Gabby Asare Otchere-Darko has expressed optimism about the strengthening of the Ghanaian cedi, praising the success of the government’s “Gold for Forex” initiative and calling for a shift in political discourse from sabotage to service.
In a post on X (formerly Twitter), the New Patriotic Party (NPP) stalwart shared a snapshot of the cedi trading at 14.91 to the dollar as of December 5, 2024, and reflected on the journey since he began highlighting improvements in the local currency’s performance.
“Long may the trend of a stronger cedi continue,” he wrote. “I recall when I started posting daily the strengthening trend of the cedi before the Dec 7, I was criticised for reminding Ghanaians rather of the bad state of the cedi and had to delete some!”
Otchere-Darko praised the Vice President’s economic strategy, stating, “Today, the Bawumia Formula of Gold for Forex has become the gold standard, so to speak.” He further noted that other gold-producing nations, such as Namibia, are now adopting the approach.
He described the cedi’s recovery as encouraging. “I am delighted to see the cedi regaining strength against the dollar and long may it continue. We pray that it is not just temporary.”
Acknowledging the work of economic managers, he extended well wishes and underlined the broader national benefit of a stable currency. “If it works, it works for all of us and the capacity of businesses to create jobs and spread prosperity,” he said.
