You are yet to see true harsh state of NDC economy – Dr. Ishaq Brobbey tells Ghanaians

A lecturer at Kumasi Technical University, Dr. Ishaq Kyei Brobbey, has stated that the true state of Ghana’s economy under the National Democratic Congress (NDC) will only be known after the International Monetary Fund (IMF) program ends.

Speaking in an interview on Wontumi TV’s morning show with host Oheneba Nana Asiedu, Dr. Brobbey emphasized that the IMF’s financial and policy backing is currently cushioning the NDC government. He noted that once this support is withdrawn, Ghanaians will feel the full effects of the government’s economic decisions.

He pointed to the persistent depreciation of the Ghanaian cedi as a major concern, explaining that it is negatively impacting critical sectors such as mining, fuel, electricity, and VAT pricing.

“The depreciation of the cedi is hitting major mining companies hard. This ripple effect is increasing the prices of fuel, electricity, and goods and services across the board,” he said.

Dr. Brobbey also raised alarm over the upcoming Dumsor Levy, which is set to be introduced on Wednesday, July 16, warning that the new tax will further burden an already struggling economy.

While acknowledging a rise in economic growth and sustainability—now at 3% under the NDC government compared to 1% under the previous NPP administration—he cautioned that this growth may not be sustainable without continued external support.

“We will truly understand the strength or weakness of the NDC’s economic policy once the IMF is no longer holding things together,” he added.