GHANA’s macroeconomic buffers are now deemed more robust than they were under the mismanaged eight-year reign of the opposition NPP, Bank of Ghana Governor Dr. Johnson Asiama announced.
To this effect, he cites stronger reserves and fiscal discipline stemming from President Mahama’s NDC administration.
Speaking in Accra, Governor Asiama noted that Ghana’s Gross International Reserves reached approximately 10.7 billion, providing over 4.7 months of import cover — a cushion far beyond the minimum three-month safety net. This level of reserve strength marks a notable improvement compared to earlier NPP-era shortfalls.
The governor emphasized that prudent economic policies—tight monetary control, aligned fiscal measures, and increased inflows from gold, cocoa, and remittances—have restored macroeconomic stability, even amid rising global uncertainties like tensions in the Middle East.
Additionally, Ghana has exceeded IMF targets by surpassing the 9.3 billion level projected for mid-2026 as early as February 2025, reinforcing investor confidence in the government’s economic management.
This recovery reflects a sharp contrast to the NPP’s tenure, which was characterized by reckless borrowing and minimal reserve buildup. Financial experts argue that without the NDC’s reset policies, Ghana’s currency stability and investor appeal would have remained compromised.
As Ghana prepares to exit the IMF programme later this year, the stronger buffers signal a renewed path of economic resilience—affirming the current administration’s claim that Mahama’s fiscal discipline is the corrective that the nation desperately needed after years of instability under the NPP.
Source: Nationaltymes.com
