Former Energy Minister Dr. Matthew Opoku Prempeh, widely known as NAPO, has warned against what he calls unjust comparisons between the current NDC government and the previous NPP administration, encouraging Ghanaians to consider such evaluations with reason and context.
In a discussion observed by MyNewsGH, NAPO contended that the NDC’s brief time in power thus far does not provide a sufficient basis for a significant comparison with the NPP, which ruled for eight years.
“So let’s allow rationality to start sinking in and we will see, then we’ll be able to compare governments. You can’t compare a government that has been in office for seven months to a government that is in the office for four years,” he said.
Referencing economic changes, he pointed to recent statements from the Governor of the Bank of Ghana to support his argument about the intricacies of national governance and the economic foundation established by previous administrations.
“You heard the governor of the central bank said that the enormity of the work that was done in gold reserves has contributed to the boyars. I didn’t hear that though. He said it. So things have happened in every government and that gives you positive,” NAPO noted.
He also pointed out instances in previous administrations when the Ghana cedi excelled notably on the international stage.
“At a certain time in another government, the cedi was the best currency in the world, right? Which year was this? I don’t care what the Samidian visa, there are videos,” he responded, brushing off doubts about the claim.
“Now, you see how the donor is appreciated. Everybody seems to be happy. Are you not happy? Everybody seems to be happy, but look at the both sides of the equation. The dollar, the cedi has appreciated something by 34 percent, right? The dollar has come down,” he pointed out.
Yet, he questioned the practical impact of the currency gain on everyday life.
“If you tell me, I’m very, very happy, but if goods and services that were priced when the dollar was 15 CEDs, the CED equivalent is now even higher than when the dollar was 15 CEDs,” he added, suggesting a disconnect between macroeconomic indicators and the reality on the ground.
Watch the video below;
The 2024 Vice Presidential candidate of the New Patriotic Party, Dr. Matthew Opoku-Prempeh, has cautioned against premature celebrations over the recent appreciation of the Ghanaian cedi against the US dollar, emphasizing that it’s too early to declare victory. pic.twitter.com/T1Gdg1EJmC
— SIKAOFFICIAL🦍 (@SIKAOFFICIAL1) May 27, 2025
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