\n
\u00a0<\/p>\n
Presidential candidate of the New Patriotic Party (NPP), Dr. Mahamudu Bawumia, has announced that the country\u2019s economy is on a swift recovery path.<\/p>\n
Addressing business leaders at the maiden edition of the presidential manifesto gala dinner with CEOs, Dr. Bawumia stated that statistical indicators show significant progress.<\/p>\n
Economic Growth Rate<\/strong><\/p>\nThe Ghanaian economy expanded by 4.8% in Quarter 1 and 6.9% in Quarter 2 of 2024, marking the highest quarterly GDP growth in the past five years.<\/p>\n
Non-oil GDP growth also showed a strong growth rate of 5.6% in the first half of 2024, surpassing the 3.8% growth rate in the first half of 2023.<\/p>\n
Sectoral Performance<\/strong><\/p>\nThe industry sector experienced an average growth of 8.0% in the first half of 2024, while the Agriculture and Service sectors expanded by 5.0% and 4.4%, respectively.<\/p>\n
NPP\u2019s Economic Record<\/strong><\/p>\nDr. Bawumia highlighted the NPP administration\u2019s superior economic record compared to former President John Mahama\u2019s tenure.<\/p>\n
Despite the global economic crisis, the NPP government has outperformed the Mahama government in various sectors, including jobs created, Gross International Reserves, Primary Balance, Trade Balance, GDP, and Agricultural and Industry Growth.<\/p>\n
Challenges and Solutions<\/strong><\/p>\nWhile acknowledging the economy\u2019s progress, Dr. Bawumia recognized the remaining challenges.<\/p>\n
He emphasized the need for continuous innovation to overcome these challenges, proposing \u201cBOLD SOLUTIONS\u201d to upgrade Ghana.<\/p>\n
Previous Economic Struggles<\/strong><\/p>\nGhana\u2019s economy faced significant struggles, including a 54% inflation rate in 2022 and currency depreciation.<\/p>\n
However, Dr. Bawumia expressed gratitude to the Ghanaian people, the business community, and bondholders for their sacrifices in supporting government efforts to restructure debts and safeguard the economy.<\/p>\n
-BY Daniel Bampoe<\/strong><\/p>\n\n\t<\/div>\n","protected":false},"excerpt":{"rendered":"
\u00a0 Presidential candidate of the New Patriotic Party (NPP), Dr. Mahamudu Bawumia, has announced that the country\u2019s economy is on a swift recovery path. Addressing business leaders at the maiden edition of the presidential manifesto gala dinner with CEOs, Dr. Bawumia stated that statistical indicators show significant progress. Economic Growth Rate The Ghanaian economy expanded […]<\/p>\n","protected":false},"author":1,"featured_media":245332,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-249860","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"yoast_head":"\n
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