Alexander Afenyo-Markin is the Minority Leader in Parliament
The Minority in Parliament has rejected claims that the country’s economic rebound can be attributed to the competent management of the Mahama-led government.
Addressing the press on Monday, January 26, 2026, Minority Leader Alexander Afenyo-Markin argued that the upward trend in the economy is being driven by external interventions rather than domestic policy innovation.
He stated that the economic gains are largely due to the International Monetary Fund (IMF) programme, pointing to increased exports, reduced government expenditure, and debt relief measures as key factors behind the improvement.
Cedi opens final week of January at GH¢10.88 to $1
Afenyo-Markin stressed that the government has not introduced major social interventions that directly create jobs or opportunities for the youth.
“We have been told that the economy is doing well. That is not in doubt, but the question is: is the economy doing well because there is prudent management, or is it because this government has introduced social intervention programs that have, in themselves, created opportunities for young, ambitious Ghanaians?” he asked.
“We hereby submit that the so-called gains were not born out of the government’s competence in managing our economy. Rather, the IMF programme, debt relief, rising commodity exports, and reduced expenditure are the major reasons for the upswing in Ghana’s economy, not a re-engineering of the economy,” the Minority Leader stated.
Ghana entered into a $3 billion Extended Credit Facility (ECF) programme with the IMF in 2023 to address severe fiscal and balance-of-payment challenges. The programme required the government to implement strict reforms, including cutting expenditure, restructuring debt, and boosting revenue mobilisation.
SA/MA
