The Minister for Finance, Ken-Ofori Atta has stated that the economy is recovering, and confidence in the Ghanaian economy is back and growing gradually.
He made this statement during the presentation of the mid-year policy review of the 2023 Budget Statement on Monday, July 31 in parliament.
Prior to this statement, the minister stated that 2022 was the most difficult year for him as Ghana’s Finance Minister.
Hence the initiative to request support from the IMF to implement the Post-COVID-19 Programme of Economic Growth (PC-PEG).
According to the minister, the country was going through a dire period of economic uncertainties and despondency but eventually, “our steps are more grounded, the vision is clearer, and the path to recovery is better set, and confidence in our economy is back, growing gradually”.
“Mr. Speaker, we have turned the corner and, more importantly, we are determined to continue down that path. Soon, we expect the measures taken to result in economic activity greater than anything experienced in the history of the Fourth Republic,” he stressed.
The minister added that the implementation of ongoing fiscal adjustments and sustained investments in Ghana has contributed immensely to the stabilization of the economy.
“Exchange rate has stabilized, inflation has softened, and interest rates have declined since December 2022, and private investments have been announced due to increased investor confidence in our economy,” he said
Ken-Ofori Atta indicated that these positive trends should ease the financial burdens of the people of Ghana.
All be lies, after killing us you are now saying what. God will definitely put you and your team to death very soon