COPEC Urges Caution Amid Ghana's Economic Recovery: No Room for Complacency

Duncan Amoah, Executive Secretary of the Chamber of Petroleum Consumers (COPEC), has issued a stern warning against premature celebrations regarding Ghana's economic recovery. Speaking on Channel One TV on January 10, 2026, he emphasized that while there have been notable improvements, the economy remains in a fragile recovery phase. Amoah highlighted that inflation has significantly decreased from over 54% in 2022 to 5.4% in December 2025, following a $3 billion reform program backed by the International Monetary Fund (IMF). However, he cautioned that the nation must exercise fiscal restraint and avoid the pitfalls of populism that have historically followed temporary economic gains. Amoah's remarks underscore the importance of consistent and prudent economic management to ensure that the benefits of recovery reach ordinary Ghanaians, rather than succumbing to the allure of short-term celebrations. He reiterated that the focus should remain on sustainable strategies to solidify these gains in the face of ongoing global economic challenges.