The Deputy Minister of Finance, Dr Alex Ampaabeng, has confidently declared that Ghana’s economy is on a path to recovery, citing a decline in inflation and overall macro stability.
Speaking on M’bato3 on Akoma 87.9FM in Kumasi with William Evans-Nkum, Dr Ampaabeng, expressed confidence that the government has successfully navigated the challenges, marking a turning point.
“We acknowledge the negative effects of the Covid-19 pandemic. The consequences have been worsened by other negative economic issues and businesses globally. I dare say that the largest Ghanaian businesses had been severely hit, some to the extent of folding up operations.
“The last 3 and half years have been challenging and the government has been doing its utmost to help ensure the reversal of our fortunes. I’m happy to state that by the grace of God and with hard work, and prudent management of the economy, we have turned the corner with all macro indices with the rate of inflation, exchange rate stability, and economic growth rate all now pointing to the right direction,” he said.
He called on Ghanaians to rally behind the NPP government to help in the development of the country.
He said government’s commitment to infrastructure development over the past seven and half years has been unprecedented.
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