United Party leader Alan John Kwadwo Kyerematen has acknowledged what he described as progress made by the National Democratic Congress (NDC) government in stabilising Ghana’s macroeconomy, but says the real test will be whether the gains can be sustained.
Speaking on The Point of View on Channel One TV on Monday, September 21, Mr Kyerematen said improvements in key economic indicators under President John Dramani Mahama were encouraging but should not be regarded as the ultimate measure of economic success.
He said the government must demonstrate that the progress achieved so far can be maintained over the long term through sound policies and effective systems.
“If you ask me about my own assessment of what the NDC and President John Dramani Mahama have done, I would say, generally, they have done well, particularly stabilising the macroeconomy. The question we need to ask is whether they can sustain the progress that has been made,” he said.
According to Mr Kyerematen, while achieving economic stability is important, maintaining that stability over time is a more significant measure of the effectiveness of economic management.
“I think that is a very important material question. Success is good and is very important but the real litmus test of success is when you are able to sustain it. So the question we need to ask can they sustain what they have done?” he added.
He stressed that the recent improvements in the macroeconomy must be backed by policies and institutional systems capable of preserving the gains beyond the immediate period.
