The Member of Parliament for Gomoa Central Constituency, Kwame Asare Obeng, has expressed satisfaction that the New Patriotic Party (NPP) has acknowledged the strength and relative stability of Ghana’s economy under President John Dramani Mahama, even if only for a short period.
According to the MP, the admission by the NPP underscores the impact of sound economic management, arguing that meaningful results can be achieved within a limited timeframe if the right policies are implemented.
To illustrate his point, Mr. Obeng used an analogy, stating that even brief efforts can produce significant outcomes, emphasizing that duration alone does not determine value or impact.
He further explained his argument with a practical economic comparison. Under the administration of former President Nana Addo Dankwa Akufo-Addo, he noted, the exchange rate reportedly stood at about 16 cedis to one US dollar. At that rate, a house valued at $100,000 would cost approximately 1.6 million cedis. In contrast, under President Mahama, when the exchange rate was about 10 cedis to the dollar, the same property would cost around 1 million cedis.
Mr. Obeng stressed that such differences matter to ordinary Ghanaians, arguing that the improved purchasing power during that period left a positive impression on the public, despite its brevity.
Story: Nyamebeye Kofi Ansah Sasraku