Ghana’s Finance Minister, Dr. Mohammed Amin Adam has declared that the country’s economy is experiencing a robust rebound after facing significant challenges in the past two years.
He says the economy will grow and even grow faster than the projections that have been made.
“This year our economy is going to surprise the whole world,” Dr Adam said at a UK Town Hall meeting on Saturday, June 23, 2024.
In his words “I can tell you that this economy is rebounding strongly. We are rebounding strongly, and it is surprising the world even the IMF, the World Bank. They are all surprised. Last year, they projected our economy will grow at 1.5%, we grew at 2.9%. This year in the first quarter of this year, they projected we will grow at 3.1% we grew at 4.7%.”
“This economy will grow, and it will grow faster than everybody thinks,” he stated.
He also disclosed that President Nana Addo Dankwa Akufo-Addo had directed the Ministry of Finance to release GH¢1.5 billion to customers affected by the banking sector clean-up.
Dr Adam acknowledged that the government should not be held accountable for their investment decisions, but noted that mistakes were made in this case and people were not well-informed.
He stated that some individuals had suffered greatly, with some even losing their lives due to the impact of the clean-up.
Source: Citi News,
