Ghana's economy rebounds, cedi strengthens, fuel prices decline - Gallant Cadres praise Mahama's leadership

As fuel prices begin to fall with the cedi gaining strength against major trading currencies, the Gallant Cadres of the National Democratic Congress (NDC) have issued a strongly worded statement praising President John Dramani Mahama for his leadership thus far.

In a release issued and signed by the PRO, Mr. Richrad E. A. Sarpong, affectionately called Father Casford, on Sunday, 4th May, 2025, it was noted that Ghana has witnessed a significant economic turnaround under the administration of President John Dramani Mahama.

"The Ghanaian Cedi has appreciated against major trading currencies like US dollar", stated. Adding, consequently, prices of fuel at the pumps have seen a decline, signaling the effectiveness of the government's recent economic policies. "The Economic Management Team headed by Prof. Jane Naana Opoku Agyemang is really up to task; fuel prices have dropped five consecutive times at the pump," it averred.

Furthermore, the release pointed out that as of May 2, 2025, the Ghana Cedi was trading at GH¢13.9070 per dollar, a notable improvement from previous rates. This appreciation, according to the Cadres, reflects increased investor confidence and the success of the fiscal measures implemented by the current administration.

Below is the full press release;

Press Release
To All Media Houses
The Gallant Cadres of NDC

0208573712
0243179445
0542002741

A Resurgent Economy: GH Cedi Strengthens And Fuel Prices Decline Under Mahama's Leadership

Ghana has been witnessing a significant economic turnaround under President John Dramani Mahama's administration. The Ghanaian Cedi has appreciated against the trading currencies like US dollar Consequently, fuel prices at the pumps have seen a decreased, signaling the effectiveness of the government's recent policies. The Economic Management Team headed by Prof Jane Naana Opoku Agyemang is really up to task. Fuel prices have dropped five consecutive time at the pump.

As of May 2, 2025, the GH Cedis was trading at GH¢13.9070 per dollar, a notable improvement from previous rates. This appreciation reflects increased investor confidence and the success of fiscal measures implemented by the current administration.

In addition to the strengthening Cedi, fuel prices have seen a downward trend. Starting from April 16, 2025, Oil Marketing Companies reduced petroleum product prices, providing relief to consumers nationwide.

Projections indicate further reductions in May and June, with Petrol and Diesel prices potentially reaching GH¢13–14 per litre.These positive developments contrast sharply with the economic challenges faced under the previous administration, where the Cedi depreciated by over 17% in 2024. The John Dramani Mahama Opoku Agyemang Government's strategic initiatives, including the Gold-for-Oil program and prudent fiscal management, have been instrumental in reversing these trends.

The Gallant Cadres of NDC commend President Mahama for his decisive actions in stabilizing the economy. The leadership of the Economic Management Team has restored confidence among Ghanaians, and we anticipate continued progress under his guidance.These achievements mark a new era of economic stability and growth for Ghana, setting the nation on a path toward prosperity.

Comrade Richard E A Sarpong, Father Casford. The PRO, 0208573712

Ohemaa Akosua Borngreat, Deputy PRO, 0243179445

Mr F Kadan, Secretary, 0242276044

Chairman, Carrick Kpeglo. 0542002741