Godfred Bokpin has drawn a clear distinction between the economic management style of the current administration and that of its predecessor, lauding the Mahama-led government for what he described as unprecedented coordination between fiscal and monetary institutions.
The renowned economist Professor told Naa Dedei Tettey during an interview on Speaking on Morning Starr that the suggestion that the recent appreciation of the Ghana cedi was purely the result of policies inherited from the Akufo-Addo-Bawumia administration.
Instead, he pointed to the synchronised efforts of the Ministry of Finance and the Bank of Ghana as the real engine behind the currency’s current stability.
“There’s some kind of intentionality from the fiscal side, from the Minister of Finance, [and] Bank of Ghana, and they have the strong backing of the President,” he said.
“They are mirroring the leadership of the President. Unlike what happened under the previous administration, there wasn’t much coordination between the Central government and the Bank of Ghana.”
This remark directly counters assertions made by former Vice President Dr. Mahamudu Bawumia, who recently credited the cedi’s gains to the groundwork laid under the NPP’s gold reserves policy. Prof. Bokpin, however, maintained that it would be inaccurate to overlook the visible alignment currently driving the economic recovery process.
While acknowledging that transformative interventions have yet to materialise, the economist underscored the strategic cohesion behind the scenes as a key step in stabilising the economy.
“There’s a direction, there’s a focus where they are heading towards… so we cannot say they have not done anything,” he said.
