Mr. Ken Ofori Atta, the Finance Minister has said the Ghanaian economy witnessed a turnaround after four years of implementing prudent measures.
According to him, from 2017 – 2019, the economy grew by 7% on average in response to the Government’s prudent management of the economy and implementation of government flagship programs, being one of the highest and sustained growth periods.
Speaking to the media in Accra, Mr. Ofori Atta said, as a result, the Country recorded single-digit inflation of 7.9 percent, reduced fiscal deficits with three consecutive years of primary surpluses, relatively stable exchange rate, significant improvement in the current account with three successive years of trade surpluses, strong foreign exchange reserve buffers covering 4 months of import cover, and relatively low and sustained interest rates of about 13 percent (Benchmark 91-Day Treasury Bill).
He said as a result of the prudent policies, the economy continued to remain resilient in 2020, even at the height of the Covid-19 pandemic.
Mr. Ofori Atta said the good people of Ghana have given them the mandate to get things done and as a Government, this is a clarion call for a national conversation on the shared burden to renew the social contract of our democracy.
“At its minimum, we should ensure social justice and social mobility for most Ghanaians. At our best, we should open for all Ghanaians, an economic system under which each citizen shall be guaranteed the opportunity to show the best in him or her. As I always have, I will commit to working to fix those structures that will set Ghana on this path. “
Source: Mybrytfmonline.com/Kofi Atakora
