Ernest Owusu Bempah, the Deputy Nationwide Communications Director for the New Patriotic Celebration (NPP), has expressed an sudden commendation for the present Nationwide Democratic Congress (NDC) authorities’s financial efficiency.
In an interview on Web 2 TV this week, Mr. Owusu Bempah notably praised the NDC’s efficient administration of the economic system, notably its success in stabilising the Ghanaian cedi.
His remarks additionally contained a refined critique of the earlier administration’s dealing with of the economic system, seemingly directed at former Vice President Dr. Mahamudu Bawumia. Mr. Owusu Bempah highlighted the first concern of the enterprise group, stating, “All Ghanaians wished to see was the appreciation of the cedi and that’s what majority of enterprise folks wished.”
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He additional underscored his approval of the NDC’s strategy, including, “They know easy methods to handle the cedi.” This acknowledgement from a outstanding determine throughout the opposition celebration suggests a shocking shift in public commentary on the federal government’s financial methods.
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Every bond shall have a face worth of 1 Ghana cedi.
The cedi has proven important appreciation in opposition to main worldwide currencies, notably the US Greenback, in latest months. For example, reviews point out the cedi strengthened from round GH¢15.53 to the greenback in March 2025 to roughly GH¢13.09 by mid-Might 2025. This turnaround follows a interval of notable depreciation beneath the earlier NPP administration, with the cedi ending 2024 at round GH¢14.70 to the greenback, and experiencing a 28% depreciation in opposition to the USD in 2024 alone.
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The NDC authorities attributes this stabilisation to a mixture of things, together with prudent fiscal administration, renewed investor confidence following the Eurobond debt rework in late 2024, and strategic foreign exchange inflows, notably from the operations of the Ghana Gold Board. This improved forex efficiency has a direct bearing on essential companies and the cost of living.
![NPP’s Owusu Bempah expresses surprise at NDC’s economic management, jabs Bawumia [Video]](https://image.api.sportal365.com/process/smp-images-production/pulse.com.gh/24052025/73fea8d6-5023-4dc9-94b5-1052ded687aa.jpg)
A stronger cedi means a discount in the price of imported items, uncooked supplies, and petroleum merchandise, which in flip can result in decrease costs for shoppers and diminished manufacturing prices for companies. For instance, transport fares have already seen reductions.
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Moreover, utility tariffs, notably electrical energy pricing, which are sometimes benchmarked in opposition to change charges, may additionally see downward strain, easing the burden on households and companies alike.
