Fiscal discipline restored, economic indices pointing in right direction – Akufo-Addo

Source The Ghana Report/Gloria Kafui Ahiable

The President of the Republic, Nana Addo Dankwa Akufo-Addo has indicated that his government has restored fiscal discipline in the management of the economy adding that this has resulted in the macroeconomic indices pointing the country in the right direction.

According to him, the the favorable macroeconomic situation prevailing in the country is a firm indication of his government’s commitment to the creation of a conducive business atmosphere needed for the private sector to flourish.

Speaking at the plenary session of the 7th Tokyo International Conference on African Development (TICAD), the President explained the implementation of tax cuts and incentives have inspired the rapid growth of the private sector.

The President stressed the growth in the private sector has led, “to some of the world’s largest vehicle manufacturing companies signaling their intention to set-up assembly plants in the country, with global energy giants investing in the development of our considerable oil and gas deposits, and the establishment of the first Artificial Intelligence Centre in Africa by Google in Ghana. Their decision to operate in Ghana is for good reason.”

“It is time we also traded in the world economy, not on the basis of exports of raw materials, but on the basis of things we make and grow”, he said.

He further revealed that his administration is taking the necessary steps to ensure Ghana “emulates the story of the East Asian Miracle”, if the potential of the country and continent is to be realised.

He noted “The East Asian Miracle saw, from 1965 to 1990, the twenty-three (23) countries of East Asia, especially Japan, growing faster than all the regions in the world, largely because of their belief in the primacy of the private sector. ”

“We, in Ghana, are taking steps to put our country onto a similar path. Maintaining a stable macroeconomy is fundamental to attracting private sector investment,” President Akufo-Addo revealed.

Leave A Comment

Your email address will not be published.

You might also like
where to buy viagra buy generic 100mg viagra online
buy amoxicillin online can you buy amoxicillin over the counter
buy ivermectin online buy ivermectin for humans
viagra before and after photos how long does viagra last
buy viagra online where can i buy viagra