Career
He became representative of Komárom County in 1843. During the Hungarian Revolution of 1848 he served as state secretary of the Ministry of Justice. He was appointed Speaker of the House of Representatives in 1861.
He didn"t support the compromise with the Austrians.
Ghyczy founded a new party named the Central Party. He supported the case of the compromise since the left centre is a party with this practically came to an end with his secession.
He took over as Minister of Finance in a period when the budget struggled with chronic troubles. Economic optimism brought the country under control in the years after the compromise, many people waited for the taxes" reduction.
Was in need of a tax increase in the truth of the budget, but nobody dared to say this.
Ghyczy took over this role and the unpopularity, pushing his way for his successor"s, Kálmán Széll fiscal policy. Ghyczy submitted the 1875 budget which earmarked, that from the deficiency of the budget let 13 million forints be met the cost of from tax increases. Ghyczy later served again as Speaker of the House of Representatives (until 1879).