Former General Secretary of the New Patriotic Party (NPP), John Boadu, has raised concerns about the government’s management of the economy despite the recent appreciation of the cedi.
Speaking on Adom TV’s Badwam morning show, Mr. Boadu questioned how the government has utilised the gains made by the local currency.
“So far, what has the government used the dollar for? They are not spending. For the past eight months, we haven’t repaid our loans, contractors haven’t been paid, and even interest on delayed payments hasn’t been made,” he said.
He expressed worry that economic activities remain stagnant, with no new projects and declining revenue inflows.
“The more there is no economic activity, the fewer resources the government will have to work with,” he added.
Presenting the 2025 Mid-Year Fiscal Policy Review in Parliament, Finance Minister Dr. Cassiel Ato Forson hailed the cedi’s recent performance as historic and unprecedented, describing it as the strongest in the currency’s 60-year history.
According to him, as of the end of June 2025, the cedi had appreciated by 42.6% against the US dollar, 30.3% against the British pound, and 25.6% against the euro.
He contrasted this with the same period in 2024, when the cedi depreciated by 18.6%, 17.9%, and 16.0% respectively, against those currencies.
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