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“It’s not about propaganda or gaslighting, but how Ghanaians feel” – Prof Gyampo on economy

News"It’s not about propaganda or gaslighting, but how Ghanaians feel" – Prof Gyampo on economy

Chief Executive Officer (CEO) of the Ghana Shippers’ Authority (GSA) Prof Ransford Gyampo, has said all the politics of gaslighting and propaganda can be done on the economy, but it is about how ordinary Ghanaians are feeling.

Prof Gyampo recalled that under the former Akufo-Addo government, Ghanaians complained about how things were bad, but the Ghanaian people were told things were good.

He noted that the 2024 election pattern clearly corroborated what the Ghanaians were saying.

Speaking on TV3’s The Key Points programme on Saturday, August 2, 2025, Prof Gyampo detailed, “We should know that to every coin, there are two sides: the politics of gaslighting and the politics of propaganda. We should know that we can do this in a flexible democracy, but as time goes on, democracy grows, and the people who are the target of gaslighting and propaganda also grow.

 At one point in time, when we were saying things were very bad, those in power were saying things were very good, and it was a certain tug of war, but in the election, the discerning Ghanaians gave a certain voting pattern that corroborated what we were saying, that things were very bad”.

He added, “Now that things are also good, or things are improving, we are told nothing is being done, and it is not reflective of anything. I live it to the Ghanaian because at the end of the day, it is not about propaganda or gaslighting, it is about what the Ghanaian feel.

I ask myself if things improve, who benefits? Is it NPP or NDC? Is it Ghanaians who benefit? We all stand to gain, and so my view is that rather than sounding cynical, rather than being pessimistic, the best thing to do as a people pat those who are doing it on the shoulder and to encourage them that continue”.

Prof Gyampo further revealed he asked Ato Forson how he is managing the Ghanaian economy, and he recalled Ato Forson stated he is disciplined, not greedy and has the support of President Mahama.

He added, “When there are gains, we all stand to gain. I went to Ato Forson, and I asked how are you doing this, He said Prof, I am disciplined, I am not greedy, and I have the support of the president this are the three things.

I went to the President, too, and he said Ransford, I know you will deliver, so keep on. My view is that rather than sounding pessimistic, let us rather encourage so that things are done in a manner that will translate into tangible developmental outcomes”.

His comment came after Dr Joshua Zaato, a co-panellist on TV3 Key Point, suggested that Ato Forson’s real challenges will come in the third and fourth years.

Dr Joshua Zaato, a political Science lecturer at the University of Ghana, stated Dr Cassiel Ato Forson real test will begin in the third and fourth years.

According to Dr Zaato, every finance minister in their first and second year is able to manage their books well.

Dr Zaato noted that the real test begins in the third and fourth years, whether Ato Forson can maintain his discipline.

He quizzed whether Ato Forson can defy his own government and political party during the election year when the campaign begins.

Also speaking on TV3’s The Key Points programme Dr Joshua Zaato stated, “Every finance minister who comes in runs a very good first year; they all do, they are able to get their books in order, and they are able to do well in the first year. In fact, sometimes they even run a very good second year.

The problems begin, or the real test of a finance minister begins in the third and fourth year, when campaigns are beginning. Can a finance minister defy his own president or his own government in those years to still keep the discipline Joe Jackson was talking about?”  

He added, “Can the Finance Minister refuse to spend or refuse to spend a lot of money on projects when he knows that it is not good? I think that is the real test”.

Meanwhile, the Ghanaian cedi has continued its current stability against foreign currencies. The cedi in August is trading at GH¢10.50 to US$1 on the interbank market.

In related news, Ghana’s inflation for June 2025 dropped significantly to 13.7% from 18.4% recorded in May 2025, with the finance minister firmly of the believe Ghana will end 2025 with single-digit inflation. 

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