The Gallant Cadres of the National Democratic Congress (NDC) have praised the leadership of His Excellency John Dramani Mahama and Finance Minister Dr. Cassiel Ato Forson for what they described as significant strides in stabilizing the Ghanaian economy.
They attributed the recent appreciation of the Ghana cedi and the resultant reduction in public debt to what they called effective economic stewardship under the current administration.
In a statement issued and signed by the Cadres on Wednesday, May 21, 2025, they noted that the local currency has shown marked improvement against major trading currencies, particularly the U.S. dollar—an achievement they believe signals “sound fiscal management of the Ghanaian economy” and brings renewed optimism to the citizenry.
They emphasized that the effects of this progress are already being felt nationwide. “The prices of goods and services, which were previously inflated due to reckless economic mismanagement under the previous administration, are gradually declining. The local economy is breathing again, and the promise of prosperity under the NDC is becoming a reality once more,” the statement noted.
The Cadres expressed confidence that the current economic revival is only the beginning. “As the 24-hour economy initiative continues to gain traction, we will see job opportunities spring up across various sectors of the economy; young people are beginning to find decent, dignified work,” the statement highlighted.
In light of these developments, the Gallant Cadres are urging Ghanaians to organize large-scale but peaceful demonstrations to show their support. “President John Dramani Mahama deserves applause. The nation is being reset on the right path, and only continuity of this visionary leadership can secure our future,” the release stressed.
Below is the full press release:
Press Release
To All Media Houses
The Gallant Cadres of NDC
0208573712
0243179445
0542002741
0546572070
Fall in US Dollars Leads To Ghana’s Public Debt Reduction, Kudos to Economic Management Team
The continuous fall in the US dollar, and the sharp appreciation of the Ghana Cedi, is bringing about a significant reduction in Ghana’s total public debt. We, the gallant and ever-vigilant Cadres of the National Democratic Congress (NDC), rise today in unity and conviction to commend the exceptional leadership of His Excellency John Dramani Mahama and our newly appointed Finance Minister, Dr. Cassiel Ato Forson, for their commendable efforts in stabilizing the Ghanaian economy. Their collective efforts have led to a reduction in Ghana’s public debt. In a short period, the Ghana Cedi has shown strong appreciation against the major trading currencies, the Dollar, a feat that not only demonstrates sound fiscal management of the Ghanaian economy, but also renews the hope of the ordinary Ghanaian.
Across markets and communities, Ghanaians are beginning to feel the positive impact of this economic turnaround. The prices of goods and services, which were previously inflated due to reckless economic mismanagement under the previous administration, are gradually declining. The local economy is breathing again, and the promise of prosperity under the NDC is becoming a reality once more.
This resurgence is only the beginning. As the 24-hour economy initiative continues to gain traction, we are going to see job opportunities spring up across various sectors of the economy. Young people are beginning to find decent, dignified work. The private sector is experiencing a renewed energy. Factories are operating longer, transport services are extending hours, and night economies are beginning to boom. Ghana is working again under John Mahama.
It is for this reason that we, the Gallant Cadres of the National Democratic Congress , are calling on all well-meaning Ghanaians to hold massive, peaceful demonstrations to send a strong message to the world: President John Dramani Mahama deserves an applaud. The nation is being reset on the right path, and only continuity of this visionary leadership can secure our future.
To the New Patriotic Party (NPP), we send this solemn and unapologetic warning – Ghanaians are awake, and you must remain in opposition for no less than 16 years. Your era of “family-and-friends” governance, characterized by nepotism, corruption, and national betrayal through the “create, loot, and share” strategy, must never return.
Here are three clear reasons why the NPP must remain in opposition:
Abuse of Power for Personal Gain: Your track record is stained with reckless financial mismanagement, enriching a few at the expense of millions. Ghanaians will not forget.
Failed Promises and Broken Systems: You promised transformation, yet delivered economic hardship, joblessness, and hopelessness.
Contrast in Leadership: The difference is now clear. Under President Mahama, governance is inclusive, visionary, and developmental. Under the NPP, it was divisive, elitist, and exploitative.
The Double standards in NPP is legendary. Over the past weeks the Cedi started gaining strength, quickly the NPP came out that, it was due to the trade war – Dr. Bawumia and his dishonest and warped logic. In the first 100 days after his government took over power in 2017 and the cedi was doing well, he organized a press conference and said; “we have arrested the cedi. When we came it was running, we have arrested it and given the keys to the IGP”.
Let ask that same Dr Bawumia that, which government took the credit for the performance of the cedi in the first 100 days in 2017?. Why is he today struggling to accept same scenario even when the evidence is potently clear?. Such a dishonest and clueless person can’t lead this country
Now their Messiah Bawumia also says it is due to their good policies they laid which is what has resulted into today’s economic gains. The question is which is which? Trade war or good NPP policies? They are confusing their communicators.
Granted that it is due to their policies hence deserves some commendation, has Bawumia forgotten that when he proclaimed that he has arrested the dollar and submitted the keys to IGP, that was in their first 100 days in office of which they had then not even finished selecting their ministers but called on Ghanaians to clap for them. Has Bawumia mentioned a policy that led to the arrest of the dollar in 2017? Why can’t that be attributed to the good works of NDC in 2016?
The worst-performing currencies in Africa against the US dollar are:
Nigerian Naira (NGN): down 104.38% due to policy mismanagement, declining foreign reserves, and heavy reliance on oil exports.
Malawian Kwacha (MWK): down 39.1% due to rising import costs and dwindling foreign direct investments.
Rwandan Franc (RWF): down 19.41% due to external debt obligations and rising import costs.
Congolese Franc (CDF): down 16.65% due to conflict and economic mismanagement.
Angolan Kwanza (AOA): down 10.68% due to fluctuating oil prices.
Sierra Leonean Leone (SLE): down 8.95% due to political uncertainties and limited export diversification.
Madagascar Ariary (MGA): down 5.77% due to trade deficits and climate-related impacts on agriculture.
Burundi Franc (BIF): down 5.63% due to inadequate foreign reserves and socio-economic challenges.
Comoros Franc (KMF): down 4.75% due to economic vulnerabilities and dependence on foreign aid.
Ugandan Shilling (UGX): down 2.17% despite relatively stable economic conditions.
Other notable mentions include the Zimbabwean dollar, Sudanese pound, and South Sudanese pound, which have also experienced significant declines.
Indeed, the defeat has really affected NPP.
Ghana is rising again. The international community is beginning to see the light in our economic recovery. Our youth are regaining hope. And our collective future is no longer bleak.
We, the Gallant Cadres of the NDC, stand firm behind His Excellency John Dramani Mahama. Let us all rise and echo with one voice: support Prez Mahama to Continue Resetting Ghana!
Victory for Ghana. Victory for the NDC. Victory for Progress.
Signed,
Gallant Cadres of the National Democratic Congress (NDC)
Comrade Richard E A Sarpong, Father Casford. The PRO, 0208573712
Ohemaa Akosua Borngreat, Deputy PRO, 0243179445
Mr F Kadan, Secretary, 0242276044
Eric Nana Tekye, Deputy Secretary, 0546572070
Carrick Kpeglo, Chairman. 0542002741
