\n
The Minister of Finance,\u00a0Ken Ofori-Atta, has said recent figures on Ghana\u2019s inflation rate trending downwards signals a rebound of economic growth, accompanied by exchange stability and interest rates softening.<\/p>\n
On December 14, 2023, the Ghana Statistical Services (GSS) reported that the country\u2019s inflation had slowed down to 26.4% in November 2023, from 35.2% in October 2023.<\/p>\n
Speaking at an end-of-year cocktail event for the\u00a0Bank of Ghana, the finance minister said \u201cin effect, the Bank and the Treasury\u2019s collaborative efforts have halved inflation (from 54.1% in December 2022) in under 12 months.<\/p>\n
\u201cBut while it is welcome news that prices are no longer rising as quickly, we know many people continue to face severe cost of living pressures. So, we must stay the course to continue to get inflation back down to single digits as quickly as possible.\u201d<\/p>\n
Ken Ofori-Atta\u00a0also rallied for collaborative efforts to ensure that all hands are on deck towards the journey of economic transformation.<\/p>\n
\u201cLet\u2019s also not forget that the naysayers will not be abated on our shared journey toward economic transformation. We saw earlier in the year, for instance, how the publication of the Bank\u2019s 2022 Annual report led to a quite frankly timid debate about the competence of the Governor and the Bank\u2019s leadership team.<\/p>\n
\u201cSimply put, we have a lot of work ahead of us, and we cannot afford to lose our focus,\u201d he emphasized.<\/p>\n
He concluded that 2024 will be a period in which the government and citizens must continue to push boundaries, \u201cwork with equanimity, and dispel any cloud of nihilism to guarantee economic freedom and social mobility for all.\u201d<\/p>\n
MA\/AE<\/p>\n
Source:\u00a0<\/strong>www.ghanaweb.com<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
The Minister of Finance,\u00a0Ken Ofori-Atta, has said recent figures on Ghana\u2019s inflation rate trending downwards signals a rebound of economic growth, accompanied by exchange stability and interest rates softening. On December 14, 2023, the Ghana Statistical Services (GSS) reported that the country\u2019s inflation had slowed down to 26.4% in November 2023, from 35.2% in October […]<\/p>\n","protected":false},"author":1,"featured_media":128040,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-131640","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"\n
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