Audio By Carbonatix
The Majority Leader, Mahama Ayariga, has commended President John Dramani Mahama and the National Democratic Congress for what he described as disciplined leadership that has restored economic confidence and eased pressures on households and businesses.
Addressing Parliament at the resumption of sittings, Mr Ayariga said the government’s handling of the economy during a challenging period deserved recognition.
Presenting an overview of Ghana’s fiscal and macroeconomic performance for 2025, the Majority Leader disclosed that the fiscal deficit had been contained at 1.8 per cent of GDP, while total public debt declined significantly from GHS 726.6 billion in 2024 to GHS 630.2 billion in 2025. Debt-to-GDP, he added, fell sharply from 68.7 per cent to 45 per cent.
“These are not abstract numbers,” Mr Ayariga said. “They represent improved debt sustainability and renewed confidence in the management of our economy.”
He also noted that inflation remained stable at 8 per cent, within the Bank of Ghana’s target range, while real GDP growth stood at 4.8 per cent.
A key highlight, according to the Majority Leader, was the unprecedented performance of the Ghanaian cedi. He told the House that the cedi appreciated by 32 per cent against the US dollar in 2025, marking the first such appreciation since the 2007 redenomination.
“This is a historic milestone and a clear signal that our stabilisation policies are working,” he stated.
Mr Ayariga said the easing of lending and Treasury bill rates had translated into tangible benefits for citizens, generating an estimated GHS 8 billion in national savings on interest costs. He maintained that the gains recorded so far laid a strong foundation for sustainable growth in 2026 and beyond.
Latest Stories
-
Ghana to expand digital traffic enforcement with Traffitech project, says Road Safety Commission
51 seconds -
Bright Simons raises concerns over Ghana’s energy strategy after Asharami Ghana commissioning
15 minutes -
Livestream: The Law discusses the ‘okada’ law
24 minutes -
SNIP-AFRICA partners gather in Accra to strengthen research on severe neonatal infections
60 minutes -
Zelensky accuses EU allies of ‘blackmail’ in oil pipeline row
2 hours -
Heavy rainstorm causes power outages in parts of Eastern Region
3 hours -
See the areas to be affected by ECG’s planned maintenance on Sunday, March 15
3 hours -
Israeli forces kill Palestinian couple and two of their children in occupied West Bank
3 hours -
12 arrested in Tamale anti-drug operation, abandoned baby rescued
4 hours -
Severe flooding kills 62 in Kenya, as heavy rains continue
5 hours -
Gov’t must apologise for changing 24-Hour Economy formula from ‘1-3-3’ to ‘4-1-9’ – Okyere Baafi
6 hours -
WiFT Ghana launched to empower 100 women through film and creative industry training
6 hours -
Ghanaian peacekeeper injured in Lebanon missile attack recovering – UN
6 hours -
2026 IWD: Underground Mining Alliance engages women entrepreneurs on rights, justice and economic empowerment
7 hours -
You can raise GHC300m for sanitary pads but can’t settle land compensation for Petroleum Hub project? – NPP MP slams gov’t
7 hours
