Thursday, 29 May

Mahama Ayariga hails “Forsonnomics”

Business
Ato Forson

Mahama Ayariga, Majority Leader, has credited the NDC government with engineering one of the fastest economic recoveries in Ghana’s recent history. 

In his opening statement to Parliament, Ayariga declared that Ghana is witnessing “a national awakening” under President Mahama, marked by a surging cedi and falling inflation. 

He singled out Finance Minister Dr. Cassiel Ato Forson for praise, introducing the term “Forsonnomics” to describe the country’s new economic direction.

“Our cedi has appreciated 24.1% against the US dollar since January 2025,” Ayariga said.

“This isn’t just statistics—it’s translating into real relief for Ghanaian families.” 

According to figures he shared, fuel prices and transport fares have significantly dropped across the country, with imported food prices following suit.

The economic turnaround was attributed to swift legislative action during the first session of Parliament. 

Key reforms included scrapping the e-levy, carbon tax, and VAT on insurance, as well as restructuring gold mining levies and releasing full allocations to education and health funds. Ayariga emphasised that “Ghana is being reset again” thanks to the Majority’s resolute governance.

As Parliament begins its second meeting, the Majority Leader urged MPs to remain focused on fiscal prudence, private sector revitalisation, and economic consolidation. 

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

Source: Classfmonline.com/Cecil Mensah