Janet Nabla, Founder and Leader of the People’s National Party (PNP), has credited former Finance Minister Ken Ofori-Atta with the recent stabilisation of the Ghana cedi, while dismissing the current NDC administration’s contribution as negligible.
In a statement shared on social media and in interviews, Nabla argued that the cedi’s improved performance — which has seen headline inflation drop to 3.8% in January 2026 (the lowest in nearly 27 years) and the currency holding relatively steady — is largely the result of policies and foundations laid under the previous NPP government.
“Ken Ofori-Atta is the one responsible for the cedi stabilisation we are experiencing now. The NDC have done nothing,” she stated.
She pointed to the significant disinflationary trend, falling borrowing costs following the Bank of Ghana’s rate cuts, and the broader macroeconomic correction that began after the 2023 debt restructuring and IMF-supported programme as evidence of continuity from the previous administration’s efforts.
Nabla further argued that the NDC government has not introduced any major new policy measures or structural reforms that can be directly credited with the current price and currency stability.
Her comments come amid ongoing political debate over who deserves credit for Ghana’s improving macroeconomic indicators in early 2026, including single-digit inflation, reduced exchange rate volatility, and stronger export earnings (especially from cocoa and gold).
The PNP leader’s position aligns with several voices within the NPP who have claimed that the current stability is the “fruit” of difficult decisions taken between 2022 and 2024, including the domestic debt exchange programme and fiscal consolidation efforts.
