2020 Budget: Ghana’s economy has miraculously turned around - Finance Minister

The Finance Minister says the economy of Ghana has miraculously turned around and moving in the right direction.

He says God’s blessing of hard work is beginning to manifest in the country.

“We have stabilised the macroeconomic turbulence”

Despite the limited resources at government’s disposal, it implemented flagship programmes, gave out stimulus packages and funded social programmes, he told parliamentarians.

The economy has experienced an economic miracle. “I speak to the data”. Economic growth as doubled under Akufo-Addo. Inflation has fallen from over 15% in 2016 to 7.6% in 2019 – the lowest rate in 27 years. The year 2019 has experienced, the slowest ever rise in prices in the entire 4th republic,” he suggested.

The Minority were unhappy about the minister’s reference to the poor state of the economy the government says it inherited in 2017 from the NDC.