The Minister of Finance, Ken Ofori-Atta, has emphasized the government’s unwavering commitment to rapidly restore Ghana’s economic prosperity within a short timeframe. During his speech at MTN Group’s 2023 Capital Market Day (CMD) held in Johannesburg, South Africa, a two-day event aimed at engaging with financial stakeholders, Mr. Ofori-Atta expressed the government’s strong determination to rejuvenate the economy.
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He acknowledged that Ghana had encountered various challenges resulting from external factors like the adverse impact of the COVID-19 pandemic and the ongoing Russia-Ukraine conflict. Consequently, the government sought financial assistance from the International Monetary Fund (IMF) to alleviate the effects on the economy.
Despite these challenges, Mr. Ofori-Atta emphasized the government’s resoluteness and implementation of measures to navigate through the difficulties and restore economic stability.
Moreover, he stated that the government aimed to create a favorable environment for businesses to flourish, 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.”
