–BY Issah Olegor
In the midst of political commentary over Ghana’s recent currency stabilization, former Member of Parliament for Assin Central, Kennedy Agyapong, has downplayed suggestions that the National Democratic Congress (NDC) government deserves credit for the Cedi’s improved performance against major international currencies.
Addressing students and faculty at Central University, the outspoken New Patriotic Party (NPP) figure urged Ghanaians to refrain from attributing the recent economic strides to the NDC, stating emphatically that the ruling party had done nothing extraordinary to influence the local currency’s upward trajectory.
“Don’t praise the NDC for the performance of the Cedi,” Agyapong said.
“They haven’t done anything. In fact, no political party can singlehandedly make the Cedi perform well — not the NPP, not the NDC.”
Kennedy Agyapong attributed the Cedi’s relative stability to broader market forces, particularly a decline in demand for the US dollar, which he believes is currently driving the gains in value.
“It’s the low demand for the dollar that is helping the Cedi. It’s not due to anything magical that the NDC has done,” he asserted.
His remarks come just hours after President John Dramani Mahama, on his Thank You Tour in the Upper West Region, credited the Cedi’s recovery to policy reforms instituted by his administration.
According to Mahama, the 2024 budget, which focused on fiscal tightening and targeted investments, played a pivotal role in stabilizing the economy and improving consumer confidence.
In his speech, the President lauded his economic management team, particularly the Finance Minister and the Bank of Ghana Governor, for what he called “coordinated and disciplined efforts” that have begun to reflect in macroeconomic indicators.
John Mahama also promised Ghanaians that further economic relief and development would follow through his government’s Big Push infrastructure programme.
However, Kennedy Agyapong’s comments appear to question the effectiveness and credibility of that narrative.
He maintains that the performance of the local currency is largely influenced by global economic dynamics and Ghana’s own import-export behaviors — not necessarily tied to political leadership or policy declarations.
This is not the first time Agyapong has challenged the NDC.
Known for his blunt and often controversial commentary, the businessman and politician has often criticized both ruling and opposition parties when he believes public discourse is being misled.
