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The Member of Parliament (MP) for the Mpraeso constituency, Davis Ansah Opoku, has emphatically asserted that the Ghanaian economy is witnessing steady growth despite the challenges posed by the COVID-19 pandemic and the Russia-Ukraine War.<\/p>\n
According to Mr Ansah Opoku, the Akufo-Addo\/Bawumia government has implemented robust economic policies to alleviate the difficulties faced by Ghanaians. <\/p>\n
During the parliamentary debate on the 2024 budget statement and the government’s economic policy on Thursday, November 23, the lawmaker urged citizens to exercise patience with the government as it has put in pragmatic steps to revive the economy. He assured Ghanaians that \u201cthe NPP remains better managers of Ghana\u2019s economy\u201d. <\/p>\n
He referred to the 2024 budget as the “Nkunim Budget,” highlighting the visible economic progress in the country. <\/p>\n
Mr Ansah Opoku pointed to the drop in inflation and the strong performance of the Ghanaian currency against major trading currencies as indicators of this growth.<\/p>\n
“The government reduced inflation from 54.1 per cent in December 2022 to 35.2 per cent in October 2023.”<\/p>\n
“Despite an initial projection of 1.5 per cent growth, the economy experienced a notable surge, achieving an average growth of 3.2 per cent in the first two quarters of the year.”<\/p>\n
“The Ghanaian currency, which had previously been under severe pressure, saw a more modest depreciation of 6.4 per cent cumulatively from February to the date of the report, compared to a 53.9 per cent depreciation over the same period in 2022,” the lawmaker explained.<\/p>\n
In his presentation on the floor, the legislature highlighted the tremendous progress in the country’s housing sector. He singled out the government’s rent assistance program as an initiative to lessen the burden on Ghanaians, especially the youth.<\/p>\n
Source: King Edward Ambrose Washman Addo\/peacefmonline.com\/ghana<\/span><\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n
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