Ghana’s Finance Minister, Dr. Mohammed Amin Adam, has announced that the nation’s economy is experiencing a strong rebound after enduring significant challenges over the past two years.
“This year, our economy is going to surprise the whole world,” Dr. Adam stated at a UK Town Hall meeting on Saturday. “I can tell you that this economy is rebounding strongly. We are rebounding strongly, and it is surprising the world, even the IMF and the World Bank. They are all surprised. Last year, they projected our economy would grow at 1.5%, but we grew at 2.9%. This year, in the first quarter, they projected we would grow at 3.1%, but we grew at 4.7%.”
Dr. Adam emphasized that the Ghanaian economy is set to grow faster than expected.
He also disclosed that President Nana Addo Dankwa Akufo-Addo has instructed the Ministry of Finance to release GH¢1.5 billion to assist customers affected by the banking sector clean-up.
Dr. Amin Adam acknowledged that while the government should not be held responsible for individuals’ investment decisions, there were mistakes made, and people were not well-informed. He noted that some individuals suffered greatly, with some even losing their lives due to the impact of the clean-up.
