Ghana’s Finance Minister, Dr. Mohammed Amin Adam, stated that the country’s economy is undergoing a strong recovery following substantial challenges over the past two years.
“This year our economy is going to surprise the whole world,” Dr Adam said 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, the World Bank. They are all surprised. Last year, they projected our economy will grow at 1.5%, we grew at 2.9%. This year in the first quarter of this year, they projected we will grow at 3.1% we grew at 4.7%.”
“This economy will grow, and it will grow faster than everybody thinks,” he stated.
He further revealed that President Nana Addo Dankwa Akufo-Addo had instructed the Ministry of Finance to disburse GH¢1.5 billion to customers affected by the banking sector clean-up.
Dr. Adam acknowledged that while the government should not be responsible for individuals’ investment choices, he recognized errors were made in this instance and that people were not adequately informed.
He emphasized that certain individuals had endured significant hardships, with some even losing their lives as a result of the clean-up’s consequences.
