A recent statement by Johnson Asiedu Nketiah has stirred debate. He said the dollar has now been “arrested,” but it took someone eight years of trying and failing to do it.
The message is aimed at Mahamudu Bawumia and the New Patriotic Party administration. During their time in office, stabilizing the cedi against the dollar was a major promise. But critics argue that after eight years, the results did not meet expectations.
Now, under the National Democratic Congress government, supporters claim progress has come faster within about two years. That contrast is what gives the statement its bite.
But beyond party lines, the real issue is performance.
Currency stability affects everyone. When the dollar rises, prices follow. So people don’t just care who says what they care about results they can feel in daily life.
Supporters of the current government see this as proof of better economic management. On the other hand, some argue that global conditions, not just leadership, play a big role in exchange rate movements.
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