Finance Minister, Ken Ofori-Atta, has revealed that Ghana is set to hit the one trillion Ghana cedi Gross Domestic Product (GDP) mark for the first time in its economic history in 2024.
This is a marked improvement from the GH¢219.5 billion the Akufo-Addo government inherited in 2016, he said.
According to him, to ensure that the country achieves this yardstick within the final year of President Akufo-Addo’s tenure in office, the government, he said, is jealously guarding the foundation for sustained economic expansion.
“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,” he said November 15, while delivering the budget statement and economic plan for the 2024 fiscal year.
He added that the government in the medium term will maintain economic stability and ensure sustained growth.
“We are determined to remain on this course of increased growth, currency stability, and disinflation over the medium-term. Our future growth prospects are certainly brighter.
“And I am confident that this ”Nkunim” Budget will ensure that we boldly walk on a sustainable path toward creating decent jobs and wealth for our people.
“For with national dedication, the Lord will continue to give us treasures of dark places and hidden riches in secret places,” he said.
Ken Ofori-Atta promised stakeholders of the government’s determination to maintain “the discipline, compassion, and creativity required to keep the economy stable and maintain the robust growth.”
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