A communication team member of the ruling National Democratic Congress, Japhet Festus Gbede has strongly condemned the New Patriotic Party’s (NPP) recent criticisms of the National Democratic Congress (NDC) National Communications Director, who doubles as the CEO of Goldbod, Sammy Gyamfi, describing them as a display of “economic amnesia, intellectual bankruptcy, and political desperation.”

In a statement shared on his official Facebook page, Gbede dismissed the NPP’s claims regarding the alleged $214 million GoldBod loss as “laughably incompetent, flagrantly misleading, and absurdly shallow.”

According to him, the opposition party’s characterisation of valuation adjustments as a “loss” shows a fundamental misunderstanding of sovereign financial management.

“Calling valuation adjustments a ‘loss’ is clueless, reckless, and embarrassingly misinformed, a spectacle that insults the intelligence of every Ghanaian,” the statement reads.

Gbede added that the attacks on Sammy Gyamfi are politically motivated and rooted in envy and desperation rather than fact or principle.

He did not spare the NPP from criticism, highlighting what he called the party’s disastrous economic record.

“This is the same NPP that supervised the most catastrophic economic mismanagement in Ghana’s history, ballooned public debt to obscene levels, collapsed the cedi, strangled businesses, destroyed livelihoods, and finally dragged a proud nation to the IMF in humiliation,” Gbede stated.

The NDC communicator further argued that the NPP lacks moral authority and credibility to lecture anyone on governance, accountability, or economic management.

He described their sudden focus on fiscal prudence as “convenient, insincere, and utterly fraudulent,” pointing out that the party had previously presided over failed programs, reckless borrowing, and policy confusion.

Gbede concluded by asserting that Ghanaians deserve serious opposition that values intelligence, integrity, and honesty, rather than “recycled propaganda from those who nearly wrecked the republic.”