Sustained economic stability cannot be claimed from just two years of improved macroeconomic performance, founder and leader of the United Party, Alan Kyerematen, has said.
He argues that Ghana needs a much longer period of growth to establish stability. Mr Kyerematen believes although recent improvements in key economic indicators are encouraging, governments are often too quick to celebrate.
He said this in an interview on Channel One TV on Monday, September 21, 2026, where he cautioned against rushing to declare economic success.
“I think part of the challenge of governments, whether it’s NDC or NPP, they are too quick to be praising themselves about what they’ve done. But I’m saying that you can’t call, you can’t describe two years of macro performance as stability. You need a longer period of sustained growth,” he said.
While acknowledging that Ghana’s current economic growth rate is positive, he maintained that the country needs a more prolonged period of strong expansion to establish lasting stability.
According to him, achieving annual growth of between 8% and 10% over a decade would provide a more meaningful basis for assessing the economy’s performance.
“So 6%, it’s good, but I’m saying that it’s a trend, but you cannot… So we need 10 years of at least 8% to 10% growth,” he added.
He also argued that economic stabilisation and growth should not be treated as competing priorities, stressing that government must pursue both simultaneously to achieve sustainable progress. “They are two sides of the same coin,” he said.
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