Ghana’s Finance Minister, Dr. Mohammed Amin Adam, has announced that the country’s economy is strongly recovering after enduring major challenges over the past two years.
“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.
He also revealed that President Nana Addo Dankwa Akufo-Addo instructed the Ministry of Finance to disburse GH¢1.5 billion to customers impacted by the banking sector clean-up.
Dr. Adam admitted that the government shouldn’t be blamed for individuals’ investment decisions but recognized that mistakes were made and people were not adequately informed.
He noted that many individuals suffered significantly, with some even losing their lives due to the clean-up’s impact.