We’ll act quickly to help Ghana’s economy recover – 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.”