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‘Ghana Will Bounce Back Soon’ – Ken Ofori Atta Restores Hope In Economy

Finance minister Ken Ofori Atta has asked Ghanaians to remain confident in the government and the economy as better days will soon arrive.

According to Mr Ken Ofori-Atta, the government has introduced measures and policies such as the YouthStart to reduce the plight of citizens during this tough time. He stated that despite the challenges the economy was facing, there were positives that showed that there was light at the end of the tunnel.

Ken Ofori-Atta explained that despite the depreciation of the Ghana Cedi and the constant increase in the price of fuel and other essentials, the economy had grown by 4.8% in the second quarter of 2022. He stated that this figure was encouraging compared to a 4.1% growth during the same period last year. He noted that the $3 billion loan from the IMF would go a long way to restore investor confidence in the Ghanaian economy within the foreseeable future.

“Indeed, the expected consequence would be the realization of a WISER (Wealthy, inclusive, Sustainable, Empowered, and Resilient) society, with our young people more confident about their place in the World. We’re having an arrangement with the IMF so that we move beyond the dependence on Government and donors into our creative synergies,” the Finance Minister said.

“Almost 37 per cent of our population are between the ages of 15 and 35 face unemployment challenge and the public sector cannot absorb this level of population. So, we need to build a system in which we can train to be entrepreneurial to also hire other people. I look forward to working alongside all of you to realize a transformed Ghana where: ingenuity is encouraged, innovation is supported, and ultimately, prosperity is shared,” Ken Ofori-Atta added.

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