\n
The government is fast-tracking the disbursement of nearly $1 billion by development partners to bolster the growth of the economy.<\/p>\n
This is among the raft of measures being rolled out by the government before the end of the year to strengthen the country\u2019s macroeconomic progress.<\/p>\n
Finance Minister, Dr. Mohammed Amin Adam, cites the relative stability of the cedi, decreased inflation and declining interest rates as positive indicators of economic recovery that must be sustained through robust fiscal policies.<\/p>\n
Speaking at the opening of the 3i Africa summit, Dr Amin-Adam said the acceleration will also create a favourable environment for the financial sector to grow.<\/p>\n
\u201cThe government is also implementing measures on the fiscal side including the acceleration of disbursement of $1 billion by our development partners between now and December ending to support the economy.\u201d<\/p>\n
\u201cGhana\u2019s economic rebound has been quite swift with economic growth ending the year 2023 at 2.9% against a target of 1.5%, inflation heading towards the year-end target of 15%, and interest rates declining. Despite recent pressures on our currency, the cedi\u2019s depreciation year-to-date of 12% is far lower than its depreciation of 27% in
the same period last year\u201d, the Minister added.<\/p>\n
Dr. Mohammed Amin Adam, also underscored the need for collective action and strategic partnerships to fully harness the potential of financial technology.<\/p>\n
\u201cRealising the full potential of fintech in effecting substantive change necessitate concerted efforts and strategic alliances among various stakeholders including governments, regulatory bodies, financial institutions, technology firms and civil society organisations.\u201d<\/p>\n
\u201cWe must also transcend national boundaries and forge strategic partnerships spanning sectors industries and jurisdictions to make meaningful progress,\u201d he stated.<\/p>\n
<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
The government is fast-tracking the disbursement of nearly $1 billion by development partners to bolster the growth of the economy. This is among the raft of measures being rolled out by the government before the end of the year to strengthen the country\u2019s macroeconomic progress. Finance Minister, Dr. Mohammed Amin Adam, cites the relative stability […]<\/p>\n","protected":false},"author":1,"featured_media":182276,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-182275","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"\n
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