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GHANA’S ECONOMY PROJECTED TO EXCEED GH¢1 TRILLION IN 2024 – Ofori Atta

Ghana’s economy is anticipated to surpass GH¢1 trillion in 2024, according to the Finance Minister, Ken Ofori-Atta.

He revealed that, during President Akufo-Addo’s final year in office, the country’s economic value is projected to escalate from GH¢219.5 billion in 2016 to the historic milestone of GH¢1 trillion.

Addressing parliament on Wednesday, Ofori-Atta emphasized the significance of the 2024 Budget, stating, “Mr. Speaker, the 2024 Budget is even more significant because we will cross the GH¢1 trillion Gross Domestic Product (GDP) mark for the first time in our economic history. Let me repeat, Mr. Speaker, Ghana’s economy under President Akufo-Addo’s final year in office is projected to be valued at over GH¢1 trillion in 2024 from GH¢219.5 billion in 2016.

“Mr. Speaker, with such a milestone ahead of us, the 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. And we shall do so by ensuring that the enabling factors are in place and accessible to all.

“These 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 AfCFTA.”

 

 

 

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