The Public Relations Officer of Ghana’s COCOBOD, Sam Jerome, has argued that no serious businessperson would overlook the current economic gains achieved under the administration of His Excellency John Dramani Mahama and Finance Minister Dr. Ato Forson in favour of what he described as a government whose previous eight-year tenure was marked by economic mismanagement and the collapse of several businesses.
According to Mr. Jerome, recent economic indicators point to significant recovery, with one of the most notable improvements being the strengthening of the cedi. He highlighted that the local currency, which previously traded at around GH₵16 to the US dollar, now stands at approximately GH₵11 per dollar, reflecting a remarkable appreciation.
To illustrate the real-life impact of this shift, Mr. Jerome explained that a business owner who once needed GH₵16,000 to purchase US$1,000 would now require only GH₵11,000. This difference of GH₵5,000, he noted, represents savings that can be reinvested to expand or stabilize one’s business operations.
He emphasized that given such positive trends, no rational entrepreneur would choose to abandon an economy showing clear signs of recovery and disciplined management for an alternative administration he associates with prolonged economic decline.
Mr. Jerome made these remarks on the sidelines of the 2026 Budget Statement, which was presented by Finance Minister Dr. Ato Forson on Thursday, November 13, 2025.
Story: Nyamebeye Kofi Ansah Sasraku