Finance Minister Ken Ofori-Atta has reiterated Ghana’s commitment to achieving economic stability, citing significant progress in key economic indicators.
He made this statement during the signing of two financing agreements with the European Union, aimed at promoting sustainable development.
Ofori-Atta emphasized that these agreements align with the government’s focus on economic recovery, which includes strengthening institutions and boosting the private sector.
He mentioned that the government’s approach is market-oriented and aligns with the policy and reform agenda.
The European Union Ambassador to Ghana, Irchad Razaaly, expressed confidence in the collaboration between the EU and Ghana, particularly in areas such as agribusiness, financial management, and private sector development.
Ofori-Atta highlighted the importance of sustainable development and environmentally friendly practices.
On October 22, the Cabinet approved additional economic measures to sustain Ghana’s economic recovery and ensure spending discipline.
This decision followed a three-day retreat by President Nana Addo Dankwa Akufo-Addo and his Cabinet to discuss the country’s economy and the humanitarian crisis in parts of Lower Volta due to dam spillage.
The International Monetary Fund also approved a $600 million balance of payment support for Ghana after reaching a staff-level agreement.
