Economist and Finance Professor at the University of Ghana, Professor Godfred Bokpin, has stated that the New Patriotic Party (NPP) deserves partial credit for the current stability of the Ghanaian cedi.<\/p>\n
He cited improved macroeconomic indicators and the continuity of certain policies as factors contributing to the cedi\u2019s resilience.<\/p>\n
Speaking in an interview on Citi FM on Wednesday, 21 May, Professor Bokpin acknowledged that while multiple elements are responsible for the cedi\u2019s performance, the previous NPP government\u2019s post-election economic management had a significant impact.<\/p>\n
\u201cTo some extent, the NPP should be given some credit. If you look at the data after December 2024, after the election under the IMF programme, we missed practically all the indicators, except for two,\u201d he explained.<\/p>\n
\u201cOne was GDP growth, which was higher than the programme\u2019s target. We ended the year with 5.7%, and the other was our international reserves.\u201d<\/p>\n
He pointed out that the former government\u2019s efforts, particularly through the Gold-for-Reserves programme, helped shore up foreign reserves \u2014 a move that created a foundation for the current administration to build upon.<\/p>\n
He emphasised that this foundation has played a role in stabilising the foreign exchange market.<\/p>\n
Professor Bokpin concluded that the relative currency stability being experienced is not the result of a single government\u2019s action but rather a continuation of prudent policies.<\/p>\n
\u201cSuch policy continuity, especially in the management of foreign reserves, has contributed to the relative stability observed in the foreign exchange market,\u201d he noted.<\/p>\n","protected":false},"excerpt":{"rendered":"
Economist and Finance Professor at the University of Ghana, Professor Godfred Bokpin, has stated that the New Patriotic Party (NPP) deserves partial credit for the current stability of the Ghanaian cedi. He cited improved macroeconomic indicators and the continuity of certain policies as factors contributing to the cedi\u2019s resilience. Speaking in an interview on Citi […]<\/p>\n","protected":false},"author":123457,"featured_media":11109,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[3507],"tags":[984,232,3559],"class_list":["post-11108","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","tag-cedi","tag-npp","tag-professor-bokpin"],"_links":{"self":[{"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/11108","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/users\/123457"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11108"}],"version-history":[{"count":1,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/11108\/revisions"}],"predecessor-version":[{"id":11110,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/11108\/revisions\/11110"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/media\/11109"}],"wp:attachment":[{"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11108"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11108"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11108"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}