Finance Minister Dr. Mohammed Amin Adam has announced that Ghana’s economy has recovered to its pre-COVID-19 growth trajectory.
Speaking at the launch of the France-Ghana economic report for 2023/24, Dr. Adam revealed that the economy achieved a growth rate of 5.8% in the first half of 2024, surpassing the 2019 growth rate by 0.4%.
This significant comeback follows a tumultuous period that led the government to seek a $3 billion bailout from the International Monetary Fund (IMF). Experts consider this bailout crucial for the economy’s recovery.
Dr. Adam praised the French government for its instrumental role in securing Ghana’s external debt restructuring. He also acknowledged the long-standing support of the French government, which has contributed over £2 billion to Ghana’s development over the past 30 years.
Ghana’s economic rebound is consistent with the World Bank’s observation that the country’s economy rebounded from the COVID-19 slowdown, growing by 5.4% in 2021.
The Bank of Ghana also notes that carefully crafted strategies have helped reset the economic agenda back to stability and growth.
Source: OccupyGh.com
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