The Finance Minister, Ken Ofori-Atta has said government of Ghana will put in place stronger foundations in 2023 to change the country’s economy for the better.
The minister made the comments when he addressed the public
on Monday regarding the suspension of the external debt payment.
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“The ensuing years will focus on building an entrepreneurial
and export-driven economy as we grow the economy to protect and create
jobs, tackle inflation, and strengthen our currency. The importation of
food should soon be a thing of the past.
“2023 must be our “comeback” year. A year in which we put in
place stronger foundations that would allow us to change our country for
the better and in a way that is enduring, inclusive and transformational.
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“We all have a role to play. And I urge us all to work
together with the Government and support the various interventions being
implemented to kick–start our recovery in a determined, bold and
courageous way,” he said.
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Mr Ofori-Atta also stated that the recently announced debt
exchange programme and the staff-level agreement with the International
Monetary Fund on a $3 billion bailout have contributed to the rebound of the
economy.
He said the government is willing to do everything possible
to sustain the gains that have led to the revival of the economy.
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“The launch of the debt exchange programme, coupled with the
signing of the Staff Level Agreement with the International Monetary Fund,
have aided our stability efforts and have in particular contributed
significantly to the rebound of our currency.
“While accommodating the inputs of stakeholders, we must do
all we can to sustain the gains of these initiatives keeping in sight the
urgency of obtaining IMF Board approval in Q1 2023. The cost of this not
succeeding will be too huge for our economy.”
Source:citinewsroom
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