The Minister for Government Communications, Felix Kwakye Ofosu, says Ghana’s economy has shown marked improvement one year after President John Dramani Mahama returned to office, arguing that the country is now in a stronger position than it was when the NDC took over.
Speaking on TV3 on Sunday, January 4, Mr Kwakye Ofosu said key economic indicators point to renewed stability and improved performance, reflecting what he described as effective economic management by the current administration.
He noted that economic concerns dominated voter priorities during the 2024 general elections, making the reported progress particularly significant.
“Anyone looking at the situation objectively will admit that the economy is in a far better state than it was a year ago. The economy was the most important issue for voters at the time, and today the indicators are clearly moving in the right direction,” he said.
The Communications Minister insisted the government has delivered on its promises, adding that its performance can easily be measured by comparing present conditions with those inherited at the start of its tenure.
According to him, the improvements are also being felt in daily life, citing a decline in the cost of living, reduced prices of goods, and a stronger cedi.
Mr Kwakye Ofosu further stated that the local currency, which had struggled in previous years, is expected to record an annual appreciation of close to 30 per cent — a development he described as rare in recent times. He said the currency’s stability has contributed to price reductions across several sectors of the economy.
Economic indicators improving under Mahama administration – Kwakye Ofosu
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The New Crusading Guide is a privately own newspaper in Ghana with Mr ABdul Malik Kweku Baako as its Editor in Chief. We give you the latest news