President John Dramani Mahama has responded strongly to recent remarks by former Vice President Dr. Mahamudu Bawumia, asserting that the recent appreciation of the Ghanaian cedi is a result of effective leadership rather than any singular policy initiative.
Dr. Bawumia, during an engagement with members of the Young Executive Forum (YEF) in London, had questioned the National Democratic Congress’s (NDC) claim to credit for the cedi’s performance, challenging them to identify a specific policy responsible for the improvement.
“If you are to ask the NDC to point out exactly what policy they have implemented that has resulted in the appreciation of the cedi… they cannot tell you one,” Dr. Bawumia said, attributing the currency’s stability to legacy initiatives such as the NPP’s gold purchase programme.
However, in a pointed rebuttal during a meeting with members of the clergy on Friday, May 23, President Mahama rejected the notion that a single policy could account for the cedi’s recent gains. Instead, he highlighted the broader impact of leadership and governance.
“Somebody says, point to one policy that you have implemented to make the cedi appreciate, and I said one policy? It’s not about one policy. The answer is effective leadership,” Mahama stated.
He emphasised that macroeconomic stability and currency strength were being driven by a combination of good governance, fiscal discipline, and restored public confidence.
“With effective leadership, we can turn this economy around and create a better life for our people, and that is what I’m committed to,” the president said.
He further pledged that the gains made under his leadership would be sustained beyond his current term.
“To make sure that by the time we finish these four years, we will set such a standard in government that whichever party or whichever people come into governance cannot reverse the gains that we have made in restoring our people’s confidence in our democracy.”
