Ken Ofori-Atta, the minister of finance, has praised government efforts to put Ghana’s economy back on a development path that will generate more employment.
He claims that the economy has grown gradually since the beginning of the first half of 2023 and last year.
Mr. Ofori-Atta, who presented the 2024 budget statement on Wednesday, credited the quick implementation of aggressive monetary and fiscal policy measures for success.
“So far, growth in 2023 has been more resilient than expected, inflation has declined in line with the fundamentals, the fiscal and external balances have improved, and the exchange rate has stabilised,” he said.
He said that in order to preserve economic stability, the administration of Akufo-Addo is committed to upholding budgetary restraint.
The Finance Minister went on to state that the government had overcome its economic difficulties prior to the successful conclusion of the IMF program’s first assessment.
“We turned the corner when we completed the IMF first review. We turned the corner when inflation started declining from 54 1 in December to 35.2 in October 2023. The recovery is indeed real and is here to stay,” he touted.
Source: Mybrytfmonline.com/Joseph Asare
