Ghana’s Minister for Finance, Dr. Mohammed Amin Adam, has called on the investor community to support Ghana’s steady economic recovery.
He stressed Ghana’s efforts to reduce the cost of doing business through pragmatic policies and active stakeholder engagements.
Dr. Adam made this known during a side meeting with Rand Merchant Bank investors at the ongoing 2024 African Development Bank Annual Meetings in Nairobi, Kenya.
He reaffirmed the Government of Ghana’s commitment to maintaining fiscal prudence and adhering to expenditure limits during this election year.
This commitment is aimed at meeting a crucial prerequisite for the success of Ghana’s engagement with the 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 disclosed.
According to him, the government has initiated deliberate programmes to support Small and Medium Enterprises, as they provide employment and contribute significantly to the country’s GDP.
The support mechanisms, he said included access to finance, market opportunities, digital marketing and managerial expertise.
“The growth we are looking at requires sustainable investment and that is why we continue to count on your esteemed partnership,” he added.
The Minister was joined by the 2nd Deputy Governor of the Bank of Ghana, Mrs Elsie Addo Awadzi, Officials of the Ministry of Finance, Bank of Ghana and the Ghana Investment and Infrastructure.
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