The Majority Caucus has defended the government’s economic record, pointing to a rapid turnaround driven by fiscal discipline, sound policy choices and strategic reforms across key sectors of the economy.
It noted that by the end of 2024, critical systems such as the National Health Insurance Scheme, Free Senior High School and decentralised governance had all but collapsed due to financial mismanagement and corruption, leaving district assemblies severely underfunded.
The Majority said the current government’s performance has since been acknowledged by international institutions, including the International Monetary Fund, the World Bank and global credit rating agencies, citing improvements in inflation, exchange rates and foreign reserves.
This was made known in a statement issued by the Majority Leader, Mahama Ayariga.
Mr Ayariga highlighted the GoldBod initiative as an innovative tool for leveraging Ghana’s natural resources to stabilise the currency, saying it was unfortunate that such ideas never emerged under the economic management team led by former Vice President Dr Mahamudu Bawumia.
Looking ahead, the Majority said Parliament will, in early February, pass the legislation to establish a 24-Hour Economy Authority, describing the policy as central to driving industrialisation, expanding services and creating sustainable jobs while complementing efforts to combat galamsey and restore the environment.