Speaking on Accra-based Channel One Television, Dr. Sarpong noted that although the administration is still in its early days, certain key economic indicators show improvement and deserve acknowledgement.
According to him, the exchange rate, inflation, and interest rates have shown positive movement compared to recent trends, offering some relief to businesses and households.
“It is still very early, but there are clearly encouraging signs,” he said.
“When you look at the exchange rate, interest rates and inflation, one must be honest and admit that there has been improvement.”
However, the former GNPC boss urged Ghanaians to avoid rushing to conclusions about the long-term success of the government’s economic policies.
However, the former GNPC boss urged Ghanaians to avoid rushing to conclusions about the long-term success of the government’s economic policies.
He explained that while current interventions appear helpful, their sustainability remains an important question.
Dr. Sarpong pointed out that the government’s actions in the financial markets have sparked debate among economists and policy observers.
Dr. Sarpong pointed out that the government’s actions in the financial markets have sparked debate among economists and policy observers.
He stressed that such discussions should be approached carefully and with a broader understanding of the economic environment.
“There is an ongoing debate about whether some of these market interventions are the right approach,” he stated.
“There is an ongoing debate about whether some of these market interventions are the right approach,” he stated.
“But before passing judgment, it is important to examine the full range of factors involved.”
He added that economic recovery is often complex and influenced by both domestic and international conditions, making it necessary to assess performance over a longer period.
Dr. Sarpong’s comments come amid growing public interest in the direction of the economy following the change in government.
He added that economic recovery is often complex and influenced by both domestic and international conditions, making it necessary to assess performance over a longer period.
Dr. Sarpong’s comments come amid growing public interest in the direction of the economy following the change in government.
While some observers have praised recent stability in the currency and slowing inflation, others remain concerned about long-term fiscal discipline and debt management.