{
  "id": 3280236,
  "title": "Falling inflation doesn’t mean lower prices – TUC official",
  "url": "https://urgent.news/2026/08/25/falling-inflation-doesnt-mean-lower-prices-tuc-official",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-25T14:24:29.000Z",
  "source": {
    "name": "MyJoyOnline Ghana",
    "slug": "myjoyonline-ghana",
    "url": "https://www.myjoyonline.com/falling-inflation-doesnt-mean-lower-prices-tuc-official/"
  },
  "original_language": "en",
  "account": "Dr. Kwabena Nyarko Otoo, Deputy General Secretary of the Trades Union Congress (TUC), has cautioned against interpreting Ghana's decreasing inflation rate as a sign that the prices of goods and services are falling. During an interview on Joy FM's Super Morning Show on August 25, he clarified that although inflation has significantly decreased over the past 1.5 years, consumers are still paying more for essential items compared to previous periods. Dr. Otoo explained that falling inflation merely means that the rate of price increases has slowed, rather than prices actually reducing. He emphasized that this distinction is crucial, as many Ghanaians might expect lower inflation to directly translate into cheaper goods and services. According to Dr. Otoo, the original prices are still high, so even with slowed inflation, consumers continue to bear the burden of past price hikes. He used the example of the housing market to illustrate this point, stating that the cost of renting a two-bedroom property has not returned to pre-inflation levels and continues to rise, albeit at a slower pace. This situation leaves households in a precarious position as income growth has not kept pace with the cost of goods and services. Dr. Otoo highlighted that while the improvement in inflation provides some relief due to reduced price increases, it does not equate to a decrease in actual prices faced by consumers. He urged stakeholders to focus on the real prices consumers pay, rather than solely relying on the headline inflation figure, when evaluating the country's cost-of-living challenges.",
  "summary": "Deputy General Secretary of Trades Union Congress (TUC), Dr Kwabena Nyarko Otoo has cautioned that Ghana’s declining inflation rate should not be interpreted to mean that the prices of goods and services are falling.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Joy Business",
        "title": "Falling inflation doesn’t mean lower prices – TUC official",
        "url": "https://urgent.news/2026/08/25/falling-inflation-doesnt-mean-lower-prices-tuc-official-3285797",
        "published": "2026-08-25T14:24:29.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}