With fuel prices falling and the Ghanaian cedi gaining strength against major foreign currencies, the Gallant Cadres of the National Democratic Congress (NDC) have released a statement commending President John Dramani Mahama for what they describe as a remarkable economic recovery.
The statement, issued and signed by the group’s Public Relations Officer, Mr. Richard E. A. Sarpong, popularly known as Father Casford, on Sunday, May 4, 2025, credited President Mahama’s administration for steering the country back to economic stability.
“The Ghanaian Cedi has appreciated against major trading currencies like US dollar”, the statement said. It further noted that this positive trend had resulted in a steady drop in fuel prices at the pump, offering relief to Ghanaians and validating the effectiveness of government policies.
“The Economic Management Team headed by Prof. Jane Naana Opoku Agyemang is really up to task; fuel prices have dropped five consecutive times at the pump,” it averred.
The statement cited data from May 2, 2025, indicating that the Ghana cedi was trading at GH¢13.9070 to the dollar, describing it as a significant improvement over previous exchange rates. According to the Cadres, this gain in the currency’s value reflects growing investor confidence and the success of the government’s fiscal interventions.
The Cadres praised the current administration’s ability to stabilize the economy in the face of earlier challenges and expressed optimism that this trajectory would continue, bringing long-term relief to Ghanaians.
Below is the full press release:
Press Release
To All Media Houses
The Gallant Cadres of NDC
0208573712
0243179445
0542002741
A Resurgent Economy: GH Cedi Strengthens And Fuel Prices Decline Under Mahama’s Leadership
Ghana has been witnessing a significant economic turnaround under President John Dramani Mahama’s administration. The Ghanaian Cedi has appreciated against the trading currencies like US dollar Consequently, fuel prices at the pumps have seen a decreased, signaling the effectiveness of the government’s recent policies. The Economic Management Team headed by Prof Jane Naana Opoku Agyemang is really up to task. Fuel prices have dropped five consecutive time at the pump.
As of May 2, 2025, the GH Cedis was trading at GH¢13.9070 per dollar, a notable improvement from previous rates. This appreciation reflects increased investor confidence and the success of fiscal measures implemented by the current administration.
In addition to the strengthening Cedi, fuel prices have seen a downward trend. Starting from April 16, 2025, Oil Marketing Companies reduced petroleum product prices, providing relief to consumers nationwide.
Projections indicate further reductions in May and June, with Petrol and Diesel prices potentially reaching GH¢13–14 per litre.These positive developments contrast sharply with the economic challenges faced under the previous administration, where the Cedi depreciated by over 17% in 2024. The John Dramani Mahama Opoku Agyemang Government’s strategic initiatives, including the Gold-for-Oil program and prudent fiscal management, have been instrumental in reversing these trends.
The Gallant Cadres of NDC commend President Mahama for his decisive actions in stabilizing the economy. The leadership of the Economic Management Team has restored confidence among Ghanaians, and we anticipate continued progress under his guidance.These achievements mark a new era of economic stability and growth for Ghana, setting the nation on a path toward prosperity.
Comrade Richard E A Sarpong, Father Casford. The PRO, 0208573712
Ohemaa Akosua Borngreat, Deputy PRO, 0243179445
Mr F Kadan, Secretary, 0242276044
Chairman, Carrick Kpeglo. 0542002741
