{"id":1212785,"date":"2022-09-28T17:36:21","date_gmt":"2022-09-28T17:36:21","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/09\/28\/we-shall-also-be-blessed-with-ghana-miracle-finance-minister-speaks-on-economy-recovery\/"},"modified":"2022-09-28T17:36:21","modified_gmt":"2022-09-28T17:36:21","slug":"we-shall-also-be-blessed-with-ghana-miracle-finance-minister-speaks-on-economy-recovery","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/09\/28\/we-shall-also-be-blessed-with-ghana-miracle-finance-minister-speaks-on-economy-recovery\/","title":{"rendered":"\u201cWe shall also be blessed with Ghana Miracle\u201d \u2013 Finance Minister speaks on economy recovery"},"content":{"rendered":"

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Amidst the worsening economic conditions and government plans to secure an IMF support programme, Finance Minister, Ken Ofori-Atta is hopeful of a \u201cGhana miracle\u201d to salvage the economy.<\/p>\n

Addressing the media on the state of the Ghanaian economy on Wednesday, the Minister said, \u201cthe sanctity and the well-functioning of the financial system are sacrosanct\u201d and the country\u2019s economy can only revive with the support and trust of all Ghanaians.<\/p>\n

Ken Ofori-Atta in his address was optimistic and likened the revival of the country\u2019s economy to the great Celtic Miracle in Ireland in the 1980s when Ireland was one of Europe\u2019s poorest economies and described as the beggars of Europe<\/strong>.<\/p>\n

However, Ireland\u2019s economic situation changed in the 1990s and its economy recorded an impressive average growth rate.<\/p>\n

This is the miracle Ken Ofori-Atta is hoping will materialise in the country\u2019s economy.<\/p>\n

\u201cThe sanctity and the well-functioning of the financial system are sacrosanct and we need the support and trust of all Ghanaians to deliver this. Let us join hands to get this done.<\/p>\n

\u201cThe great Celtic Miracle in Ireland in the 1980s was the result of such collaborations, especially with Labour and we shall also be blessed with the Ghana Miracle,\u201d the Minister said.<\/p>\n

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Meanwhile, the government in a bid to revive the economy has announced a 5-Member Committee consisting<\/strong> of prominent financial services professionals to lead extensive stakeholder engagements across all the key segments of the financial sector \u2013 banking, asset, management, pensions, and insurance \u2013 as part of moves to protect the financial system.<\/p>\n

This is coming following the probability that the nation may undertake a debt restructuring programme.<\/p>\n

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The announcement of the Committee Members is expected to be made in the coming days.<\/p>\n

According to Finance Minister, Ken Ofori-Atta, the committee will immediately get to work to engage key stakeholders in the financial services sector, additional to ongoing engagements with Civil Society Organizations (CSOs), social partners (labour unions, employers, and FBOs), academia, industry professionals, and the leadership of Parliament.<\/p>\n

This, he says, is government ambition to protect the financial sector.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Amidst the worsening economic conditions and government plans to secure an IMF support programme, Finance Minister, Ken Ofori-Atta is hopeful of a \u201cGhana miracle\u201d to salvage the economy. Addressing the media on the state of the Ghanaian economy on Wednesday, the Minister said, \u201cthe sanctity and the well-functioning of the financial system are sacrosanct\u201d and […]<\/p>\n","protected":false},"author":1,"featured_media":1212635,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[7921,1963,457,85,1223,4694,1362,746],"class_list":["post-1212785","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-blessed","tag-economy","tag-finance","tag-ghana","tag-minister","tag-miracle","tag-recovery","tag-speaks"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1212785","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1212785"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1212785\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1212785"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1212785"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1212785"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}