The Member of Parliament (MP) for the Mpraeso constituency, Davis Ansah Opoku, has said the Ghanaian economy is witnessing steady growth despite the challenges posed by the Covid-19 pandemic and the Russia-Ukraine War.
According to Mr Ansah Opoku, the Akufo-Addo/Bawumia government has implemented robust economic policies to alleviate the difficulties faced by Ghanaians.
During the parliamentary debate on the 2024 budget statement on Thursday, November 23, the lawmaker urged citizens to exercise patience with the government.
He referred to the 2024 budget as the “Nkunim [Victory] Budget,” highlighting the visible economic progress in the country.
Mr Ansah Opoku pointed to the drop in inflation and the strong performance of the Ghanaian currency against major trading currencies as indicators of this growth.
“The government reduced inflation from 54.1 per cent in December 2022 to 35.2 per cent in October 2023. Despite an initial projection of 1.5 per cent growth, the economy experienced a notable surge, achieving an average growth of 3.2 per cent in the first two quarters of the year.”
“The Ghanaian currency, which had previously been under severe pressure, saw a more modest depreciation of 6.4 per cent cumulatively from February to the date of the report, compared to a 53.9 per cent depreciation over the same period in 2022,” the lawmaker explained.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
- President Commissions 36.5 Million Dollars Hospital In The Tain District
- You Will Not Go Free For Killing An Hard Working MP – Akufo-Addo To MP’s Killer
- I Will Lead You To Victory – Ato Forson Assures NDC Supporters
Visit Our Social Media for More
About Author
