Felix Kwakye Ofosu is the Minister of Government Communications
The Minister of Government Communications and Member of Parliament for Abura-Asebu-Kwamankese, Felix Kwakye Ofosu, has outlined why the National Democratic Congress (NDC) holds the strongest economic record in Ghana’s Fourth Republic.
In a social media post on February 4, 2026, Felix Kwakye Ofosu pointed to the 3.8% inflation rate in January 2026, the lowest since the rebasing of prices in 2021, as evidence of the party’s track record.
“On the back of the 3.8% inflation rate recorded for January 2026, it bears placing on record that the NDC has the best economic record under the Fourth Republic,” he wrote.
He highlighted the lowest inflation rate of 2.9% in April 1999 and the longest period of sustained single-digit inflation of 33 months from 2010 to 2012, showing the party’s ability to maintain price stability over time.
He also pointed to the NDC’s economic growth, noting the highest growth rate of 14.4% in 2011, which he described as a demonstration of strong economic management even in challenging conditions.
On the strength of the cedi, Felix emphasized the party’s record in currency appreciation, citing the highest annual cedi appreciation of 40.7% against the dollar in 2025.
“There are those who make hubris-laden claims of preternatural economic management ability but delivered the most disastrous outcomes in decades. Always check the records,” he added.
Felix also stressed the importance of strong foreign reserves and import cover, pointing to the largest reserves of $13.8 billion as of end-2025 and the highest import cover of 5.7 months, which helped ensure economic stability and Ghana’s ability to meet international obligations.
The Minister of Government Communications’ statement follow the latest Consumer Price Index (CPI) data showing that Ghana’s inflation rate fell to 3.8% in January 2026, marking the 13th consecutive monthly decline.
The CPI rose to 262.3 in January 2026 from 252.6 in January 2025, translating into a year-on-year inflation rate of 3.8%, down from 23.5% in January 2025. On a month-on-month basis, inflation increased marginally by 0.2%, signaling relative price stability.
Through these figures and historical records, Felix Kwakye Ofosu argued that the NDC’s policies have consistently delivered fiscal stability, economic growth, and strong monetary management.
Read the post below:
On the back of the 3.8% inflation rate recorded for January, 2026, it bears placing on record that the NDC has the best economic record under the fourth repulic as follows.
Highest growth rate of 14.4% in 2011.
Lowest inflation rate of 2.9% in April 1999.
Longest sustained…
— Felix Kwakye Ofosu (@FelixKwakyeOfo1) February 4, 2026
AK/AM
