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Ghana’s economy headed towards stabilisation – Amin Adam

Source The Ghana Report

Minister for Finance, Dr Mohammed Amin Adam, has expressed optimism about Ghana’s economic trajectory.

He is convinced the nation is on the path towards stabilisation.

Speaking at a press conference following the Spring Meetings in Washington on Sunday, April 21, 2024, the minister highlighted the country’s robust economic progress and strong recovery as key factors driving this positive outlook.

Dr Adam noted a significant improvement in the primary deficit, which decreased from 4.3% of Gross Domestic Product (GDP) at the end of 2022 to a mere 0.3% by the end of 2023, marking a four-percentage point decline.

 

He further projected a surplus of 0.5% of GDP by the end of the current year and 1.5% of GDP by the following year.

Dr Adam emphasized the importance of stabilisation in fostering economic growth, underscoring the promising direction of Ghana’s economy.

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