{"id":409183,"date":"2026-02-05T11:39:08","date_gmt":"2026-02-05T11:39:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/409183\/"},"modified":"2026-02-05T11:39:08","modified_gmt":"2026-02-05T11:39:08","slug":"reasons-why-ndc-has-the-best-economic-record-in-the-4th-republic","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/409183\/","title":{"rendered":"Reasons why NDC has the best economic record in the 4th Republic"},"content":{"rendered":"

\"Felix <\/a>Felix Kwakye Ofosu is the Minister of Government Communications<\/p>\n

The Minister of Government Communications and Member of Parliament for Abura-Asebu-Kwamankese, Felix Kwakye Ofosu, has outlined why the National Democratic Congress<\/a> (NDC) holds the strongest economic record in Ghana\u2019s Fourth Republic.<\/p>\n

In a social media post on February 4, 2026, Felix Kwakye Ofosu pointed to the 3.8% inflation rate in January 2026, the lowest since the rebasing of prices in 2021, as evidence of the party\u2019s track record. <\/p>\n

\u201cOn the back of the 3.8% inflation rate recorded for January 2026, it bears placing on record that the NDC has the best economic record under the Fourth Republic,\u201d he wrote. <\/p>\n

He highlighted the lowest inflation rate of 2.9% in April 1999 and the longest sustained single-digit inflation of 33 months from 2010 to 2012, demonstrating the party\u2019s ability to maintain price stability over time.<\/p>\n

Ghana’s inflation drops further to 3.8% in January 2026<\/a><\/p>\n

He also pointed to the NDC\u2019s economic growth, noting the 14.4% growth rate in 2011, which he described as a demonstration of strong economic management even in challenging conditions. <\/p>\n

On the strength of the cedi, Felix emphasised the party\u2019s record in currency appreciation, citing the highest annual cedi appreciation of 40.7% against the dollar in 2025. <\/p>\n

\u201cThere are those who make hubris-laden claims of preternatural economic management ability, but delivered the most disastrous outcomes in decades. Always check the records,\u201d he added.<\/p>\n

Felix also stressed the importance of strong foreign reserves and import cover, pointing to the largest reserves of $13.8 billion as of end-2025 and the highest import cover of 5.7 months, which helped ensure economic stability and Ghana\u2019s ability to meet international obligations.<\/p>\n

The Minister of Government Communications\u2019 statement follow the latest Consumer Price Index (CPI) data showing that Ghana\u2019s inflation rate fell to 3.8% in January 2026, marking the 13th consecutive monthly decline. <\/p>\n

The CPI rose to 262.3 in January 2026 from 252.6 in January 2025, translating into a year-on-year inflation rate of 3.8%, down from 23.5% in January 2025. On a month-on-month basis, inflation increased marginally by 0.2%, signalling relative price stability.<\/p>\n

Through these figures and historical records, Felix Kwakye Ofosu argued that the NDC\u2019s policies have consistently delivered fiscal stability, economic growth, and strong monetary management.<\/p>\n

Read the post below:<\/p>\n

On the back of the 3.8% inflation rate recorded for January, 2026, it bears placing on record that the NDC has the best economic record under the fourth republic as follows.<\/p>\n

Highest growth rate of 14.4% in 2011.<\/p>\n

Lowest inflation rate of 2.9% in April 1999.<\/p>\n

Longest sustained\u2026<\/p>\n

\u2014 Felix Kwakye Ofosu (@FelixKwakyeOfo1) February 4, 2026<\/a> <\/p>\n

AK\/AM<\/p>\n