Parliament adjourned on Friday July 31, 2026, with a strong defence of the nation’s economic trajectory, as Deputy Majority Leader and MP for Cape Coast South, Hon. George Kweku Ricketts-Hagan, asserted that the administration’s stringent policy measures are paying off.
Delivering the Majority’s closing address on behalf of Majority Leader Hon. Mahama Ayariga, the Cape Coast South lawmaker emphasised that recent economic strides were far from coincidental.
Instead, Ricketts-Hagan maintained that the positive momentum stems directly from discipline, sacrifice, and the collective resolve of the Ghanaian people.
Highlighting the strategy behind the recovery, the legislator noted that lasting macroeconomic stability cannot be fast-tracked through makeshift solutions, but requires prudent leadership, responsible government, and sound public policy.
While the Deputy Majority Leader refrained from detailing specific statistical indicators during his address, he firmly portrayed the current austerity measures as vital interventions required to safeguard long-term financial resilience.
The Majority Leader, Mahama Ayariga, also defended the 2026 Mid-Year Budget Review, insisting the government’s economic performance must be judged on cold facts rather than partisan rhetoric.
Responding to criticisms from the Minority Caucus, Ayariga maintained that the Majority holds a duty to present an objective assessment of national progress and will resist efforts to misrepresent key achievements.
He accused the opposition of cherry-picking figures presented by the Finance Minister, emphasizing that positive shifts in key indicators stem from deliberate policy decisions rather than political spin.
Ayariga dismissed assertions that government achievements were exaggerated, maintaining that administration measures have stabilized the economy and paved the way for sustainable growth.
Addressing public expenditure concerns, Ayariga acknowledged payment delays to contractors across several sectors.
However, he argued that prudent expenditure management does not signal economic decline, stressing that fiscal discipline remains vital to safeguarding macroeconomic stability.
He urged that fiscal and debt management strategies be judged within the context of broader economic reforms rather than isolated statistics.
While acknowledging lingering challenges, Ayariga concluded that the review demonstrates steady progress toward economic recovery and called on Parliament to base its judgment on evidence.
By: Rainbowradioonline.com/Ghana
