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.
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Source: www.myjoyonline.com
