Here’s a bold claim: the National Democratic Congress (NDC) has the most impressive economic track record in Ghana’s Fourth Republic. But what’s the evidence? Felix Kwakye Ofosu, Minister of Government Communications and Member of Parliament for Abura-Asebu-Kwamankese, recently laid out a compelling case on social media that’s worth unpacking—especially since it’s backed by hard numbers and historical context. And this is the part most people miss: it’s not just about growth; it’s about sustained stability and resilience in the face of global challenges.
In a February 4, 2026, post, Ofosu highlighted the 3.8% inflation rate recorded in January 2026—the lowest since Ghana rebased its prices in 2021. This, he argued, is a testament to the NDC’s ability to maintain economic balance. But here’s where it gets controversial: while critics often point to short-term fluctuations, Ofosu emphasizes long-term achievements, such as the 2.9% inflation rate in April 1999 and the unprecedented 33-month streak of single-digit inflation from 2010 to 2012. These milestones, he claims, showcase the party’s commitment to price stability—a cornerstone of economic health.
But here’s where it gets controversial: some argue that external factors, like global commodity prices, played a bigger role than policy decisions. What do you think? Is the NDC’s success purely internal, or is it a mix of smart governance and external luck?
Ofosu didn’t stop at inflation. He also spotlighted the NDC’s economic growth, particularly the 14.4% growth rate in 2011—a figure he describes as proof of robust economic management during turbulent times. Additionally, he noted the cedi’s remarkable 40.7% appreciation against the dollar in 2025, a record high that underscores the party’s ability to strengthen the national currency.
Foreign reserves? Ofosu pointed to the $13.8 billion in reserves by the end of 2025—the largest in Ghana’s history—and an import cover of 5.7 months, which he argues ensured economic stability and met international obligations. These figures, he says, are no accident but the result of deliberate, forward-thinking policies.
The latest Consumer Price Index (CPI) data supports his claims. Ghana’s inflation rate dropped to 3.8% in January 2026, marking the 13th consecutive monthly decline. The CPI rose to 262.3 from 252.6 in January 2025, reflecting a year-on-year inflation rate of 3.8%, down from 23.5% in January 2025. Even on a month-on-month basis, inflation increased by just 0.2%, signaling relative price stability.
But here’s the question that sparks debate: Are these achievements enough to crown the NDC as the undisputed champion of Ghana’s economic history? Or are there other factors—like social programs or infrastructure development—that should also be considered?
Ofosu’s post concludes with a challenge: “There are those who make hubris-laden claims of preternatural economic management ability, but delivered the most disastrous outcomes in decades. Always check the records.” It’s a call to scrutinize not just the NDC’s record but also the claims of its critics. So, what’s your take? Does the NDC deserve the title of best economic manager in the Fourth Republic? Let’s hear your thoughts in the comments!
