We are counting on your esteemed partnership for Ghana’s economic recovery – Amin Adam to investors

Minister for Finance, Dr. Mohammed Amin Adam, has called upon the investor community to contribute to Ghana’s ongoing economic recovery efforts, particularly as the country’s growth surpasses earlier projections.

Highlighting Ghana’s dedication to facilitating a conducive business environment, Dr. Adam emphasised implementing pragmatic policies and active stakeholder engagement to alleviate the challenges associated with doing business in the country.

Speaking at a side meeting with investors from Rand Merchant Bank during the 2024 African Development Bank Annual Meetings in Nairobi, Kenya, the Minister reiterated Ghana’s commitment to maintaining fiscal discipline, especially in the lead-up to the upcoming elections.

Dr. Amin Adam underscored the government’s determination to adhere to expenditure limits, viewing it as a crucial prerequisite for the successful execution of the country’s engagement with the International Monetary Fund (IMF) programme.

“Inflation is trending downwards from 54 percent in 2022 to 25 percent today and expected to go to 15 percent by the end of the year and as a government, the interest rate has also gone down, we are holding the line in this election year so we don’t overspend,” he said.

Dr. Adam further emphasised that the government has implemented targeted programs to bolster Small and Medium Enterprises (SMEs), recognizing their role in job creation and substantial contributions to Ghana’s GDP.

He outlined various support mechanisms aimed at assisting SMEs, which encompass access to finance, market access opportunities, digital marketing initiatives, and managerial capacity-building.

“The growth we are looking at requires sustainable investment and that is why we continue to count on your esteemed partnership,” he added.

source: myjoyonline

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