General News of 2026-09-22
Alan Kyerematen cautions against 'premature' celebration of economic gains
United Party founder and leader, Alan Kyerematen, has cautioned against describing Ghana’s recent macroeconomic improvements as sustained economic stability, arguing that the gains must be maintained over a much longer period.
Speaking on The Point of View on Channel One TV on Monday, September 21, 2026, Kyerematen said the positive changes in key economic indicators are encouraging but warned the government against being too quick to celebrate their economic performance.
He said successive administrations, whether led by the National Democratic Congress (NDC) or the New Patriotic Party (NPP), often highlight improvements in the economy without paying enough attention to whether those gains are sustainable.
“I think part of the challenge of governments, whether it’s NDC or NPP is that, they are too quick to be praising themselves about what they’ve done. But I’m saying that you can’t call, you can’t describe two years of macro performance as stability. You need a longer period of sustained growth,” he said.
Kyerematen acknowledged Ghana’s current growth rate but said a longer period of strong economic expansion would be needed before the country could confidently speak of lasting macroeconomic stability.
He argued that maintaining annual economic growth of between 8% and 10% over a decade would provide a stronger basis for assessing the country’s economic performance.
“So, 6%, it’s good… but we need 10 years of at least 8% to 10% growth,” he said.
The United Party leader also argued that economic stabilisation and growth should not be viewed as separate or competing objectives.
According to him, government must work on both areas at the same time if Ghana is to achieve lasting economic progress.
“They are two sides of the same coin,” he added.
His comments come amid discussions over Ghana’s recent macroeconomic performance, including developments in economic growth and other key indicators.
Kyerematen’s position is that the durability of those improvements should be assessed over a longer period rather than through short-term changes in economic performance.
NA/VPO
