The Chief Executive Officer of Dalex Finance, Joe Jackson, has rejected suggestions by the New Patriotic Party (NPP) that the governing National Democratic Congress (NDC) is benefiting from economic policies introduced by the previous administration.

Speaking on The Big Issue on Channel One TV on Saturday, February 28, Mr Jackson admitted that the cedi began showing signs of stability in the latter part of 2024. However, he argued that the sustained stability currently being experienced is the result of fiscal discipline under the present government.

According to him, while the currency moved from a peak of around 17 to about 15 in 2024 and remained relatively stable, the continued improvements stem from deliberate restraint in public borrowing and spending.

He explained that the reduction in interest rates reflects a conscious decision by authorities to limit borrowing to acceptable levels, refusing to take funds above predetermined ceilings and only accessing financing within manageable bands.

Mr Jackson’s remarks follow comments by Minority Leader Alexander Afenyo-Markin, who urged President John Dramani Mahama to acknowledge the contributions of former Vice President and NPP flagbearer Mahamudu Bawumia to Ghana’s recent economic progress.

In his response to the 2026 State of the Nation Address, Mr Afenyo-Markin contended that although the President outlined notable achievements, he did not credit Dr Bawumia for conceptualising the gold-for-reserve policy, which he described as a key driver of the country’s economic recovery.