Finance Ministry briefing on the economy

The priority for Government since the COVID-19 episode and the Russia-Ukraine war has been to address macro stability and welfare challenges that confronted the economy.

This progress gives us a solid foundation to confront the challenges ahead.

the President’s dialogue with the IMF Managing Director, Kristalina Georgieva, negotiations will be fast-tracked to ensure that key aspects of the programme are reflected in the 2023 Annual Budget Statement in November 2022.

This is a Government that protected the savings of 4.6million Ghanaian depositors with the reform of the Banking and financial sector even in our early days

The announcement of the Committee Members will be made in the coming days and they will immediately get to work to engage key stakeholders in the financial services sector, additional to ongoing engagements with Civil Society Organizations (CSOs), social partners (labour unions, employers, and FBOs), academia, industry professionals, and the leadership of Parliament.

The Development Bank Ghana (DBG), which we capitalized at US$750million is also supporting the private sector to invest in areas that will stabilize the economy over the medium to long-term, with positive knock on effects on job creation and economic growth.

And I believe that in the months to come, our robust policy approach response will help to considerably ease the challenges with inflation and the exchange rate pressures.