{"id":765987,"date":"2019-12-16T13:32:57","date_gmt":"2019-12-16T13:32:57","guid":{"rendered":"https:\/\/ghana-mma.com\/2019\/12\/16\/foreign-direct-investment-up\/"},"modified":"2019-12-16T13:32:57","modified_gmt":"2019-12-16T13:32:57","slug":"foreign-direct-investment-up","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2019\/12\/16\/foreign-direct-investment-up\/","title":{"rendered":"Foreign Direct Investment Up –"},"content":{"rendered":"

<\/p>\n

\n

President Nana Addo Dankwa Akufo-Addo <\/strong><\/p>\n

President Nana Addo
\nDankwa Akufo-Addo has stated that the macroeconomic achievements of his
\ngovernment in the past three years have positioned the country to be the
\nlargest recipients of foreign direct investment in the West African sub-region.<\/p>\n

According to him, the
\nreduction in inflation, interest rate and fiscal deficits of the country have a
\nmeaning in the lives of the citizens and businesses, indicating that the
\neconomic numbers are not mere statistics but have significant impact on the
\npockets of Ghanaians.<\/p>\n

Addressing
\njournalists at a media encounter at the Jubilee House in Accra on Friday, the
\nPresident said businesses had begun to see a rise in their growth, while that
\nof agriculture was soaring high.<\/p>\n

He stated that the
\ncountry\u2019s economic growth was only at 3.3 per cent when he took office on
\nJanuary 7, 2017, with inflation rate at 15 per cent and a high fiscal debt, adding
\nthat \u201cmacro(economic) figures are not just statistics; they reflect what
\nhappens in your pocket and \u2026 your ability to handle issues of daily living.\u201d<\/p>\n

President Akufo-Addo
\nasserted that the nation\u2019s weighted average of inflation for this year is
\naround 8.4 per cent, a significant improvement of the figure the government
\ninherited.<\/p>\n

\u201cThere has been
\nsignificant improvement in the fiscal statistics. A 9.3 deficit has been
\nbrought to a 4.5 deficit; our economy is projected to be one of the fastest
\ngrowing in the world. The macroeconomic fundamentals are trending the right
\nway,\u201d he noted.<\/p>\n

\u00a0\u201cOver these past three years, there\u2019s been an
\naverage growth of 7 per cent so expansion is beginning to take place. We now
\nhave a current account balance; It\u2019s having positive impact on interest rate,\u201d
\nthe President pointed out.<\/p>\n

He indicated that the
\ngrowth and expansion of the economy would help solve issues of unemployment,
\npoor income levels and high cost of living.<\/p>\n

The annual rate of
\ngrowth in GDP (the value of goods and services in the economy) has generally
\nbeen strong.<\/p>\n

For him, these macroeconomic achievements are significant for the country, and that it is important for his government to make sure the fiscal deficits, rate of inflation, rate of interest and other macroeconomic fundamentals are held in a good place in order to sustain the gains made. <\/p>\n

From Ernest Kofi Adu, Kumasi<\/strong> <\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

President Nana Addo Dankwa Akufo-Addo President Nana Addo Dankwa Akufo-Addo has stated that the macroeconomic achievements of his government in the past three years have positioned the country to be the largest recipients of foreign direct investment in the West African sub-region. According to him, the reduction in inflation, interest rate and fiscal deficits of […]<\/p>\n","protected":false},"author":1,"featured_media":720243,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-765987","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"\nForeign Direct Investment Up - 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\/12\/16\/foreign-direct-investment-up\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Foreign Direct Investment Up - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"President Nana Addo Dankwa Akufo-Addo President Nana Addo Dankwa Akufo-Addo has stated that the macroeconomic achievements of his government in the past three years have positioned the country to be the largest recipients of foreign direct investment in the West African sub-region. 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