The Finance Minister, Dr. Mohammed Amin Adam, has assured Ghanaians that the country’s economy is on a steady recovery after enduring years of difficulties.
At the unveiling of a watermelon factory in Walewale, Dr. Adam expressed his confidence in the country’s financial recovery, noting positive trends in key economic indicators.
“We are witnessing a significant turnaround,” he said confidently. “Macroeconomic stability is rapidly being restored. Ghanaians are beginning to see real, tangible progress every day.”
Dr. Adam also pointed out that Ghana’s economy, which was initially expected to grow by only 1.5% in 2023, surpassed forecasts with a growth of 2.9%, signaling brighter prospects for the future.
This growth comes as part of a broader recovery from the economic hardships caused by the COVID-19 pandemic, disruptions in global supply chains, and inflationary pressures.
He also highlighted Ghana’s 5.8% GDP growth rate in the first half of 2024, surpassing pre-pandemic levels by 0.4 percentage points, which Dr. Adam described as evidence that the country is not just recovering, but surpassing its previous economic standing.
“This shows that we are not just bouncing back,” he remarked, “we are surpassing where we were before the crisis.”