Ken Ofori- Atta, Ghana’ s Finance Minister, has given another strong message to Ghanaians about saving the country’ s economy. The finance minister confidently stated that they had put in place several strategies and initiatives that will allow them to quickly bail out the economy.
Even the International Monetary Fund is aware that the government has excellent initiatives in place, indicating that we are on the right track. ” We’ re on track to save this economy from the Covid- 19 and the Russia- Ukraine conflict.
Things will improve quickly, and Ghanaians should have faith in the Akufo- Addo administration.
We have pledged not to return to the IMF because, in terms of initiatives and policy, we are on track, and the fund recognizes that we are on the correct track.
” The difficulty is confirming the programs we’ ve put in place, and then, in my opinion, assisting us in finding alternative means to finance or re- finance our debt, and thereby reprofiling it.
” At today’ s press conference, Ken Ofori- Atta said. In other news, The Vice- President, Dr. Mahamudu Bawumia said that the worst performance of the Ghana cedi occurred in the erstwhile former President John Mahama’ s administration where the average depreciation rate was 18%. According to him, the ” average exchange rate depreciation during 2017- 2021, at 6. 8% under our government, is more than twice as stable than during the 2013- 2016 period. ”
Speaking on the state of the economy at the national TESCON conference in Kasoa, Dr. Bawumia said in the history of the Fourth Republic, the worst performance for exchange rate depreciation happened from 1993 to 2000 and 2009 – to 2016.
He revealed this after Bawumia delivered speed on the economy to the nation, in which he said: ” I believe it lays out very clearly what we have accomplished as a party and our ability to reach the transformational level that we are discussing. Clearly, it also shows Ghanaians that we have the type of person who can lead after Nana Akuffo Addo steps down, which is reassuring.”
However, in response to the support, Dr. Amakye state that Ken Ofori-Atta’s words have the potential to damage the NPP’s foundations.
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