{"id":173664,"date":"2024-04-21T19:14:37","date_gmt":"2024-04-21T19:14:37","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/04\/21\/ghanas-economy-on-path-to-stability\/"},"modified":"2024-04-21T19:14:37","modified_gmt":"2024-04-21T19:14:37","slug":"ghanas-economy-on-path-to-stability","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/04\/21\/ghanas-economy-on-path-to-stability\/","title":{"rendered":"Ghana&#8217;s economy on path to stability"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Dr Mohammed Amin Adam, the Minister of Finance, has stated that Ghana\u2019s economy is heading towards stabilisation.<\/p>\n<p>He attributes this to the country\u2019s robust economic progress and strong recovery.<\/p>\n<p>He made these remarks at a press conference following the Spring Meetings in Washington on Sunday, April 21, 2024.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-1040452\" src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2024\/04\/438658600_767180388874716_2923026445109762135_n.jpg\" alt=\"\" width=\"1080\" height=\"810\"  \/><\/p>\n<p>The Minister pointed out that the primary deficit was 4.3% of the Gross Domestic Product (GDP) at the end of 2022.<\/p>\n<p>He highlighted that by the end of 2023, the primary deficit had shrunk to a mere 0.3%, representing a four-percentage point decrease.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-1040448\" src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2024\/04\/438102575_767206058872149_8254396414634714469_n.jpg\" alt=\"\" width=\"1080\" height=\"810\"  \/><\/p>\n<p>He anticipates a surplus of 0.5% of GDP by the end of this year, and 1.5% of GDP by next year.<\/p>\n<p>\u201cFor example, the primary deficit by the end of 2022 was 4.3% of GDP. By the end of 2023, the primary deficit had reduced to just 0.3% which is about 4 percentage point decline in the primary deficit. We are expecting to end this year with a surplus of 0.5% of GDP and then next year to 1.5% of GDP.\u201d<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-1040453\" src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2024\/04\/438094740_767178978874857_8989425016653948390_n.jpg\" alt=\"\" width=\"1080\" height=\"810\"  \/><\/p>\n<p>\u201cAnd so Progress is good, recovery is strong, and we are heading very quickly to stabilisation which is what we need to generate growth,\u201d he stated.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-1040449\" src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2024\/04\/438059623_767206045538817_3002972861939444713_n.jpg\" alt=\"\" width=\"1080\" height=\"810\"  \/><\/p>\n<p>\u00a0<\/p>\n<hr\/>\n<p><em><strong>Explore the world of impactful news with CitiNewsroom on WhatsApp!<\/strong><\/em><\/p>\n<p><em><strong>Click on the link to join the Citi Newsroom channel for curated, meaningful stories tailored just for YOU:\u00a0https:\/\/whatsapp.com\/channel\/0029VaCYzPRAYlUPudDDe53x<\/strong><\/em><\/p>\n<p><strong>No spams, just the stories that truly matter! #StayInformed #CitiNewsroom #CNRDigital<\/strong><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Dr Mohammed Amin Adam, the Minister of Finance, has stated that Ghana\u2019s economy is heading towards stabilisation. He attributes this to the country\u2019s robust economic progress and strong recovery. He made these remarks at a press conference following the Spring Meetings in Washington on Sunday, April 21, 2024. The Minister pointed out that the primary [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":173665,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-173664","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ghana&#039;s economy on path to stability - 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\/2024\/04\/21\/ghanas-economy-on-path-to-stability\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ghana&#039;s economy on path to stability - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Dr Mohammed Amin Adam, the Minister of Finance, has stated that Ghana\u2019s economy is heading towards stabilisation. 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