The Municipal Chief Executive (MCE) for Ablekuma Central, Frank Nkansah, has stated that it would be unrealistic to expect the John Dramani Mahama-led administration to fully stabilize the cedi-to-dollar exchange rate and fix the economy within just seven months in office.
His comments come in response to concerns raised by spare parts dealers at Abossey Okai, who have criticized the government for claiming to have reduced the dollar rate to around GHS11 per dollar, yet the currency remains unavailable at the various commercial banks, with no visible impact on their businesses and daily operations.
Speaking in an exclusive interview on Happy 98.9 FM’s Happy on Wheels with Bismark Brown at Abossey Okai on Thursday, July 31, 2025, Mr. Nkansah acknowledged the frustrations of the business community but stressed that the current administration inherited a severely damaged economy.
He explained that the previous government, under Nana Addo Dankwa Akufo-Addo, left the economy in a state of disrepair, particularly regarding the exchange rate, making it nearly impossible to reverse the situation within such a short period.
“President Mahama has only been in office for seven months. It is unfair to expect him to turn things around overnight, especially after the economic mess left behind,” he said.
Mr. Nkansah, however, assured the people of Ablekuma Central and the wider business community that the government remains committed to reducing the dollar rate and ensuring that the effects are felt in the real economy.
He further urged Ghanaians to exercise patience and support the government’s efforts, expressing optimism that the economy will gradually recover with time and consistent policies.
