TUC Deputy General Secretary Dr Kwabena Nyarko Otoo has cautioned that Ghana's declining inflation rate should not be interpreted as prices falling; rather, it means the rate at which prices are increasing has slowed, while absolute price levels remain significantly higher than before.
25 August 2026 · Joy Online →
TUC Deputy General Secretary Dr Kwabena Nyarko Otoo says Ghana's rent prices remain high despite the country's lower inflation rate, explaining that falling inflation means prices increase at a slower rate rather than decrease, while higher prices set during previous inflation periods persist.
25 August 2026 · Joy Online →
TUC Deputy Secretary-General Dr Kwabena Nyarko Otoo attributes Ghana's low-wage structure to colonial-era labour practices, whereby British employers reduced wages to prevent workers from leaving after achieving financial targets within months. He argues this embedded wage policy has persisted in Ghana's labour market long after colonialism ended.
25 August 2026 · Joy Online →
TUC Deputy Secretary-General Dr Kwabena Nyarko Otoo says Ghana's high cost of living stems from uncontrolled market pricing, where goods and services rise frequently while workers' salaries stagnate, eroding purchasing power. He calls for tighter market regulation to prevent arbitrary price increases, noting that countries like the UK, US, and Canada have regulatory mechanisms that Ghana lacks despite operating similar market systems.
25 August 2026 · Joy Online →