenges, even though, the ‘Economic Messiah’ is the incumbent Vice President and the Head of the Economic Management Team.

It is on the back of this that Chief Biney wants to peacefully picket and question the economic prowess of Dr Bawumia.