Speaking to a group of reporters, Dr Adam stated that the country’s ailing economy is rebounding and poised to surprise the world with its robust recovery.
His statement comes at a critical juncture as Ghana navigates through a complex landscape of global economic uncertainties and domestic challenges.
Dr. Adam mentioned that the economy is experiencing a robust rebound after facing significant challenges in the past two years.
“This year, our economy is going to surprise the whole world,” Dr Adam said at a UK Town Hall meeting over the weekend.
“I can tell you that this economy is rebounding strongly. We are rebounding strongly, and it is surprising the world, even the IMF and the World Bank. They are all surprised. Last year, they projected our economy would grow by 1.5%, and we grew by 2.9%. In the first quarter of this year, they projected we would grow at 3.1%, and we grew at 4.7%.
“This economy will grow, and it will grow faster than everybody thinks,” he noted.
Amin Adam also highlighted that under the leadership of President Nana Addo Dankwa Akufo-Addo, the government has implemented a series of bold economic reforms and stimulus measures aimed at stabilising the economy.
These measures, he said included fiscal consolidation, debt restructuring, which has been ended, and initiatives to diversify the economy and reduce dependency on volatile commodity markets.
Ghana’s GDP growth has shown a significant uptick, with projections suggesting a return to pre-pandemic growth levels.
Key sectors such as agriculture, services, and industry are witnessing renewed vigour, bolstered by both public and private sector investments.
