Finance Minister, Ken Ofori-Atta, has revealed that Ghana’s economy under President Akufo-Addo’s final year in office is projected to be valued over ¢1 trillion in 2024 from the ¢219.5 billion in 2016.
According to him, this will be historic.
“With such a milestone ahead of us, government is protecting, at all cost the foundation for sustained economic expansion. A foundation that has been achieved through the sweat and patience of the Ghanaian people. We pledge to protect this for all our people and especially for private sector growth”, he stated when he presented the 2024 Budget in Parliament.
He added that the government will ensure that the enabling factors are in place and accessible to all.
These, he pointed out, will include reliable energy supply, stable cedi, lower inflation, and lower interest rate regimes, access to private sector credit, infrastructure provision, food security, national security, and inter-continental market linkages through increasing active platforms such as the Africa Continental Free Trade Agreement.
Continuing, the Minister said the government has launched the Ghana Mutual Prosperity Dialogue, a new and innovative platform to deepen collaboration and partnership with the private sector.
The platform aims to enhance the long-term competitiveness of Ghana and increase our attractiveness as a hub for businesses on the continent. This will have a standing committee co-chaired by Ministry of Trade and Industry and Ministry of Finance and the Private Sector.
“I want to assure our stakeholders that we have, as much as possible, reflected the proposals and recommendations from these engagements in this Budget. There is much more to be done with the shared ideas and the Mutual Prosperity Dialogues will be a robust and dynamic platform to inform policy”.