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Thursday, December 8, 2022

These are difficult times but the battle is the Lord’s – Ken Ofori-Atta rallies

These are difficult times but the battle is the Lord’s – Ken Ofori-Atta rallies

The Minister of Finance, Ken Ofori-Atta, has asked Ghanaians to be optimistic about a better future as everything showed that the country would surmont the current challenges.

“These are difficult times for us as a country but as we keep saying, the battle is the Lord’s and it will be done,” Mr Ofori-Atta said at a ceremony to sign this year’s cocoa syndication loan.

Cocoa loan

He said the Ghana Cocoa Board’s (COCOBOD) ability to raise US$1.13 billion from a consortium of international lenders to finance cocoa purchases in the face of the economic downturn showed the faith that the international financial market have in the country.

He said the US$750 million raised from the Africa Export-Import Bank gave credence to that belief in the high prospects of the country.

He said the Afriexim facility “came through against other predictions and the cocoa loan too has come through at the right time

“So, I believe it is time for us to have the type of optimism that will raise Ghana and the black star to where it should be.

Burden sharing

He, however, asked Ghanaians to prepare for burden sharing as the government steps up negotiations with the International Monetary Fund (IMF) for a fund-assisted programme to restore macroeconomic stability.

He said the discussions showed that the country could secure a historic deal different those secured by other African countries.

Read also: COCOBOD secures US$1.13bn to purchase cocoa

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