The finance minister, Mr. Ken Ofori-Atta has pledged the government’s commitment to restoring Ghana’s economic fortunes as soon as possible.
Mr. Ofori-Atta reassured of the government’s commitment to revitalizing the Ghanaian economy and ensuring a prosperous future for all Ghanaians at the MTN Group’s 2023 Capital Market Day (CMD), a two-day event designed to foster dialogue with players within the financial community in Johannesburg.
During his statement, he highlighted the worldwide economic depression caused by the COVID-19 outbreak, as well as the growing geopolitical tensions between Russia and Ukraine.
These external forces, he claimed, have harmed Ghana’s economy, forcing the government to seek assistance from the International Monetary Fund (IMF).
Nevertheless, Mr. Ofori-Atta affirmed that the government remains undeterred and is implementing measures to navigate the storm and restore Ghana’s economic fortunes.
He outlined a series of comprehensive measures and strategies, designed to stimulate economic growth, attract investments, and create job opportunities.
Mr. Ken Ofori Atta emphasized the government’s priority on improving critical sectors such as agriculture, manufacturing, and infrastructure development, as well as the necessity of sustainable practices.
“We are concentrating on boosting agricultural productivity, promoting local industries, and investing in critical infrastructure projects. Through these actions, we will establish a conducive environment for businesses to thrive, generate employment opportunities, and drive economic growth.”
Ken Ofori-Atta
The Finance Minister additionally reiterated the government’s commitment to fiscal responsibility and responsible financial management.
“We will maintain responsible fiscal policies, improve revenue generation, and prioritise the efficient allocation of resources. These measures will ensure that our economic revival efforts are sustainable in the long run.”
Mr. Ken Ofori Atta
Mr. Ofori-Atta, emphasizing the importance of prompt action, stated that “we understand the hardships our citizens are facing, and we empathize with their concerns. That is why we are going above and above to hasten the recovery process.”
In his discussion on public-private partnerships, he emphasized the significance of collaboration among the government, private sector, and citizens in obtaining desired socioeconomic objectives.
Mr. Ofori-Atta also called upon businesses, investors, and the entire Ghanaian populace to join hands with the government as they embarked on Ghana’s transformative journey.
President Of South Africa Promises To Foster Healthy Commercial Exchange In Ghana
While in South Africa, the Minister of Finance met digitally with President Cyril Ramaphosa, President of South Africa. The President praised Ghana for securing an IMF loan in record time.
Cooperation areas were reviewed, with a focus on expanding current links and developing a healthy exchange for businesses in Ghana and South Africa.
Mr. Ofori-Atta expressed optimism that such economic cooperation would have a meaningful and mutually beneficial impact on citizens of both countries.
President Ramaphosa also expressed confidence that government and private sector partnership will result in a speedy resolution of the rainbow nation’s energy difficulties.
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