The Minority in Parliament has accused the ruling National Democratic Congress (NDC) of relying on rebranding instead of introducing new and effective economic policies, following reports of a $214 million loss under the Bank of Ghana’s Gold-for-Reserves programme.
Addressing the press on Monday, December 29, Ofoase Ayirebi MP, Kojo Oppong Nkrumah said the government has shown neither originality nor competence in its economic governance.
He claimed the administration has focused on renaming and repackaging existing policies while withholding critical details, only revealing them when prompted by the Minority.
“The truth about this government is that they have not introduced any superior economic ideas. All they have been doing is rebranding, renaming old things, and sometimes even hiding the details until we, the Minority, bring them to the public’s attention,” Oppong Nkrumah said.
He warned that such rebranding, without addressing structural challenges, could have serious consequences for the economy.
“Today they are relying on this rebranding. But rebranding without the requisite competence and attention to structural issues will be disastrous. When the IMF leaves by mid-2026 and they have finished repackaging inherited ideas, which new ideas will they introduce? Their instinct has been to capitalise on architectures innovated by the NPP—Gold-for-Reserves, Gold-for-Oil, Gold-for-Forex—and now they are running into massive losses that taxpayers will have to bear,” he added.