Re-introduce price control as inflation reigns – Gabby

A member of the New Patriotic Party (NPP) and Founder of the Dankwa Institute,Mr Gabby Otchere Darko is asking for the re-introduction of the price control policy as part of measures to address the rising cost of living in the country.

He made the call in a twitter post sighted by GhanaPlus.com on Monday, May 30^th.

According to him, although the policy in Ghana’s political history was an unmitigated disaster, it would not be a bad idea to re-introduction it as long as the country inflation still continues to soar.

“Should Ghana re-introduce price controls in an attempt to curb rising costs of goods and services? Cabinet, I am told, has so far rejected that option. History tells us that price controls have been unmitigated disaster in Ghana. But, it may sound sexy again as inflation reigns,” his tweets reads.

Should Ghana re-introduce price controls in an attempt to curb rising costs of goods and services? Cabinet, I am told, has so far rejected that option. History tells us that price controls have been unmitigated disaster in Ghana. But, it may sound sexy again as inflation reigns.

— Gabby Otchere-Darko (@GabbyDarko) May 30, 2022

Source: GhanaPlus.com