Categories: NewsPolitics

We’ll be swift with Ghana’s economic recovery – Ofori-Atta

 

 

The Minister of Finance, Ken Ofori-Atta, has reiterated the government’s commitment to swiftly restore Ghana’s economic fortunes in the shortest possible time.

Speaking at MTN Group’s 2023 Capital Market Day (CMD) in Johannesburg, South Africa, a two-day event aimed at engaging with stakeholders in the financial community, Mr. Ofori-Atta expressed the government’s determination to revitalize the economy.

He acknowledged that Ghana had faced challenges due to external factors such as the negative impact of the COVID-19 pandemic and the ongoing conflict between Russia and Ukraine. As a result, the government sought financial assistance from the International Monetary Fund (IMF) to mitigate the effects on the economy.

Despite these challenges, Mr. Ofori-Atta emphasized that the government remained resolute and was implementing measures to navigate through the difficulties and restore economic stability.

Furthermore, He said the government aimed to create a conducive environment for businesses to thrive, generate employment opportunities, and drive economic growth.

“We are concentrating on boosting agricultural productivity, promoting local industries, and investing in critical infrastructure projects,” Mr. Ofori-Atta said, adding, “We will establish a conducive environment for businesses to thrive, generate employment opportunities, and drive economic growth.”

“We will maintain responsible fiscal policies, improve revenue generation, and prioritize the efficient allocation of resources. These measures will ensure that our economic revival efforts are sustainable in the long run.

“We understand the hardships our citizens are facing, and we empathize with their concerns. That is why we are leaving no stone unturned in our efforts to expedite the recovery process.”

Read More
source: CitiNewsRoom

the Editor

Recent Posts

Court rules in favour of Black Sherif in cruise ship performance dispute

The case filed by Cruise People Ltd against Ghanaian musician, Black Sherif has been dismissed…

2 years ago

Ethiopia Offers To Share Ethiopian Airlines, the Renaissance Dam And More With Neighbours For Access To Sea Ports

  Ethiopia will continue raising the issue of getting access to sea and alternative port…

2 years ago

Processes in place to build 2 million-ton alumina refinery in 2024 – GIADEC

The Ghana Integrated Aluminium Development Corporation (GIADEC) is advocating for the establishment of an alumina…

2 years ago

Kenyan Pharmaceutical Company Achieves Landmark WHO Approval for Malaria Drug Production

In a groundbreaking development, Universal Corporation Limited, a Kenyan pharmaceutical company, has received approval from…

2 years ago

Rwanda Announces Visa-Free Entry For All Africans

In a significant move towards enhancing intra-African travel and promoting unity, Rwanda has declared visa-free…

2 years ago

Germany’s President Apologises for Colonial-Era Murders in Tanzania

German President Frank-Walter Steinmeier issued a formal apology for the colonial-era murders that occurred in…

2 years ago