The Finance Minister, Ken Ofori-Atta, has assured stakeholders that the government is committed to restoring Ghana’s economic fortunes as soon as possible.
He made this statement at the 2023 Capital Market Day (CMD) of MTN Group in Johannesburg, South Africa, a two-day event that engaged with the financial community.
Mr. Ofori-Atta admitted that Ghana had encountered difficulties due to external factors such as the COVID-19 pandemic and the conflict between Russia and Ukraine. As a result, the government sought financial support from the International Monetary Fund (IMF) to cushion the economy.
Despite these difficulties, Mr. Ofori-Atta stressed that the government was resolute and was taking steps to overcome the challenges and restore economic stability.
He also said the government aimed to create a favorable environment for businesses to flourish, create jobs, and stimulate economic growth.
“We are focusing on enhancing agricultural productivity, supporting local industries, and investing in vital infrastructure projects,” Mr. Ofori-Atta said, adding, “We will create a favorable environment for businesses to flourish, create jobs, and stimulate economic growth.”
“We will uphold responsible fiscal policies, increase revenue generation, and prioritize the effective allocation of resources. These steps will ensure that our economic revival efforts are sustainable in the long term.
“We are aware of the hardships our citizens are going through, and we share their worries. That is why we are doing everything possible to speed up the recovery process.”