The Minister of State in charge of Government Communications, Felix Kwakye Ofosu, has blamed Ghana’s recent economic challenges on what he described as fiscal recklessness under the former Akufo-Addo-led New Patriotic Party (NPP) administration.
Speaking at the Africa-Singapore Business Forum on Monday, August 25, 2025, Mr. Kwakye Ofosu argued that overspending and poor fiscal discipline during the NPP era significantly contributed to the country’s financial decline.
“One of the problems that precipitated the economic decline in the very recent past under the NPP was fiscal indiscipline, the tendency to live outside of our means and spend more than we earn,” he stated.
Mahama Government Taking a Different Approach
The Minister emphasized that the current John Mahama-led administration has adopted a more prudent approach to managing national resources. He noted that government expenditure is now directed at critical sectors of the economy rather than on what he described as “lavish and wasteful spending.”
“We are not spending beyond our means, we are not spending lavishly. We are spending on critical sectors,” he stressed.
As an example, Mr. Kwakye Ofosu highlighted the government’s cost-saving efforts at the Singapore forum, pointing out that Ghana’s delegation was limited to just three or four ministers of state—unlike the “large delegations” that typically accompanied former President Akufo-Addo on foreign trips.
Political Confidence Ahead of 2025 Elections
On the political front, the Minister reaffirmed the National Democratic Congress’ (NDC) confidence going into the upcoming elections. He pledged the party’s commitment to securing victory in key constituencies, particularly Akwatia, where he declared that the NDC would deliver a win for Dr. Edward Omane Boamah.
“NDC will honour Dr. Edward Omane Boamah with the Akwatia seat victory,” he declared.
The remarks come at a time when Ghana’s economic recovery remains a top national issue, with government assuring citizens of fiscal discipline, reduced government spending, and focused investments in growth-driving sectors.
