Mahama defends cedi stability, attributes gains to leadership

President John Dramani Mahama has responded to former Vice President Dr. Mahamudu Bawumia’s remarks on the recent appreciation of the Ghanaian cedi, asserting that its stability stems from effective leadership rather than any singular policy.

Dr. Bawumia, addressing members of the Young Executive Forum (YEF) in London, questioned the National Democratic Congress (NDC)’s claim to credit for the currency’s performance.

He challenged the party to pinpoint a specific policy responsible for the improvement, arguing that legacy initiatives like the New Patriotic Party (NPP)’s gold purchase programme were the real driving force.

However, during a meeting with members of the clergy, President Mahama dismissed the assertion that a single policy could explain the cedi’s gains. Instead, he emphasized the broader impact of governance.

“It’s not about one policy. The answer is effective leadership,” Mahama stated. He underscored how macroeconomic stability is achieved through a combination of sound governance, fiscal discipline, and restored public confidence.

He further pledged that the economic strides made under his administration would be sustained beyond his tenure, ensuring that future governments uphold progress rather than reversing achievements.

“As we move forward, we will set such a standard in governance that no future administration can undo the gains we have made”.