The Majority in Parliament has expressed confidence in the stability and progress of Ghana’s economy, arguing that the country is experiencing significant growth despite the removal of two major taxes the COVID-19 Health Recovery Levy and the Electronic Transfer Levy (E-Levy). This, they say, disproves earlier claims by the previous administration that the economy would collapse without the two revenue sources.
Speaking during the concluding session of the parliamentary debate on the 2026 Budget Statement, the Majority Leader, Hon. Mahama Ayariga, stated that the economic indicators emerging after the removal of these levies point to a more resilient and efficiently managed economy. He argued that the former government’s insistence that these taxes were critical to sustaining the economy had been exposed as misleading, as the current administration has demonstrated that prudent economic management not excessive taxation drives real growth.
Ayariga explained that the economy’s stability under the current Finance Minister is proof that disciplined fiscal policies and strategic prioritization yield better outcomes than relying heavily on taxes that burden the ordinary Ghanaian. He emphasized that revenues are being managed with care, ensuring that resources are directed toward areas that will stimulate development while maintaining macroeconomic stability.
Looking ahead, the Majority Leader projected that Ghana’s economy will experience even stronger performance in 2026. He attributed this forecast to ongoing reforms, sustained revenue discipline, and improved investor confidence. According to him, the government’s approach rooted in careful planning and efficient expenditure will continue to yield tangible results for citizens.
Ayariga also noted that the Finance Minister will remain firm in resisting pressures from various interest groups demanding excessive or unplanned spending. He stressed that maintaining this discipline is crucial to ensuring that the gains made so far are not eroded and that the country stays on a path of long-term economic recovery and expansion.
