Mahama Ayariga, the Majority Leader, declared that Ghana is experiencing its “fastest economic recovery in history.” He made this statement as Parliament resumed its session on Thursday. The country has successfully exited a program with the International Monetary Fund (IMF).
Mr. Ayariga attributed this recovery to a sharp drop in inflation. The Ghanaian cedi (GHS) currency has also shown stability. International reserves have been rebuilt. Public debt has decreased significantly, falling from 65 per cent to 45 per cent of the country’s total economic output, known as Gross Domestic Product (GDP), within one year. Mr. Ayariga credited the Finance Ministry and the Bank of Ghana (BoG) for their work. He suggested they steered the recovery effectively after challenges from the past administration.
This economic resurgence occurs as Ghana navigates its post-IMF program era. The country aims to maintain economic discipline and credibility. The government has committed to a Policy Coordination Instrument (PCI) with the IMF. This agreement acts as a non-financial advisory tool. It allows Ghana to develop its own economic plans while keeping international trust.
Mr. Ayariga stated that Parliament will review and approve necessary policies and legislation. This is to ensure Ghana does not need another IMF bailout soon. The Majority Leader highlighted a packed legislative agenda. This includes proposals for constitutional amendments. Forty-eight bills are scheduled for consideration. Among them are the Cyber Security Authority and Data Protection Bills. Twenty-six legislative instruments and other reports are also on the agenda.
The Majority Leader also celebrated Ghana’s improved position in the 2026 World Press Freedom Index, ranking 39th out of 180 countries. He also defended the judiciary’s role. Mr. Ayariga stressed the importance of responsible governance. He urged for accountability, honesty, and national unity, especially given regional instability.
With the IMF bailout concluded, Mr. Ayariga emphasized Parliament’s role in overseeing public spending. Funds should be directed towards productive sectors. He called for stricter enforcement of local content policies. Efforts will also focus on ending smuggling and implementing tax reforms to support local industries. The government plans to accelerate its 24-Hour Economy program to create more jobs for young Ghanaians. The Finance Minister is expected to provide a detailed update on the economy to Parliament.
Mr. Ayariga also extended congratulations to the Black Stars football team ahead of the 2026 FIFA World Cup. He also acknowledged the election of MPs Dr. Zanetor Agyeman-Rawlings and Mr. Frank Annoh Dompreh to leadership roles at the Pan-African Parliament. The detention of MP Ohene Kwame Frimpong in the Netherlands was also mentioned. Mr. Ayariga urged for restraint and respect for the principle of innocent until proven guilty in that matter.