Ghana’s economy on track to exceed projected growth target says Finance Minister Ken Ofori-Atta

November 3, 2023
Finance Minister Ken Ofori-Atta
Finance Minister Ken Ofori-Atta

Finance Minister has announced that the Ghanaian government is on course to exceed its projected economic growth target of 1.5 percent.

Speaking at the Ghana Mutual Prosperity dialogue in , Mr Ofori-Atta emphasized the government's commitment to its growth agenda, with a focus on the private sector as a fundamental building block.

He stated, “Thankfully for working together, we've seen improvements in the economic indicators as I made clear in the midyear . Our economy is expected to continue growing now and over the medium term. Economic growth has been resilient this year, averaging 3.2 percent in the first two quarters compared to 3 percent in the same period in 2022.”

Mr Ofori-Atta also revealed that the upcoming 2024 budget, scheduled to be presented to on November 15, will introduce strategies aimed at creating jobs for the youth.

He stated, “As part of the 2024 budget, the government will also roll out a strategy to complement the micro-fiscal reforms we are implementing under the programs. This is to ensure the growth of jobs and critical components of the economy.”

The Finance Minister's remarks highlight the government's optimism regarding economic growth and its commitment to implementing reforms to bolster the country's economy and create employment opportunities for its young population.

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