Majority Leader in Parliament, Mahama Ayariga, has praised the Finance Minister, Dr Cassiel Ato Forson, for what he described as a strong and positive 2026 Mid-Year Budget Review, assuring him of Parliament’s support in implementing government’s economic agenda.
Speaking after the budget presentation in Parliament, Mr Ayariga said the measures outlined by the Finance Minister showed signs of economic recovery under the Mahama administration.
“Clearly, Ghana is working again,” he stated.
He assured the Finance Minister that Parliament would support the passage of the necessary legislation required to implement the government’s policies.
“This House will definitely go through the Bills and ensure the passage of the Bills presented by the Finance Minister,” he added.
During the presentation, Dr Cassiel Ato Forson highlighted improvements in Ghana’s economic indicators, including increased investor confidence, a stable cedi, a reduction in the policy rate, and progress towards meeting the government’s fiscal targets.
The Finance Minister said the international capital market had begun inviting Ghana to return, a development he attributed to improved economic management.
“The market is inviting us back, but I want to assure you that we are not in a hurry,” Dr Forson told Parliament.
He explained that government would only return to the capital market when conditions were favourable and in the best interest of the country.
Dr Forson also stated that the implementation of the 2026 Budget was progressing as planned, noting that the reduction of the policy rate to 14% was creating opportunities for businesses to access cheaper credit and expand.
“Lower policy rate is creating room for investors to expand,” he said.
According to the Finance Minister, the cedi has stabilised and Ghana has achieved its first-half targets for 2026, putting the country on course to meet its end-of-year fiscal goal of a 1.5% budget deficit-to-GDP ratio.
“The 2026 budget is firmly on track… Ghana has achieved its targets for the first half of the year 2026, and is on track to achieve our end-year target,” he stated.
He further said confidence in the economy had been restored, with major macroeconomic indicators showing significant improvement due to what he described as sound economic discipline.
Dr Forson argued that Ghana’s economic recovery was the result of effective policy decisions rather than debt restructuring alone, explaining that restructuring only provides fiscal space while discipline ensures long-term stability.
He noted that the economy inherited by the Mahama administration was in a difficult state but insisted that prudent policies had helped the country “turn the corner” and begin a path towards recovery.
