The NDC General Secretary says the new Gold Board initiative is delivering “magic” for the economy and transforming the foreign exchange landscape in ways no IMF deal or cocoa syndication could ever match.
Fifi Fiavi Kwetey, speaking on PM Express on JoyNews Tuesday night, called the program a “complete game changer” and criticised the opposition NPP for trying to take credit for its success.
“Now we’re talking about an initiative today that within the first four months has brought into this country $2.6 billion,” the Ketu South MP revealed.
“Annualise that and see the amount of foreign exchange that is being brought into the economy.”
He said the Gold Board’s inflows have far outstripped what the cocoa syndication facility offers annually, and even what the IMF program could deliver in the same period.
“That is far more than the IMF program was going to be giving us annually,” he emphasised.
“And remember, with the IMF, even when tranches are due, they often come at a time when the cedi sees some relative stability.
“But now you have an initiative that literally could be bringing into this country billions of dollars across the months to the end of the year.”
To him, this is no ordinary policy—it’s an economic turning point. “It’s a game changer. It’s a complete game changer,” he declared.
He dismissed attempts by the NPP to lay claim to the policy direction.
“I’ve heard our friends on the other side claiming, ‘Oh it’s our policy.’ It was not your policy,” he stated.
“NPP didn’t have a Gold Board. They didn’t have what you call the creativity to know that you could actually purchase gold, sell that gold, and earn forex, which is important for the country.”
He drew a sharp distinction between gold reserves and what the Gold Board is actually doing.
“We are not talking about gold reserves. Two separate realities. It’s not the gold reserve that is bringing the transformation. It is the inflow of dollars into the economy and liquidity,” he explained.
He described the practical outcome as revolutionary.
“So anybody who, therefore, now has access to that liquidity, going through the banks, and making it available through free transaction, that is the game changer.”
Fifi Kwetey accused the NPP of cowardice—eager to claim credit for positive developments but never ready to face blame for failures.
“I see them very desperate to want to take credit,” he said. “Desperate to take credit for the appreciation of the cedi. Yet they are such cowards to take responsibility for galamsey, dumsor or anything that is negative.”
He said this type of politics reflects a party that has lost its moral compass.
“They are cowards that want to ride on the back of something positive,” he declared.
“That is why that group would have to take a long time in opposition until they have what you call the rebirth of their soul to appreciate that politics must be done on the back of truth.”
To Fifi Kwetey, the current economic recovery is not accidental. It is the result of bold and creative leadership of the John Mahama administration.
He was emphatic that no matter how much the NPP tries to rewrite the narrative, the results are clear.
The Gold Board, he said, is not just policy—it’s proof that when guided by purpose and truth, politics can deliver real change.
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