The Minister of Finance, Dr Mohammed Amin Adam has stated emphatically that the Ghanaian economy is experiencing a robust rebound after facing significant challenges over the past two years.
Speaking at a town hall meeting in the UK, Dr Amin Adam said the performance of the economy this year will shock the entire world.
“This year our economy is going to surprise the whole world. I can tell you that this economy is rebounding strongly. We are rebounding strongly, and it is surprising the world even the IMF, the World Bank. They are all surprised. Last year, they projected our economy will grow at 1.5%, we grew at 2.9%. This year in the first quarter of this year, they projected we will grow at 3.1% we grew at 4.7%. This economy will grow, and it will grow faster than everybody thinks,” he stated.
Dr Adam also revealed that President Nana Addo Dankwa Akufo-Addo has directed the Ministry of Finance to release GH¢1.5 billion to compensate customers affected by the banking sector clean-up.
While acknowledging that the government should not be held responsible for individuals’ investment decisions, Dr Adam noted that mistakes were made in this instance and people were not well informed.
He highlighted the severe impact on some individuals, mentioning that some had suffered greatly and even lost their lives due to the repercussions of the clean-up.
By: Ekow Annan/newsalertgh.com
