The Majority Caucus has defended the government’s economic record, citing a rapid turnaround driven by fiscal discipline, sound policy choices, and strategic reforms across key sectors.
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 nearly collapsed due to financial mismanagement and corruption, leaving district assemblies severely underfunded.
The Majority said the current government’s performance has since been recognised 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.
Majority Leader Mahama Ayariga also highlighted the GoldBod initiative as an innovative tool for leveraging Ghana’s natural resources to stabilise the currency, noting that it was unfortunate 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 legislation to establish a 24-Hour Economy Authority. The policy is described as central to driving industrialisation, expanding services, creating sustainable jobs, and complementing efforts to combat galamsey while restoring the environment.
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