President Nana Addo Dankwa Akufo-Addo expressed optimism about Ghana’s economic future despite global challenges.
He emphasized the government’s focus on economic revival over growth, prioritizing public health.
During the pandemic, he had stated, “We know how to revive the economy, but not how to bring people back to life.” This justified extraordinary expenditures for relief and protection.
The President’s confidence is bolstered by efforts to attract foreign investment and strengthen international cooperation.
Newly appointed diplomats will promote Ghana’s economic agenda globally, fostering strong relationships and attracting investments.
The President highlighted significant economic strides, resilience, and a comprehensive strategy for sustainable growth.
Ghana has shown remarkable resilience in the face of adversity, with a 4.7% growth rate in Q1 2024, surpassing IMF forecasts.
The industrial sector expanded by 6.8%, and agriculture by 4.1%, demonstrating the effectiveness of economic policies.
Successful debt restructuring initiatives have provided substantial relief, with domestic debt restructuring achieving a high participation rate and reducing coupon rates.
The Ghana CARES ‘Obaatampa’ Programme is pivotal to the nation’s economic strategy, focusing on commercial farming, light manufacturing, engineering, ICT, digitalization, and job creation.
The President urged diplomats to facilitate foreign investment and contribute to the program’s success.
With a strong economic strategy and promising indicators, Ghana is poised for sustainable growth and development.
