Ken Ofori-Atta touts economic progress chalked by President Akufo-Addo

After experiencing severe economic hardship in 2022, Ghana is now making modest economic progress, according to Finance Minister, Ken Ofori-Atta.

On July 31, 2023, Ken Ofori-Atta stated during the presentation of the 2023 Mid-Year Budget Review in Parliament that the government’s plans and programs are beginning to show progress.

The Finance Minister urged the country in his speech to recognize and celebrate the significant accomplishments made over the previous three years.

Ghana has managed to maintain a number of important aspects of life, including peace, health, security, and a constant supply of power, despite facing numerous obstacles.

Mr. Ofori-Atta expressed confidence that the measures taken will result in an increase in economic activity that will be unprecedented in the Fourth Republic’s history.

“Mr. Speaker, it is important that we acknowledge some of the major milestones that this country has experienced in the last 3 years. We should be still and appreciate that despite our challenges as a country, we have been saved from many extreme conditions that others have suffered, including peace, health, security, continuous supply of power, and life itself, amongst others.

“Over that period, the country has gone through extremely difficult situations, and the gratitude of His Excellency the President and his government goes to the good people of Ghana for their patience, understanding and positive contributions to Government’s efforts to weather the storm.

“Mr. Speaker, we have turned the corner and, more importantly, we are determined to continue down that path. Soon, we expect the measures taken to result in economic activity greater than anything experienced in the history of the Fourth Republic. Our plans and programmes should soon lead to a sustained increase in domestic production, including manufacturing and farming, replacing many of the
products that we are used to importing.”