Mr. Kojo Oppong Nkrumah, Minister for Information, has reiterated the government’s plans of stabilising the economy on the back of global economic crises.
According to him, at a time when the world was dealing with a cost of living crisis, rising energy prices, and supply-demand imbalances in several commodity markets occasioned by the geopolitical tension between Russia and Ukraine and the COVID-19 pandemic, the government was keen on putting in place the appropriate measures that woulf lead to the transformation of the economy.
He said this on the #PatrioticSpaces, a live virtual conversation platform on social networking site Twitter on Wednesday, September 8, 2022.
Speaking on the topic “Progressing amidst Global Crises”, Mr. Oppong Nkrumah said while emerging challenges had largely impacted Ghana’s economy, the government was unrelenting in stabilising the economy and sending it back to its 2019 levels.
“There are a lot of investments going into enterprise. The Ghana Enterprises Agency (GEA) is pumping a lot of money to support young business people while industry is also flourishing.
We are opening more export channels so that we can earn more foreign exchange. The plan is to stabilise the economy and invest in the growth driving sectors of the economy.
“These are the key initiatives that will ensure that we can get economic activities up and running. Once economic activities are running, productivity is high and people start earning decent incomes and are improving their quality of lives,” the Minister said.
In doing this, the Minister said the government would continue to invest in the real sectors of the economy, particularly in sectors such as agriculture, industry, and youth entrepreneurship and aggressively push its export promotion agenda by hand-holding non-traditional exporters to stimulate higher export of Ghanaian commodities.
This, he said, would create more jobs, increase people’s incomes, and, at the same time, help turn the economy around and push Ghana back on the path of prosperity.
