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Business News of Tuesday, 27 May 2025

    

Source: www.ghanawebbers.com

Mahama Ayariga hails “Forsonnomics”

Mahama Ayariga, the Majority Leader, praised the NDC government. He said it has achieved one of Ghana's fastest economic recoveries.

In his opening statement to Parliament, Ayariga noted a "national awakening" under President Mahama. He highlighted a strengthening cedi and decreasing inflation rates.

Ayariga commended Finance Minister Dr. Cassiel Ato Forson. He introduced the term "Forsonnomics" to describe the new economic direction.

"Our cedi has appreciated 24.1% against the US dollar since January 2025," he stated. "This isn’t just statistics; it’s real relief for families."

He shared figures showing significant drops in fuel prices and transport fares. Imported food prices have also decreased across the country.

The economic turnaround resulted from swift legislative action in Parliament's first session. Key reforms included removing the e-levy, carbon tax, and VAT on insurance.

They also restructured gold mining levies and fully allocated funds for education and health. Ayariga emphasized that "Ghana is being reset again" due to strong governance.

As Parliament begins its second meeting, he urged MPs to focus on fiscal prudence. He stressed the importance of revitalizing the private sector and consolidating the economy.

"The numbers speak for themselves," he said. "But it is the people’s renewed confidence that tells our recovery story."