The Director of Communications for the New Patriotic Party (NPP), Richard Ahiagbah, has challenged what he describes as an attempt by government communicators and affiliates of the opposition National Democratic Congress (NDC) to take undue credit for the recent performance of the Ghanaian cedi.

In a statement shared on X on May 19, 2025, Ahiagbah suggested that, despite deploying “their favourite Professors, PhDs, and industry affiliates,” the narrative being pushed by the NDC and some elements within the government has failed to resonate with the public.

“The NDC and government communications are trying to take credit for the cedi’s performance, but it’s not working despite the deployment of their favourite Professors, PhDs, and industry affiliates,” he stated.

He argued that the current relative stability of the cedi is largely due to policies introduced by the Akufo-Addo–Bawumia administration, particularly the Gold-for-Reserves program.

According to Richard Ahiagbah, other contributing factors include the recent rise in global commodity prices, especially gold, the suspension of external debt servicing under the government’s Domestic Debt Exchange Program (DDEP), and delayed payments to contractors.

He also cited broader international developments, such as ongoing U.S. trade tensions, as external influences on the cedi’s value.

However, Ahiagbah cautioned that these factors alone are not enough to ensure long-term currency stability.

“The government must get serious, stop the gimmickry, and implement policies to sustain the appreciation of the cedi,” he asserted.

Read his post below:

The NDC and government communications are trying to take credit for the Cedi's performance, but it's not working despite the deployment of their favorite Professors, PhDs, and industry affiliates.

The Cedi's current performance is in part due to the Akufo-Addo-Bawumia…

— Richard Ahiagbah (@RAahiagbah) May 19, 2025