Cedi gains is putting money back into people's pockets — Mahama Ayariga

Majority Leader and Government Business Leader, Mahama Ayariga, has showered accolades on the administration led by John Mahama, emphasizing what he refers to as a robust economic turnaround fueled by prudent fiscal discipline and a strong economic team.

Speaking on the Parliament floor, Ayariga urged lawmakers to rally behind the Finance Minister and his team in their ongoing mission to stabilize the economy.

He said Ghana is experiencing one of the most significant currency recoveries in recent financial history, a change he believes is alleviating the financial strain on everyday citizens.

“Mr. Speaker, this House must back our tireless Finance Minister… to persist in the path of fiscal responsibility and his relentless efforts to strengthen the Ghana Cedi, lower inflation and prices, decrease interest rates, and rejuvenate our private sector, restoring hope to the Ghanaian people,” he stated.

Ayariga emphasized that the cedi's strengthening is not merely a positive statistic, but one that is already making a tangible difference, as evidenced by lower transport fares and a decrease in the prices of imported food items.

He also highlighted a 14.1% rise in the cedi's value against the euro and notable reductions in fuel prices across the board—all of which he attributed to careful economic management.

“We have orchestrated one of the most remarkable currency recoveries in recent financial history. The strength of the cedi is putting money back into people's pockets through lower transport fares and decreased prices of imported food products,” he stressed.