Alan Kyerematen, founder and leader of the United Party, warned on Monday that Ghana’s recent macroeconomic gains cannot yet be described as sustained stability. Speaking to Channel One TV, the former finance minister said the improvements in key indicators were encouraging but that governments should not rush to declare economic success after only two years.
Kyerematen noted that administrations, whether NDC or NPP, often celebrate short‑term performance without assessing whether those gains can be maintained. “You can’t call two years of macro performance as stability,” he said. “You need a longer period of sustained growth.”
He acknowledged that Ghana’s current growth rate is positive, yet argued that a more prolonged period of strong expansion is required to establish lasting macroeconomic stability. He proposed that an annual growth rate of between 8% and 10% over a decade would provide a more meaningful basis for assessment. “So 6% is good, but it’s a trend, and you cannot… So we need 10 years of at least 8% to 10% growth,” he added.
In addition, Kyerematen stressed that economic stabilisation and growth should not be treated as competing priorities. “They are two sides of the same coin,” he said, calling for simultaneous pursuit of both objectives to achieve sustainable progress.
As Ghana continues to navigate post‑pandemic recovery, the former finance minister’s remarks serve as a reminder that short‑term gains must be backed by long‑term policies to truly secure economic stability.
