Dr Daniel Augustus Lartey Junior, Economist
The 2024 Presidential Candidate for the Great Consolidated Popular Party (GCPP), Dr Daniel Augustus Lartey Junior, has expressed optimism about Ghana’s economic prospects, highlighting recent gains in the strength of the local currency and an increase in the country’s gold reserves.
According to the economist, the Ghanaian cedi has appreciated by 16% against the US dollar, a significant development that reflects positively on the country’s economic trajectory.
Speaking in an interview with the media on May 26, 2025, He noted that Ghana’s credit rating has also improved, moving from a default status to an ACC plus, which he described as a major achievement.
Dr Lartey attributed this progress to the bold economic policies of the current government, which he said have helped stabilise and strengthen the economy.
Among the key contributors to the improvement, he highlighted the increase in gold reserves as a major factor.
He explained that the foundation for this success was laid by the previous administration through initiatives like the “Oil for Gold” programme, which aimed to stabilise the economy by building gold reserves.
The current government, he added, has continued and expanded these efforts, increasing Ghana’s gold reserves from 8.7 metric tons to 30 metric tons.
Dr Lartey emphasised that this increase in reserves has helped boost the country’s foreign exchange position and supported the cedi’s strength.
“This development provides the government with the fiscal space needed to invest in critical infrastructure such as roads, schools, and hospitals,” he said.
In addition to economic matters, Dr Lartey also touched on the importance of public health, particularly women’s health.
He stressed that women’s health and hygiene are vital to national development and expressed hope that the government will continue to prioritise improvements in this area.
He reaffirmed his optimism about Ghana’s economic outlook.
According to him, he believes that the ongoing efforts by the government to build the economy will continue to bear fruit, leading to enhanced infrastructure and an improved quality of life for Ghanaians.
AM/KA