“Mr Speaker, this House must support our indefatigable Finance Minister… to continue along the lines of fiscal prudence and his dogged pursuit of appreciating the Ghana Cedi, reducing inflation and prices, reducing interest rates and revitalizing our private sector, renewing hope in the Ghanaian.

“We have engineered one of the strongest currency rebounds in recent financial history. The cedi’s strength is putting money back in people’s pockets through transport fare reductions, and reduced prices of imported food products,” he said.

Mr Ayariga made the remarks on Tuesday during the delivery of his opening remarks on the Floor of Parliment at the Second Meeting of the First Session of the Ninth Parliament.

Touching on the economic highlights, he emphasised a 24.1 per cent appreciation of the Ghanaian cedi against the US dollar since January 2025, and a 16.2 per cent gain against the British pound.

“Mr Speakr, there is also a 14.1per cent strengthening versus the Euro, a significant reduction in fuel prices: Super XP: GH?15.85 to GH?13.27 (16.28 per cent decrease),
Diesel XP: GH?15.99 to GH?13.87 (13.26 per cent decrease), Super XP 95: GH?15.96 to GH?15.27 (4.32 per cent decrease) and transport fare reductions across major routes,” he said.

On the Meeting’s legistaltive agenda, Mr Ayariga told the House that the NDC government planned to introduce several bills and regulations to strengthen Ghana’s financial stability and growth, including: Mid-Year review of the Budget, guidelines for the utilization of the Common Fund, Ghana Investment Promotion Authority Bill, Ghana Deposit Protection (Amendment) Bill, Exemptions (Amendment) Bill as well as several bills and regulations in the financial sector

The Majority Leader also the NDC Member of Parliament for Bawku Central emphasized the importance of accountability and transparency in government, highlighting the NDC’s commitment to investigating corruption and maladministration, including: COVID-19 expenditure investigation, Agyapa Royalties deal investigation, PDS scandal investigation and Sole-sourcing practices investigation.

Parliament resumed parliamentary business on Tuesday, May 27 following a recess on Saturday, March 29, 2025.

Edited by Kenneth Odeng Adade