Leader of the Minority Caucus in Parliament, Alexander Afenyo-Markin, says Ghana’s recent economic improvement should not be credited to the Mahama-led administration.
He argues that the gains are the result of policies implemented under the previous NPP government.
Addressing the press on Monday, January 26, 2025, the Minority Leader acknowledged that the economy has shown positive signs in recent weeks but questioned the basis of the progress. “Ghana’s economy is doing well. That is not in doubt. But the question is, is the economy doing well because there is prudent management of our economy? Or whether this government has introduced some social intervention programmes that have in itself created an opportunity for young ambitious Ghanaians?” he asked.
Mr. Afenyo-Markin maintained that the upswing is largely driven by earlier fiscal and structural measures. He cited the IMF programme, debt relief, increased commodity exports and reduced public expenditure as key drivers of the recovery. “IMF programme, debt relief, rising commodity export, reduced expenditure are the major reasons for the upswing in Ghana’s economy, not a re-engineering in Ghana’s economy,” he stressed.
His comments come amid contrasting views from President John Dramani Mahama, who recently highlighted Ghana’s improving economic indicators. Speaking on Sunday at the First Sky Group Thanksgiving Service in the Northern Region, the President pointed to a sharp decline in inflation and the strengthening of the cedi as evidence of recovery.
He noted that inflation has dropped from 23.8 percent to 5.4 percent within a year, while the cedi has appreciated by 37 percent over the same period.
President Mahama attributed the gains to a mix of sound policy choices, fiscal discipline, and what he described as divine grace.
