United Party (UP) leader Alan John Kwadwo Kyerematen says the ability of the National Democratic Congress (NDC) government to sustain recent economic gains will be a more important measure of its success than the initial improvements in Ghana’s macroeconomic indicators.
He acknowledged progress under President John Dramani Mahama, particularly in stabilising the macroeconomy, but cautioned that the gains would need to be maintained over the long term to demonstrate the effectiveness of the government’s economic policies.
Speaking on The Point of View on Channel One TV on Monday, September 21, Mr Kyerematen said economic improvements were important but should be supported by policies and systems capable of preserving stability.
“If you ask me about my own assessment of what the NDC and President John Dramani Mahama have done, I would say, generally, they have done well, particularly stabilising the macroeconomy. The question we need to ask is whether they can sustain the progress that has been made,” he said.
According to him, achieving economic stability represented only part of the challenge, with the more difficult task being the preservation of those gains over an extended period.
“I think that is a very important material question. Success is good and is very important but the real litmus test of success is when you are able to sustain it. So the question we need to ask can they sustain what they have done?” he said.
Mr Kyerematen said short-term improvements in economic indicators should therefore be matched with institutional and policy measures that could prevent a reversal of the gains.
His comments come amid ongoing assessments of the government’s economic management, with attention focused not only on recent improvements in macroeconomic stability but also on whether those improvements can translate into durable economic conditions.
