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Fuel Prices, Reserves, and the Cedi: Kwesi Pratt Defends John Mahama-Era Policies

GhanaPoliticsOnline.com by GhanaPoliticsOnline.com
August 3, 2025
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Kwesi Pratt Jnr. has pushed back against claims by the opposition regarding the Mahama administration’s economic performance, describing many of the accusations as “political jabs lacking factual basis.”
The seasoned journalist dismantled criticism surrounding Ghana’s international reserves, fuel pricing, and foreign exchange management — all areas recently targeted by opposition figures.
“The opposition isn’t challenging the figures. They admit Ghana has $11.12 billion in reserves but argue about who takes credit. That’s not a lie; that’s a political contest,” Pratt argued On Metro TV’s Good Morning Ghana monitored by MyNewsGh.
In response to claims that a so-called “Dumsor levy” had pushed fuel prices up, he countered:
“Fuel prices are actually lower today than they were in January. So what exactly is the complaint? What is the value of that argument?”
He also addressed opposition concerns that Bank of Ghana interventions were artificially propping up the cedi’s value.
“Governments across the world intervene in their forex markets to stabilize their currency. That’s not manipulation — that’s responsible policy,” Pratt said.
Touching on debt management, he refuted the suggestion that the drop in Ghana’s debt-to-GDP ratio was misleading.
“The figures are not in dispute. They admit the reduction but want to argue it’s due to Mahama’s earlier restructuring. So again, it’s about credit — not credibility,” he emphasized.
Kwesi Pratt concluded by calling for a more honest and empirical analysis of economic data, urging Ghanaians to read beyond headlines and scrutinize the actual content of political arguments.

 

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