A Deputy Minister for Finance and Economic Planning, Fifi Kwetey, has blamed the country’s economic problems partly on the ongoing Presidential election petition at the Supreme Court.
According to him the “needless” petition has instigated a wait-and-see attitude among international investors towards Ghana.
Commenting on the recently issued Eurobond by the Bank of Ghana, on Radio Gold’s Alhaji and Alhaji the Ketu South Member of Parliament said although Ghana’s economic challenges did cast a dark shadow over the Bond issue, the situation is a turnaround now.
“We need to salute ourselves as a country for the recent success chalked on the international financial market…with the Eurobond”, he said.
Fifi Kwetey believes that in spite of the problems afflicting the country’s economy, credit rating agencies, international emerging market observers are upbeat about Ghana’s economic prospects.
This according to him is because the international community have observed that although the government inherited a problematic economy since 2009, consistent progress has been made.
He said the country’s current economic problems are transient, saying it is sad that people outside Ghana are applauding government progress while the people within are doing otherwise.
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