Dr Mohammed Amin Adam, the Minister of Finance, has said Ghana’s growth is outperforming its projections and has called on the investor community to support the country’s steady economic recovery.
Through stakeholder engagements and pragmatic policies, the Minister says Ghana is putting measures in place to ease the cost of doing business.
Dr. Amin Adam has reiterated the government’s strong commitment to remain fiscally prudent to stay within expenditure margins this election year.
He made this known Tuesday, May 28, 2024, at a side meeting with Rand Merchant Bank Investors at the ongoing 2024 African Development Bank Annual Meetings in Nairobi, Kenya.
The Minister explained that Ghana stands to lose what it is supposed to receive from the IMF if it fails to remain fiscally prudent as a pre-condition for the sustenance of its bailout with the Bretton Wood institution.
“Inflation is trending downwards from 54 per cent in 2022 to 25 per cent today and expected to go to 15 per cent 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 disclosed.
According to him, the government has initiated deliberate programmes to support Small and Medium Enterprises, as they provide employment and contribute significantly to the country’s GDP.
Access to finance, market opportunities, digital marketing and managerial expertise, per the minister, are part of the support mechanisms the government has adopted for the path to recovery.
“The growth we are looking at requires sustainable investment and that is why we continue to count on your esteemed partnership,” he added.
The Minister was joined by the 2nd Deputy Governor of the Bank of Ghana, Elsie Addo Awadzi, Officials of the Ministry of Finance, Bank of Ghana and the Ghana Investment and Infrastructure.
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