The Member of Parliament for Okaikwei Central Constituency in the  Greater Accra Region, Mr Patrick Boamah, has called on the Bank of Ghana (BoG) to suspend its continuous injection of foreign exchange into the economy, arguing that the practice masks underlying economic challenges.

Speaking to Accra-based Cit FM on Wednesday, January 28, Mr. Boamah said the economy should be allowed to adjust naturally to achieve stability that genuinely reflects the cost of living.

He questioned the long-term impact of the Central Bank’s interventions, noting that an estimated $10 billion injected into the forex market could have been channelled into critical infrastructure development.

“The economy must be allowed to run on its legs so that we know where we are, rather than putting the economy on steroids,” he said.

“If you tell me the economy is good and inflation is at 5 per cent, yet prices are not stable and keep changing, then there is a problem.

There is a disconnect.”

His comments follow disclosures that the Bank of Ghana injected about $10 billion into the foreign exchange market between January and December 2025.

The funds were sold to commercial banks and businesses to meet dollar demand, a move authorities say played a key role in stabilising the cedi.

The intervention, which spanned from January to the first week of December 2025, forms part of what BoG officials have described as a sustained “dollar intervention” strategy to support the local currency.