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Cedi appreciation is a result of disciplined choices and sound policies – Prof. Naana Jane
Vice President of the Republic of Ghana, Prof. Naana Jane Opoku-Agyemang has credited the recent appreciation of the cedi to disciplined economic choices and sound policies implemented by the Bank of Ghana.
Speaking at the 14th Ghana Economic Forum held at the Kempinski Hotel in Accra, the Vice President said Ghana’s economy is gradually regaining strength due to prudent fiscal management, expenditure cuts, and improved internal controls.
She explained that these measures have helped restore confidence in the economy, leading to a stronger cedi and a decline in inflation to 9.4 percent.
“The cedi’s appreciation is not a miracle. It is the result of disciplined choices and the consistent application of sound monetary and fiscal policies by the Bank of Ghana,” she stated.
Prof. Opoku-Agyemang, however, cautioned against complacency and called for continued discipline to make the recovery sustainable.
She urged Ghanaians to focus on adding value to the country’s natural resources, such as processing cocoa into chocolate and refining bauxite into aluminium, to strengthen the economy and create more jobs.
She added that true economic stability depends on responsible habits like paying taxes honestly, producing more than the country consumes, and holding leaders accountable.
“The stability we enjoy today must be protected through commitment, productivity, and self-reliance,” she emphasised.
By: Jacob Aggrey
Parliament has confirmed that the Member of Parliament for Asante Akyem North, Kwame Ohene Frimpong, has been detained at Schiphol Airport in Amsterdam, Netherlands.
In a statement signed by the Clerk to Parliament, Ebenezer Ahumah Djietror, Parliament said the incident had been brought to the attention of the House leadership.
According to the statement, the Speaker of Parliament and the leadership of the House are currently in contact with Ghana’s Mission in The Hague to gather detailed information about the matter.
Parliament, however, did not disclose the reasons behind the MP’s detention.
“The public will be duly informed appropriately on this matter,” the statement added.
By: Jacob Aggrey
President John Dramani Mahama has approved the immediate evacuation of 300 Ghanaians living in South Africa following renewed xenophobic attacks in the country.
According to a statement, the affected Ghanaians had earlier complied with an advisory issued by the Ministry of Foreign Affairs and registered with Ghana’s High Commission in Pretoria for evacuation.
The government said the evacuation exercise is aimed at ensuring the safety and welfare of the citizens affected by the attacks.
The statement described the Ghanaians as distressed persons who sought assistance after tensions and attacks against foreign nationals reportedly escalated in parts of South Africa.
Government assured citizens that it remains committed to protecting the welfare of Ghanaians both at home and abroad.
Authorities are expected to work with Ghana’s diplomatic mission in South Africa to facilitate the safe return of the evacuees to Ghana.
By: Jacob Aggrey
