Former Majority Leader and Suame MP, Osei Kyei-Mensah-Bonsu, has commended the administration of President John Dramani Mahama for what he describes as significant progress in managing Ghana’s economy.
In an interview with Kwame Tanko on Lawson TV, the veteran legislator acknowledged that the Mahama-led government had made impressive gains in stabilising key economic indicators over the past nine months.
>“The government has performed well by bringing inflation down, stabilising the cedi, and effectively implementing the Gold Board policy,” Kyei-Mensah-Bonsu stated.
He pointed out that when the New Patriotic Party (NPP) left office, inflation hovered around 21 percent. However, under Mahama’s National Democratic Congress (NDC), the rate has dropped to single digits — a development he described as “a huge positive.”
The former Parliamentary Affairs Minister also praised the administration’s management of interest rates, noting that while the NPP reduced lending rates from 32 percent to 22 percent, the NDC had “gone a step further” to bring them down to about 18 percent.
Touching on the exchange rate, he said the cedi’s performance under Mahama reflected prudent fiscal management.
“When we left office, the cedi was trading at 16 cedis to the dollar. Now, under Mahama, it’s around 10 cedis. That shows good management,” he said.
According to him, these achievements indicate that the NDC government is on the right track in restoring confidence and stability in the economy.
