By Godwill Arthur- Mensah
Accra, July 3, GNA–Mr Mahama Ayariga, the Majority Leader and Leader of Government Business in Parliament, says since the Mahama-led Government assumed office in 2025, it has introduced sound policies that led to the strengthening of the Ghanaian Cedi.
He noted that the unpredictability of the cedi during the previous New Patriotic Party (NPP) administration made it difficult for businesses to plan properly, thus, leading to economic hardship.
“There can be no incentives than stabilising the cedi and bringing down the inflation and that is incentive to the business community,” Mr Mahama Ayariga made the remarks when responding to the Minority’s claims that the ruling government had not introduced any policy to incentivise businesses since assuming office.
Mr Ayariga, also the MP for Bawku Central, indicated that unlike the previous NPP government that used Treasury Bill to take all the monies from the banks, the current administration had not been borrowing, therefore allowing businesses to access funds from the banks to ramp up production.
“Today, government is not borrowing from the banks. There is so much money in the banks that some businessmen told me banks are chasing them with money, but they don’t need them,” he stated, amid applause from the Majority side of the House.
On the 24-Hour Economy policy, Mr Ayariga said it was a private-sector led enterprise with full government support to transform the economy and stimulate economic growth and prosperity for all Ghanaians.
Early on, Mr Habib Iddrisu, the MP Tolon and Second Deputy Minority Chief Whip, chastised the ruling government of failing to bring the 24-Hour Economy Policy document to Parliament for debate before launching it.
He wondered where the government would source funds to finance a four-billion-dollar project.
The government has explained that it would seek private investments to implement the 24-Hour Economy Policy, estimating US$4 billion as the cost to fully roll-out and aimed to create 1.7 million jobs in four years.
GNA
Christian Akorlie