Cedi debate: Stop the misleading analysis – IERPP fellow slams critics
In a Facebook post, Dr. Nyame-Baafi questioned why some critics quickly credit the current administration for the cedi's gains but shift blame for debt challenges to the previous administration
A senior research fellow and development economist at the Institute of Economic Research and Public Policy, Dr. Kwasi Nyame-Baafi, has criticized what he describes as a double standard in attributing the recent appreciation of the Ghanaian cedi to the Mahama administration’s policies while blaming debt issues on the previous government.
In a Facebook post, Dr. Nyame-Baafi questioned why some critics quickly credit the current administration for the cedi’s gains but shift blame for debt challenges to the previous administration.
“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 wrote.
“But 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 queried.
Dr. Nyame-Baafi emphasized the need for a consistent, data-driven analysis of Ghana’s economic situation rather than selective praise or blame.
“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?”
His comments come as the Ghanaian cedi shows signs of strength against the US dollar, with some analysts and government supporters attributing the gains to President John Mahama’s policies.
Dr. Nyame-Baafi, however, insists that such claims lack a factual basis, arguing that without clear evidence of a direct link between recent policies and the currency’s performance, any such narrative is “just spin.”
Asaase Broadcasting Company airs on Asaase 99.5 Accra, Asaase 98.5 Kumasi, Asaase 99.7 Tamale, Asaase 100.3 Cape Coast, AsaasePa 107.3 (Accra).
Affiliates: Bawku FM 101.5, Bead FM 99.9 (Bimbilla), Mining City Radio 89.5 (Tarkwa), Nandom FM 101.9, Nyatefe Radio 94.5 (Dzodze), Sissala Radio 96.3 (Tumu), Somuaa FM 89.9 (Gushegu), Stone City 90.7 (Ho) and Wale FM 106.9 (Walewale).
Listen online: asaaseradio.com, Sound Garden and TuneIn.
Follow us:
X: @asaaseradio995, @Asaase985ksi, @Asaase997tamale, @asaase1003, asaasepa1073
Instagram: asaaseradio99.5, asaase985ksi, asaase100.3, asaase99.7tamale, asaasepa107.3
LinkedIn: company/asaaseradio995. TikTok: @asaaseradio99.5
Facebook: asaase99.5, asaase985ksi, Asaase100.3, asaase99.7, AsaasePa107.3.
YouTube: AsaaseRadioXtra.
Join the conversation. Accra: call 020 000 9951/054 888 8995, WhatsApp 020 000 0995. Kumasi: call 059 415 7985 or call/WhatsApp 020 631 5260. Tamale: call/WhatsApp/SMS 053 554 6468. Cape Coast: call/WhatsApp 059 388 2652.
#AsaaseRadio
#AsaasePa
#TheVoiceofOurLand
