Finance Minister, Ken Ofori-Atta, has stated that although the Ghanaian economy is battered and bruised, it is not broken.
He said this while presenting the 2024 Annual Budget Statement and Economic Policy of Government of Ghana for the 2024 Financial Year, on Wednesday, 15th November, 2023.
He noted that throughout 2020 to 2022, the Ghanaian economy faced challenges, noting that the economy growing at a 7 percent of a single digit inflation with declining interest rates and a stabilising currency suffered unforeseen shocks just like many other economies.
“GDP growth slumped from 6.5 percent in 2019 to 0.5 percent in 2020 as the lockdown and closure of businesses and the ports had a deficiting effect on the economy, triggering cost of living prices that has made lives difficult for the Ghanaian people. Though battered and bruised, we are not broken and our resilience is manifesting,” he said.
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Ghana| Atinkaonline.com| Porcia Oforiwaa Ofori
