Dollar Decline Began Before Power Transition — Owusu Amankwah Says Trend Not Tied to NDC Rule

Former Manhyia North MP, Collins Owusu Amankwah, has argued that the recent decline in the value of the US dollar relative to the Ghanaian cedi began before the National Democratic Congress (NDC) took over governance.

Speaking in an interview on Kessben FM, Owusu Amankwah stated that the dollar had already begun to weaken against the cedi while the New Patriotic Party (NPP) was still in office, asserting that the trend was not a result of any single administration’s policies.

“The dollar was already depreciating versus the cedi when the NPP was handing over to the NDC,” he said, emphasizing that current exchange rate trends are largely shaped by broader global market dynamics rather than the decisions of the incoming government.

He further claimed that had the NPP remained in power, the dollar’s value against the cedi would not be significantly different from what it is today.

“Even if it was the NPP in government now, the dollar would be where it is today,” he noted, attributing the currency’s performance to macroeconomic trends rather than partisan influence.

Owusu Amankwah’s remarks add to ongoing public debate over which government deserves credit—or blame—for recent currency movements, amid attempts by both political sides to shape the economic narrative.

Credit: kessbenonline.com