The Minister of Finance, Dr Mohammed Amin Adam, has called on the investor community to support Ghana’s ongoing economic recovery journey.
According to him, the country’s growth is currently exceeding projections.
Speaking at a side meeting with Rand Merchant Bank investors during the 2024 African Development Bank Annual Meetings in Nairobi, Kenya, Dr Adam emphasized Ghana’s efforts to reduce the cost of doing business through pragmatic policies and stakeholder engagements.
He assured the investors of the Government of Ghana’s strong commitment to fiscal prudence, particularly during this election year, to remain within expenditure limits. This commitment, he noted, is crucial for the success of the country’s International Monetary Fund (IMF) program.
“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.
Dr. Adam highlighted that the government has launched targeted programs to support Small and Medium Enterprises (SMEs), recognizing their significant role in providing employment and contributing to the country’s GDP. These support mechanisms include access to finance, market opportunities, digital marketing, and managerial expertise.
“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 accompanied by the 2nd Deputy Governor of the Bank of Ghana, Mrs. Elsie Addo Awadzi, along with officials from the Ministry of Finance, the Bank of Ghana, and the Ghana Investment and Infrastructure Fund.
