Majority Leader Mahama Ayariga has stated that Ghana’s economy has undergone a significant recovery under the administration of President John Dramani Mahama, insisting that recent macroeconomic gains reflect strong fiscal discipline and legislative backing.
He attributed the turnaround to policy coordination between the Executive and Parliament, arguing that lawmakers played a central role in approving key economic reforms.
“Every policy, legislation, and appropriation needed to produce this success story was carefully considered and approved by this House,” he told MPs.
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Speaking at the commencement of the Second Meeting of the Second Session of the Ninth Parliament on Thursday, Hon. Ayariga said Ghana is now entering a phase of stability following years of economic turbulence.
“We commence sitting at a profound moment of renewed hope and optimism in the country. This House should share in the glory of this moment,” he said.
The Majority leader also cited commentary attributed to policy analyst Franklin Cudjoe, which he said pointed to improvements in inflation, currency stability, and debt restructuring.
According to him, Ghana’s shift from an IMF Extended Credit Facility (ECF) programme to a Policy Coordination Instrument (PCI) arrangement reflects renewed international confidence in the economy.
The Majority Leader urged Parliament to remain vigilant in its oversight role as the government prepares to introduce additional reforms, including possible constitutional amendments arising from the ongoing constitutional review process.
He stressed that MPs must ensure that economic gains translate into job creation and improved living standards for citizens.
“Committees must monitor agencies they superintend over to ensure continued discipline and conduct conducive to national progress,” he said.
Mr. Ayariga called for strict enforcement of anti-smuggling measures and improved revenue mobilisation systems, warning against waste and inefficiency in public spending.
He also reaffirmed the government’s commitment to accelerating flagship initiatives such as the 24-hour economy policy, saying it would help absorb unemployed youth and stimulate industrial growth.
“The takeoff of the 24 Hour Economy will be accelerated to create the jobs we promised the youth of this country,” he said.
Touching on governance, Ayariga urged unity in Parliament, calling on both the Majority and Minority sides to prioritise national development over partisan interests.
“Beyond political parties, beyond ideology and beyond electoral competition, we remain one people with one destiny,” he said.
He also praised Ghana’s democratic credentials, referencing improvements in global press freedom rankings and describing them as evidence of institutional progress.
The Majority Leader outlined a heavy legislative agenda for the session, including the consideration of 48 bills, 26 statutory instruments, and numerous committee reports and oversight activities.