Abena Osei-Asare: Government is driving home reforms to sustain economic growth
The minister’s statement comes after the International Monetary Fund (IMF) revised its growth projection for Ghana up from 2.8% to 3.1 % for this year
The Minister of State in the Ministry of Finance, Abena Osei-Asare, has said that the Government of Ghana is putting in place key structural reforms to support recent growth in the economy.
The minister’s statement comes after the International Monetary Fund (IMF) revised its growth projection for Ghana up from 2.8% to 3.1 % for this year.
Speaking at the official opening of the inaugural Quarterly Economic Round Table (QER) on Tuesday (2 July 2024), Osei-Asare said the Ghanaian economy is showing signs of great recovery.
The QER took place at the Institute of Statistical, Social and Economic Research (ISSER) Conference Hall in the University of Ghana, Legon.
“The recent pressures on the cedi are being contained, our gross international reserves are improving, fiscal consolidation is holding, and the rate of accumulation of public debt is declining following the successful completion of the debt restructuring programme,” she said.
“We are putting in place key structural reforms to support growth, just last Friday the IMF board approved the second review and US$360 million relating to the programme was approved,” Osei-Asare said.
Listen to Abena Osei-Asare in the audio clip below:
About the QER
The QER initiative aims to bridge the gap between policymakers and academia, fostering research-driven and evidence-based policy formulation.
The maiden event focused on how Ghana can restore macroeconomic stability, addressing critical aspects of fiscal room, debt and monetary policy. Distinguished panellists from government, academia and civil society led robust discussion on these and other matters.
One panel explored the role of fiscal policy in macroeconomic stability and a second addressed debt management and its economic implications.
The third panel focused on monetary policy, analysing inflation targeting by the central bank and exploring measures taken to stabilise the cedi.
Reporting by Fred Dzakpata in Accra
