By Benjamin Nii Nai Anyetei
Member of Parliament for Chereponi, Seidu Alajor, says Ghana’s economy is showing signs of recovery but cautions that the process will take time.
Speaking on Current Agenda at Ghana Broadcasting Corporation (GBC), Mr. Alajor stated that the government inherited significant economic difficulties, including a depreciated cedi and high fuel prices.
He indicated that in 2024, fuel prices were close to GH¢20 per litre, while the exchange rate had reached about GH¢17 to the US dollar in some instances.
According to him, recent credit rating adjustments by Fitch and Moody’s reflect improved economic management. He said the upgrades signal renewed confidence in Ghana’s fiscal direction.
The MP acknowledged that some sectors are still facing challenges and that it will take time for the full impact of economic reforms to be realised.
Touching on agriculture, Mr. Alajor referenced fluctuations in commodity prices, including sesame, which he said sold at about GH¢200 per bowl last year but has dropped to around GH¢50 this year. He noted that Ghana does not produce cocoa in his constituency, where farmers focus on other crops such as sesame.
He emphasised that commodity pricing depends largely on global market dynamics and urged a balanced assessment of government efforts as the country works toward economic stability.
