IERPP’s Dr Nyame-Baafi tells analysts to stop the “dishonesty” in analyzing Cedi’s performance

Analysts who attribute the Cedi’s performance to the Mahama government but reject issues about debt and blame that on the previous administration have received flak for their position they have taken on the performance of the local currency.

A Senior Research Fellow and development economist at the Institute of Economic Research and Public Policy (IERPP), Dr. Kwasi Nyame-Baafi, who slammed the critics in a Facebook post, could not bring himself to understand why critics are approbating and reprobating depending upon which subject matter is being discussed with respect to the Ghanaian currency.

The Ghana Cedi has recently gained strength against the US dollar.

While some analysts are attributing it to external factors, largely, a section of Ghanaians insist the policies of the Mahama administration have yielded these fruits, a position Dr. Nyame-Baafi and others have said is untenable.

Dr Nyame-Baafi said that “I often come across comments suggesting that the recent appreciation of the cedi is the result of external factors plus bold monetary and fiscal policies implemented this year — and I can’t help but pause.”

“When it comes to debt or economic challenges, the response is usually, ‘this government is just over 100 days old’ But when there’s a positive outcome, it’s suddenly attributed to current-year policy decisions?” he asked.

“Let’s be analytical and honest. The real questions we should be asking are:
• When was the 2025 budget presented?
• When did those policies begin implementation?
• Have they had enough time to take meaningful effect?” he further asked.

“The data matters. Context matters. Narrative without evidence is just spin,” he concluded.

 

The post IERPP’s Dr Nyame-Baafi tells analysts to stop the “dishonesty” in analyzing Cedi’s performance first appeared on 3News.

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