Accra, Ghana – Thursday, March 27, 2026 – Ghana’s Majority Leader, Mahama Ayariga, declared in Parliament today that the nation is undergoing its “fastest economic recovery in history” under President John Dramani Mahama’s second administration. Speaking as Parliament resumed its Second Meeting of the Second Session of the Ninth Parliament, Mr. Ayariga announced the country’s successful exit from the International Monetary Fund (IMF) program, which he described as an achievement accomplished “with star-studded honours.” This declaration follows a period of significant economic shifts and the conclusion of a key IMF bailout agreement.
Economic Indicators Point to Recovery
Mr. Ayariga highlighted several key indicators to support his claim of rapid economic resurgence. He pointed to a substantial and swift decline in inflation rates, a notably stable Ghanaian Cedi, and a significant rebuilding of the nation’s international reserves. Furthermore, he reported a reduction in the public debt from 65 per cent to 45 per cent of the Gross Domestic Product (GDP) within the past year.
“The fastest economic recovery in Ghana’s history has been recorded and achieved by version 2.0 of the Mahama-led government,” Mr. Ayariga stated emphatically. He attributed this success to the diligent efforts of the Finance Ministry, under the leadership of Dr. Ato Forson, and the Bank of Ghana (BoG).
Navigating the IMF Landscape
The Majority Leader acknowledged that the country had inherited an IMF program that was “badly bruised” by the previous administration. However, he explained that the current government committed to a Policy Coordination Instrument (PCI) with the IMF. He characterized the PCI as a non-financial advisory tool, designed to allow Ghana to formulate and implement its own economic reforms while maintaining international credibility.
This strategic approach, Mr. Ayariga suggested, was a result of “masterstroke in economic diplomacy” backed by President Mahama, whose current focus is on building a lasting legacy and commanding national respect. He informed the House that Parliament would be tasked with approving the necessary policies, legislation, and appropriations to ensure Ghana’s sustained economic stability and prevent a return to the IMF in the near future.
Legislative Agenda and Parliamentary Duties
Looking ahead, Mr. Ayariga outlined a demanding legislative schedule for the current parliamentary session. He indicated that the government plans to introduce constitutional amendment proposals, stemming from the work of the Constitution Review Committee. Both entrenched and non-entrenched provisions of the constitution may be considered for review.
In total, 48 bills are slated for consideration during this meeting. Key among these are the Cyber Security Authority and Data Protection Bills. Additionally, Parliament will deliberate on 26 legislative instruments, statements, motions, and committee reports. Mr. Ayariga stressed the importance of parliamentary oversight, announcing that committees would conduct site visits to monitor government projects and ensure accountability across various Ministries, Departments, and Agencies (MDAs).
Democratic Progress and Judicial Defense
Beyond economic matters, Mr. Ayariga celebrated Ghana’s improved standing in the 2026 World Press Freedom Index, where the country jumped to 39th out of 180 nations. He lauded this achievement as a “profound democratic resurrection” under the National Democratic Congress (NDC) administration.
He also took the opportunity to defend the judiciary against recent criticisms, advocating for consistency and strict adherence to due process. “Mr. Speaker, the various occurrences in the sub-region that threaten democratic governance and stability make it imperative for us to govern accountably with honesty, maturity, patriotism, and national unity,” he urged.
Focus on Accountability and Domestic Industry
With the IMF bailout concluded, Mr. Ayariga emphasized Parliament’s crucial role in scrutinizing government spending. He called for a focus on ensuring that public funds are channeled into productive sectors of the economy. He also urged parliamentary committees to rigorously enforce local content policies, combat smuggling, and champion tax reforms designed to protect and strengthen domestic industries.
Economic Initiatives and International Engagements
The Majority Leader announced an acceleration in the rollout of the government’s “24-Hour Economy” program, aimed at creating substantial job opportunities for Ghana’s youth. The Minister for Finance is scheduled to provide a detailed briefing to the House on the latest economic developments.
In other news, Mr. Ayariga extended congratulations to Ghana’s Black Stars ahead of the 2026 FIFA World Cup, expressing the full support of Parliament and the nation for the team’s campaign in the US, Canada, and Mexico. He also commended Members of Parliament (MPs) Dr. Zanetor Agyeman-Rawlings and Mr. Frank Annoh Dompreh for their recent election to leadership roles at the Pan-African Parliament.
Addressing the detention of Mr. Ohene Kwame Frimpong, the Independent MP for Asante Akyem North in the Netherlands, over a US extradition request, Mr. Ayariga called for restraint and respect for the presumption of innocence. “No Parliament can operate without cooperation and collaboration,” he stated, highlighting the interconnectedness of parliamentary functions.
Looking Ahead
As Parliament prepares for its Easter break, the focus remains on the ambitious legislative agenda and the government’s commitment to economic consolidation. The coming months will be critical in observing the implementation of the 24-Hour Economy program and the effectiveness of new policies aimed at bolstering domestic industries. Parliament’s role in oversight and accountability will be paramount as Ghana navigates its post-IMF recovery phase and addresses constitutional reforms.
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