NDC’s two years of economic gains not enough to establish stability – Alan Kyerematen

Former United Party founder and leader Alan Kyerematen has stated that Ghana's recent economic gains over the past two years are not yet sufficient to be considered sustained stability. Speaking on Channel One TV, Mr Kyerematen cautioned against governments rushing to declare economic success, urging them to give more thought to whether those gains can be maintained.

He noted that both the National Democratic Congress (NDC) and the New Patriotic Party (NPP) often celebrate economic improvements without considering their long-term sustainability. "I think part of the challenge of governments, whether it’s NDC or NPP, they are too quick to be praising themselves about what they've done," he said.

Mr Kyerematen emphasized that Ghana needs a longer period of sustained growth to establish true macroeconomic stability. While acknowledging a positive current growth rate, he argued that the country should aim for annual expansion between 8% and 10% over a decade to provide a more definitive basis for assessing the economy's performance.

"6% is good, but it's a trend, but you cannot... So we need 10 years of at least 8% to 10% growth," he added. The United Party leader also stressed that economic stabilisation and growth should be pursued together as they are interdependent. "They are two sides of the same coin," he concluded.