Minority Leader Dr Cassiel Ato Forson has said government will struggle to achieve its 2 per cent GDP growth this year.
Dr Ato Forson said it will be extremely difficult for government to achieve its target due to the current crisis the economy finds itself at the moment.
The former Deputy Finance Minister insisted that government will struggle to achieve its targets for the year.
“Inflation is hitting the roof, our cedi is depreciating at a rapid rate, our country’s economy is failing to grow, and we will struggle to get 2 per cent GDP growth this year.
“Just like last year they projected something and we got lower than that. I am projecting up to about 2 per cent maximum,” the Ajumako Enyan Essiam MP said in an interview with TV3 on Tuesday, May 2.
Dr Ato Forson was speaking in relation to the new loans approved for the government by Parliament.
Parliament on Tuesday approved a loan agreement between the government and the World Bank for an amount of $200 million to finance the Ghana Digital Acceleration Project.
The House also approved an amount of $150 million for the financing of the West Africa Food System Resilience Programme Phase 2 under the Multi-phase programmatic approach.
It further approved a loan agreement for an amount of $60.6 million as a third Additional Financing for the Ghana Covid-19 Emergency Preparedness and Response Project.
The house also approved an on-lending agreement between the government and the Development Bank Ghana for an amount of €170 million to support the establishment of a financially sustainable development Bank.
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