Dennis Miracles Aboagye has cautioned that Ghana’s economy remains fragile despite recent claims of stability.
Speaking on economic conditions, Aboagye stated that the country is still heavily dependent on imports, making it vulnerable to external shocks.
According to him, the structure of the economy has not significantly changed, as Ghana continues to rely more on foreign goods than locally produced ones.
“The economy is still vulnerable and import-dependent,” he stressed.
He explained that a large portion of money circulating within the country is used to pay for imports, which puts pressure on the local currency and limits economic growth.
Aboagye also questioned claims that the economy has become resilient, arguing that stability alone does not guarantee long-term strength.
“You cannot call an economy resilient when it is still largely dependent on imports,” he argued.
He further warned that Ghana’s economy remains exposed to global market forces, especially fluctuations in commodity prices such as gold, as well as movements in the US dollar.
According to him, any major external shock could quickly reverse the gains made in recent months.
The comments add to the ongoing national debate over the true state of the economy, as government officials maintain that recent policies have restored stability, while critics insist that deeper structural challenges remain unresolved.
