The New Patriotic Party (NPP) Minority Caucus in Parliament has dismissed President John Dramani Mahama’s assessment of Ghana’s economy, insisting that his critique of inflation and economic performance is misleading.
Speaking at The True State of the Nation Address at Parliament House on March 3, 2025, the caucus argued that minor deviations in economic targets under the International Monetary Fund (IMF) programme are expected and should not be exaggerated.
“For those who are familiar with Ghana’s programme with the IMF, these minor deviations from the programme targets are sometimes normal because we are dealing with a very uncertain economic environment, and deviations like these can always be explained when one analyzes the data,” the caucus noted.
They emphasized that under IMF rules, any deviations require consultations between the government and the Fund to assess the situation and determine the best course forward.
Taking a direct swipe at Mahama’s recent State of the Nation Address (SONA), the NPP Caucus accused him of rushing to paint a negative picture of the economy without considering broader economic indicators. “President Mahama has shot himself in the foot by his rush to paint this situation as bad; and soon, we will see how he recovers from this,” they stated.
Read Also: Someone must reset Ghana’s destiny, and it can only be you – Dr. Ishmael Yamson to Mahama
The NPP Caucus also pointed out that inflation is just one component of economic performance and that Mahama failed to address key areas such as real GDP growth, trade balance, current account balance, international reserves, and the financial sector.
They argued that Ghana’s economy was performing strongly, citing an average real GDP growth of 6.4% for the first three quarters of 2024, surpassing the IMF’s 4% target. “This trend outperformed all projections and revised projections by both the IMF and the World Bank,” they stressed.
In contrast, the caucus compared Mahama’s own record, recalling that in 2016, the economy grew at a mere 3.4%—falling below a target of 5.4%—while the previous year recorded just 4% growth.
“If this is bad by President Mahama’s standard, see the President’s previous record—he underperformed by all standards, whilst President Akufo-Addo over-performed,” they asserted.
The True State of the Nation Address by the NPP Minority Caucus served as a strong rebuttal to Mahama’s claims, signaling heightened political tensions as the government and opposition continue to debate Ghana’s economic trajectory.
Don’t miss out! Get your daily dose of Entertainment news and more straight to your phone. Join Ghana Street Journal Whatsapp channel now!
 Minority Caucus in Parliament has dismissed President John Dramani Mahama’s assessment of Ghana’s economy,){kind=link}