MP for Nsawam-Adoagyiri, Frank Annoh-Dompreh
The Minority Caucus has expressed concern that Ghana is returning to what it describes as dangerous over-reliance on commodity prices to sustain economic stability.
In its latest statement, the Caucus warned that improvements in macroeconomic indicators are being driven largely by global gold prices rather than domestic structural reforms.
The statement commended the Centre for Democratic Development (CDD-Ghana) for initiating a one-year performance review of the Mahama administration, but urged civil society groups to examine “methods, costs and sustainability” beyond headline figures.
“Without subjecting recent developments to these three tests, national discourse is reduced to slogans, not governance,” the Minority stated.
On the cocoa sector, the Caucus claimed farmers are losing more than GH¢1,000 per bag due to structural changes in trading systems and the removal of stabilisation and hedging buffers.
“Economic resets that shift global market risks onto vulnerable farmers are not reforms; they are policy injustice,” the statement said, adding that the Minority had formally demanded corrective measures.
The Caucus further criticised what it termed declining fiscal performance, alleging that revenue-to-GDP ratios had dropped from 16 percent to 11 percent by the third quarter of last year.
It argued that fiscal consolidation “built on collapsing revenue is not reform; it is institutional contraction and state weakness”.
Ending on a cautionary note, the Minority stated that “this is not economic resilience; it is renewed commodity dependence and a return to old structural vulnerabilities”.
It urged continuous and technical national accountability, insisting that “Ghana deserves methods that work, costs that are justified, and sustainable policies.”
Meanwhile, watch GhanaWeb’s exposé on the ‘dark side of Kayamata’ and its devastating impact
