By Benjamin Nii Nai Anyetei
Minister for Government Communications, Felix Kwakye Ofosu, says President John Dramani Mahama’s first year in office has resulted in significant economic stabilisation and a noticeable reduction in the cost of living, placing Ghana in a much stronger position than when the National Democratic Congress (NDC) assumed power.
Speaking on TV3’s Hot Issues programme on Sunday, January 4, 2026, during a review of President Mahama’s first year in office, Kwakye Ofosu stated that all major economic indicators point to improved performance.
“I think any objective observer would agree that the country is in a much better position than it was when we took over power,” he said.
According to the Minister, the economy was the single most important concern for Ghanaian voters barely a year ago, and the current administration has made measurable progress in addressing those challenges.
“Look at the economy for instance, and the economy is important because that was the single most important item for the Ghanaian voter barely a year ago. All the things that we use to measure the performance of an economy are pointing in the right direction,” he noted.
Kwakye Ofosu maintained that the NDC government has delivered on its promises to Ghanaians, stressing that its performance is easy to evaluate when current conditions are compared to those that prevailed before it took office.
“I think that we have acquitted ourselves quite well and it is fairly easy to measure this sort of performance. You just need to look at where the country was barely a year ago and where we are now,” he emphasised.
Highlighting specific gains, the Government Communications Minister pointed to a reduction in the cost of living, driven largely by falling prices across several sectors of the economy.
“There’s evidence in reduction of cost of living through the reduction in prices,” he said.
He also underscored improvements in the performance of the Ghana cedi, describing currency depreciation as a longstanding problem that had negatively affected the economy before the NDC returned to power.
“The depreciation of the currency, which was a perennial problem and was one of the things which used to worry our economy the most, has been brought under control such that for the first time in many years that I can remember, the cedi is going to record an annual appreciation of close to 30 per cent,” Kwakye Ofosu stated.
According to him, the strong performance of the cedi has contributed directly to easing inflationary pressures and lowering prices of goods and services.
“This has led to a lowering of prices across many sectors,” he added.
The Minister’s comments come as the Mahama administration marks one year of its second term, with government officials highlighting economic recovery and improved living conditions as key achievements of the period.
