Ghana’s Minister for Finance, Dr. Mohammed Amin Adam, has invited the investor community to support Ghana’s steady economic recovery, especially as her growth outperforms projections.
The Minister noted that Ghana was currently working hard to ease the cost of doing business through pragmatic policies and stakeholder engagements
The Minister reiterated the Government of Ghana’s strong commitment to remain fiscally prudent to stay within expenditure margins this election year.
The Minister noted that part of the motivation for this stance is to satisfy a necessary pre-condition for the success of the country’s engagement with the IMF programme.
Inflation is trending downwards from 54% in 2022 to 25% today and is expected to go down to 15% by the end of the year.
The interest rate has also gone down, and the government is holding the line in this election year so they don’t overspend.
The government has initiated deliberate programs to support Small and Medium Enterprises, as they provide employment and contribute significantly to the country’s GDP.
The support mechanisms include access to finance, market opportunities, digital marketing, and managerial expertise.
The growth requires sustainable investment, and the government continues to count on the investors’ partnership.
The Minister made this known at a side meeting with Rand Merchant Bank Investors at the ongoing 2024 African Development Bank Annual Meetings in Nairobi, Kenya.
