NDC confident of 2024 election victory if economic gains continue, says Asiedu Nketiah

The National Democratic Congress (NDC) is banking on sustained economic stabilisation and infrastructure development to secure victory in Ghana's next general election, according to party National Chairman Johnson Asiedu Nketiah.

Speaking on JoyNews' PM Express on Tuesday, Asiedu Nketiah said the government's progress on controlling inflation, cedi depreciation and other key economic indicators positions the NDC well for re-election. "I'm happy about what we have been able to achieve so far. I'm praying that we should be able to maintain the pace, or even improve from what we have done, and it will not be difficult for us to retain the seat," he stated.

Economic stabilisation as the cornerstone

The NDC chairman emphasised that macroeconomic management has been the government's strongest selling point. He highlighted progress in managing the cedi's depreciation, controlling inflation rates and improving key fiscal indicators including debt-to-GDP ratios and recurrent versus total expenditure ratios.

According to Asiedu Nketiah, a stabilised economy creates the foundation for broader development. "The fundamentals in the economy, because the stabilisation in the economy is the key prerequisite for you to achieve anything. If the economy is not stabilised the way we have tried to do, you can't do anything," he explained.

He linked lower inflation directly to reduced lending rates, arguing that businesses can only expand and create jobs when they access affordable capital and achieve profitability. "The interest rate is always related to the inflation rate," he noted, underscoring the connection between monetary stability and private sector growth.

Infrastructure and enabling environment

Beyond macroeconomic gains, the NDC chairman pointed to infrastructure development—particularly road construction—as complementary efforts to support economic activity. He described these projects as part of creating an enabling environment for sustainable growth and investment.

Why this matters for Ghana

Asiedu Nketiah's comments reflect the NDC's election strategy heading into 2024: presenting economic stabilisation as proof of competent governance. Ghana has faced significant economic challenges in recent years, including high inflation and currency depreciation that affected cost of living and business operations. If the party's narrative—that inflation and cedi pressures have been brought under control—resonates with voters, it could be pivotal in re-election efforts.

Conversely, if Ghanaians continue to experience economic hardship despite official data showing improvements, the disconnect between statistics and lived experience could undermine the NDC's messaging. The party's reliance on macroeconomic arguments also suggests limited confidence in other policy areas or that unemployment and job creation—critical concerns for many voters—remain unresolved.

The chairman's emphasis on maintaining pace rather than accelerating progress also signals caution; the NDC appears to be framing the election as a choice between continuity and uncertainty rather than promising dramatic transformation.