{"id":613384,"date":"2019-05-06T12:29:59","date_gmt":"2019-05-06T12:29:59","guid":{"rendered":"<br><div>\n<figure class=\"fff post-thumbnail\" itemprop=\"associatedMedia\" itemscope=\"\" itemtype=\"http:\/\/schema.org\/ImageObject\"><img class=\"post_layout_5_img\" src=\"https:\/\/cdn.ghana-mma.com\/2019\/05\/ken-ofori.jpg\" alt=\"Ofori-Atta attributes cedi\u2019s stability "},"modified":"2019-05-06T12:29:59","modified_gmt":"2019-05-06T12:29:59","slug":"ofori-atta-attributes-cedis-stability-after-woes-in-march-to-divine-intervention","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2019\/05\/06\/ofori-atta-attributes-cedis-stability-after-woes-in-march-to-divine-intervention\/","title":{"rendered":"Ofori-Atta attributes cedi&#8217;s stability after woes in March to &#8216;divine intervention&#8217;"},"content":{"rendered":"<p><\/p>\n<div>\n<figure class=\"fff post-thumbnail\" itemprop=\"associatedMedia\" itemscope=\"\" itemtype=\"http:\/\/schema.org\/ImageObject\"><img decoding=\"async\" class=\"post_layout_5_img\" src=\"https:\/\/cdn.ghanamma.com\/2019\/05\/ken-ofori.jpg\" alt=\"Ofori-Atta attributes cedi\u2019s stability after woes in March to \u2018divine intervention\u2019\"\/><span class=\"featured-image-caption\"><br \/>\nFinance Minister &#8211; Ken Ofori-Atta <\/span><br \/>\n<\/figure>\n<p>The Finance Minister, Ken Ofori-Atta has attributed the relative stability of the Ghana cedi to divine intervention.<\/p>\n<p>Speaking at a presentation at the World Meets-In Ghana Investment Forum in Kumasi over the weekend, the Finance Minister said since March 30, 2019, the economy has experienced a significant turnaround.<\/p>\n<p>He stated that the cedi was fast depreciating and became difficult to control it at the time but have been able to achieve positive results.<\/p>\n<blockquote>\n<p>\u201cThe week of March 30<sup>th<\/sup>\u00a0was an incredible week. The Cedi was doing a salsa that we couldn\u2019t control. We were going out of the market to raise money and the board of IMF was meeting to look at how we were going to exit the programme. In that space of 48 hours, the cedi stabilized, we exited the IMF well and we issued our bonds to great reception. So, it is a week we will always remember and we thank God for that. When major issues like that happen, you can only say that it is by divine intervention\u201d.<\/p>\n<\/blockquote>\n<p>He used the opportunity to thank Ghanaians for the patience they showed during the period the cedi was not stable.<\/p>\n<p>\u201cThere is a lot more to go but we need to recognize that for a country to really move through this in 30 months, it is something that we need to thank the good people of Ghana for their patience and thank the Almighty God for our leadership in the presidency for bringing us thus far\u201d.<\/p>\n<p>According to him, the NPP government did not inherit a robust economy but has now built a foundation.<\/p>\n<p>\u201cThe president inherited an economy that did not provide the necessary foundation for the ambitious transformation that we sought. Enormous efforts and resources have been expended to stabilize the economy and once again, the Ghanaian economy is showing enviable indices, the economic growth rate has rebounded from 3.7% to projected 6.8%. The IMF believes that we will be the fastest growing country in the world at 8.8% this year.\u00a0\u00a0We don\u2019t know how they got their figures but we are very happy about that.\u201d<\/p>\n<p><span class=\"ctx-article-root\"\/>  <\/p>\n<\/div>\n<p>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a style=\"display:none\" rel=\"follow\" href=\"http:\/\/megatheme.ir\/\" title=\"\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633\">\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Finance Minister &#8211; Ken Ofori-Atta The Finance Minister, Ken Ofori-Atta has attributed the relative stability of the Ghana cedi to divine intervention. Speaking at a presentation at the World Meets-In Ghana Investment Forum in Kumasi over the weekend, the Finance Minister said since March 30, 2019, the economy has experienced a significant turnaround. He stated [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":613385,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-613384","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ofori-Atta attributes cedi&#039;s stability after woes in March to &#039;divine intervention&#039; - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2019\/05\/06\/ofori-atta-attributes-cedis-stability-after-woes-in-march-to-divine-intervention\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Ofori-Atta attributes cedi&#039;s stability after woes in March to &#039;divine intervention&#039; - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"Finance Minister &#8211; Ken Ofori-Atta The Finance Minister, Ken Ofori-Atta has attributed the relative stability of the Ghana cedi to divine intervention. Speaking at a presentation at the World Meets-In Ghana Investment Forum in Kumasi over the weekend, the Finance Minister said since March 30, 2019, the economy has experienced a significant turnaround. 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