Ghana’s Economy on the Path to Recovery- Frederick Opare Ansah

In an exclusive interview with Kwame Adinkra, former Member of Parliament for Suhum, Frederick Opare Ansah, expressed optimism about Ghana’s economic recovery post-COVID-19. Despite the pandemic triggering a global recession, Ansah noted significant improvements in Ghana’s economy, citing the reduction in inflation rate as a key indicator.

“The inflation rate, which peaked at 50-60% in December 2023, has significantly decreased to a more manageable level currently,” Ansah explained. “This downward trend is a clear indication that our economy is on the path to recovery.”

Ansah acknowledged that the improvements might not be overtly apparent to all Ghanaians, but emphasized that the country is making steady progress. He praised the government’s efforts to stabilize the economy, particularly the introduction of interoperability, which has simplified bank transactions and enhanced financial inclusion.

Ansah credited Vice President Dr. Bawumia, the New Patriotic Party’s presidential candidate, for working diligently to establish systems that benefit all Ghanaians. Dr. Bawumia’s quiet efforts to create a robust economic framework will have a lasting impact on our country’s development, he added.

Ansah’s insights offer a hopeful outlook on Ghana’s economic future, indicating a steady recovery from the pandemic’s impact. As the country continues on this upward trajectory, Ghanaians can expect improved economic opportunities and a brighter future.

Source: Adwoa Nyarko Asiamah

11th June, 2024

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