Godwin Edudzi Tameklo, Chief Executive of the National Petroleum Authority (NPA), has lauded the Economic Management Team (EMT) of the Mahama administration for its “stellar performance”.
He says the team’s ability to stabilise the economy, following the mess left by the Akufo-Addo/Bawumia administration shows how prudent they have handled things.
According to him, “before the 2020 election, President Akufo-Addo through whatever instrumentality had set up a committee to advise the Government on fixing the depreciation” of the cedi due to how it was deteriorating.
However, he says the previous IMF programme that the NDC entered into was supposed to end in 2019, which gave the then administration the room to start “spending recklessly.”
Speaking on the BigIssue segment on the NewDay morning show on TV3 Monday, May 18, 2026, Mr. Tameklo noted that “by close of 2020, if you look at the numbers, our budget deficit went to 15%, the highest in the whole of the West African sub-region.”
He explained that the NDC learned from what happened previously, the reason the government is considering a Policy Coordination Instrument (PCI) after exiting the IMF’s Extended Credit Facility (ECF).
“When the NDC came into power in 2025, we realised that there was an IMF programme entered into by the previous administration. We also realised that there was an economy that had to go through a DDEP but President John Mahama decided to think outside the box.”
He explained further that the team put up by the President to handle the economy did a yeomen job. The NDC’s Director of Legal Affairs noted that the team’s prioritisation of economic stability is commendable.
“The team that he (President Mahama) had to put together to manage the economy post 2024 December, led by Ato Forson, the Finance Minister, governor Asiama and all the people within the economic space have so far done so well that what they decided to do is to put stability, fiscal consolidation first.”
Mr. Tameklo noted that Ghana’s economy has now become attractive to the global community, commending the team for doing a great job.
“Today, the Ghanaian economy has become the toast of everybody. In fact I have heard the EU leader made the point that this is a good time to invest in Ghana. So the economic turnaround that we have seen in 15 months is a wonder. Many people are wondering, how have we been able to achieve this stellar performance within this period?” he quizzed.
COVID-19 was a blessing to Ghanaian economy – Edudzi Tameklo
