Audio By Carbonatix
The Director of Communications for the Bawumia Campaign Team has accused the National Democratic Congress (NDC) government of avoiding responsibility for the everyday challenges facing Ghanaians, despite improvements in key economic indicators.
Speaking on Newsfile on JoyNews on Saturday, February 28, during a discussion on the 2026 State of the Nation Address, Dennis Miracles Aboagye said the true state of the nation goes beyond headline macroeconomic figures.
“I think the state of the nation is just the aggregation of every person within the state. And so if you have the majority of the elements within the state not doing so well, that is what will tell on the state.”
He acknowledged that the country’s macroeconomic performance over the past year has been strong.
“The macroeconomic performance in the last one year is without doubt. There was no debate about that,” he said.
“The fact that we’ve seen unprecedented improvement in inflation, never seen before. I doubt even first-world countries see this kind of macroeconomic improvement in such a short period.”
He also pointed to the strength of the cedi, saying, “The fact that we’ve seen some very heavy strength from our currency, it’s without doubt,” he said.
However, Mr Aboagye questioned the sustainability of the gains and what is driving them.
“The details as to whether it’s sustainable, based on what is driving it, is another conversation. It’s time for the government to actually sit back and be honest with themselves,” he said.
He called on the government to clearly explain the source of the improvement.
"First of all, you need to begin to tell the Ghanaian people what is driving this improvement. So that, should anything go wrong, which we are not praying for, you don’t come back with excuses.”
According to him, Ghana’s recent stability is largely tied to high international gold prices.
“We’ve always made a point about gold, and we’ve said that if gold is what is driving us, then we are in trouble. Because we don’t control it. One single thing is what has driven us to where we are now. High international market price for gold,” he said.
He warned that over-reliance on a single commodity leaves the economy exposed.
“Tomorrow, should gold drop to 2,000 dollars, can we survive?” he asked.
Mr Aboagye also referred to the cocoa sector, suggesting that external market forces can quickly reverse gains.
He said comments attributed to a government official about giving cocoa farmers a “haircut” to prevent economic collapse show how fragile the situation could be.
While conceding that some Ghanaians have benefited from the improved indicators, he said that the impact has been limited.
“I have said it here that the government’s performance in the last one year has benefited, in my view, some 10 to 15 per cent of the population,” he claimed.
He explained that those who directly import goods and require foreign exchange have benefited significantly.
“The person who imports directly and needs forex benefited big time. The person who pays anything in dollars benefited. Who drives to the fuel station to buy fuel for their vehicle, plant, or machinery benefited.”
However, he said the ordinary commuter has not felt the same relief.
“The person joining the trotro also hasn’t. That is where the issue comes in,” he said.
He cited data suggesting that between 75 and 80 per cent of residents in Accra rely on commercial transport. According to him, the limited supply of vehicles has pushed up fares and made commuting more difficult.
“Today, people have to wake up at 3:00 a.m. so they can get to work at 8:30 a.m., which they are late anyway. And they have to leave the office at 5:00,” he said.
Mr Aboagye said that economic management should ultimately improve the daily lives of citizens.
“What is macroeconomy without its positive impact on micro?” he asked. “The whole essence of macroeconomic management is the output on the microeconomy.”
“If you drive your macroeconomic indicators to the best of numbers and your micro is not positively affected, you’ve done nothing,” he said.
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