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BusinessFinance Minister entreats investors to join Ghana's economic recovery efforts

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Finance Minister entreats investors to join Ghana’s economic recovery efforts

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Ghana’s Finance Minister, urges investors to aid the nation’s economic recovery as growth exceeds forecasts.

Stressing Ghana’s commitment to fostering a favorable business climate, he advocates for practical policies and engaging stakeholders actively to address business challenges.

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Addressing investors from Rand Merchant Bank at the 2024 African Development Bank Annual Meetings in Nairobi, Kenya, the Minister reaffirms Ghana’s pledge to uphold fiscal discipline, especially ahead of the forthcoming elections.

Dr. Amin Adam highlights the government’s resolve to adhere to spending limits, considering it vital for successful IMF engagement.

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“Inflation is trending downwards from 54 percent in 2022 to 25 percent today and expected to go to 15 percent by the end of the year and as a government, the interest rate has also gone down, we are holding the line in this election year so we don’t overspend,” he said.

Dr. Adam reiterated that the government has put in place focused initiatives to strengthen Small and Medium Enterprises (SMEs), acknowledging their significance in job creation and their substantial contributions to Ghana’s GDP.

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He delineated several support measures tailored to assist SMEs, including enhancing access to finance, providing market opportunities, initiating digital marketing campaigns, and offering managerial capacity-building programs.

“The growth we are looking at requires sustainable investment and that is why we continue to count on your esteemed partnership,” he added.

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