Former Member of Parliament for Manhyia South, Dr Matthew Opoku Prempeh, has urged Ghanaians to take a rational approach when comparing governments, arguing that short-term assessments fail to capture the broader economic picture.
Speaking to the media on Tuesday, May 27, 2025, as sighted by GhanaWeb Business, Dr Opoku Prempeh called for fair and constructive comparisons between governments, particularly when evaluating their performance.
He emphasised that a government that has been in office for just seven months cannot be accurately assessed against one that has served a full four-year term, noting that every administration experiences both progress and setbacks.
"Let’s allow rationality to sink in, and then we’ll see. You can’t compare a government that has been in office for seven months to one that has governed for four years," he stated.
According to him, despite the cedi’s recent appreciation against the dollar by about 34%, the prices of goods continue to rise, which does not reflect a true improvement in the economy.
“The cedi has appreciated by about 34%, right? The dollar has come down. If you ask me, I should be very happy, but when goods and services that were priced when the dollar was at 15 cedis now have an even higher cedi equivalent than when the dollar was at 50 cedis, you begin to wonder what isn’t adding up,"
He further remarked, "Take a bag of cement, for example. It was 90 cedis before the elections. Now, it costs 140 cedis. Back then, the dollar was 15 cedis. Now, it is around 10 to 11 cedis, fluctuating daily. How do you justify a 90-cedi bag of cement when the dollar was 15 cedis, and then claim that things are getting better when the same cement now costs significantly more despite currency appreciation?"
It is too early to jubilate over the appreciation of the Ghana Cedis against the Dollar — Matthew Opoku-Prempeh pic.twitter.com/grLUa2TqUV
— ThisIsNeneOdompleh (@The1957News) May 27, 2025
SP/MA
Watch the latest edition of BizTech below:
Click here to follow the GhanaWeb Business WhatsApp channel









