
A Senior Research Fellow and development economist at the Institute of Economic Research and Public Policy (IERPP), Dr. Kwasi Nyame-Baafi, has slammed critics who attribute the Cedi’s performance to the Mahama government but reject issues about debt and blame that on the previous administration.
In a post made on his Facebook timeline, Dr. Nyame-Baafi could not bring himself to understand why critics are approbating and reprobating depending upon which subject matter is being discussed with respect to the Ghanaian currency.
“I often come across comments suggesting that the recent appreciation of the cedi is the result of external factors plus bold monetary and fiscal policies implemented this year — and I can’t help but pause” he said.
“When it comes to debt or economic challenges, the response is usually, ‘this government is just over 100 days old’ But when there’s a positive outcome, it’s suddenly attributed to current-year policy decisions?” he asked.
“Let’s be analytical and honest. The real questions we should be asking are:
• When was the 2025 budget presented?
• When did those policies begin implementation?
• Have they had enough time to take meaningful effect?” he further asked.
“The data matters. Context matters. Narrative without evidence is just spin” he concluded.