Minister for Government Communications, Felix Kwakye Ofosu, has stated that Ghana’s economic situation has improved significantly since the current administration assumed office. Speaking on TV3’s Hot Issues, he highlighted key indicators that suggest progress in the country’s financial and economic management.
“I think any objective observer would agree that the country is in a much better position than it was when we took over power. Look at the economy, for instance, and the economy is important because that was the single most important item for the Ghanaian voter barely a year ago,” he said.
He further explained that the metrics used to evaluate economic performance indicate positive trends. “All the things that we use to measure the performance of an economy are pointing in the right direction,” Kwakye Ofosu noted.
The Minister emphasised the ease with which the country’s progress can be measured.
“I think that we have acquitted ourselves quite well, and it is fairly easy to measure this sort of performance. You just need to look at where the country was barely a year ago and where we are now,” he added.
Kwakye Ofosu also pointed to specific areas where improvements are visible. “There’s evidence in reduction of cost of living through the reduction in prices.
“The depreciation of the currency, which was a perennial problem and was one of the things which used to worry our economy the most, has been brought under control such that for the first time in many years that I can remember, the Cedi is going to record an annual appreciation of close to 30%,” he shared.
