Finance Minister, Ken Ofori-Atta, says Ghana will continue with the great business environment to attract blue chip and multinational firms to grow the economy and create jobs.
The country already is a haven for giants such as Google, Twitter and automobile giants including Toyota and Volkswagen.
Speaking to CNN, Mr. Ofori-Atta said “if you look at the economy since 2017, I mean clearly, we went through the head wings and built quite a bit of resilience before the pandemic [Covid-19]. So, when Africa’s sort of first recession and contraction of about 2% occurred, we managed to achieve 0.4% growth.”
Furthermore, the Finance Minister said “and then the president [Akufo-Addo] employed us to put together a recovery package that we call it Ghana Cares Programme which is a ¢100 billion programme on accord of Gross Domestic Product, looking to revitalization of the economy and also the taking off smoothly of the Africa Continental Free Trade Agreetment; they’ve been here to create a regional hub”
“Twitter was able to come here because of these types of aggressive outward positions that we have. So, it’s really an issue of continuing over a great business environment where Google is here, manufacturing and assembling of VW and Toyota vehicles are happening here”, he added.
On the issue of Ghana being perceived of having a stable economy, the Finance Minister said the country has established a very enduring democratic environment which has brought stability to the economy.
He added that “the excitement really for us as a country is the demonstration that we are having and how we have tackled the Covid-19 problem; when it came in terms of the speed in which the president [Akufo-Addo] came out to state categorically that we do not know how to bring people back people to life, but we know how to fix the economy”.
Mr. Ofori-Atta also said AfCFTA is actually the next wave of independence for Ghana and the rest of Africa with regards to trade and investment.
Latest Stories
-
I’m proud that despite all the challenges, we have maintained Free SHS – Akufo Addo
3 hours -
Alan’s running mate, KOD says GRASP will revolutionize care for the Elderly in rural areas
3 hours -
Election 2024: Alan paints Accra yellow as the crowd marches through the capital with him
3 hours -
Vacant seats: Speaker has not done what would have led to greater peace – Kofi Bentil
3 hours -
Police on manhunt for Adabraka daylight robbers
3 hours -
Lordina Mahama presents medical supplies and equipment to Tishigu Health Center
3 hours -
Lordina Mahama urges Ghanaians to prioritise regular health screenings
3 hours -
EC to reassess decision on presidential ballot printing next week – Dr Bossman Asare
4 hours -
Shark attacks surfer, 61, on Hawaiian island of Maui
4 hours -
29 Nigerian children may be sentenced to death for protesting against cost-of-living crisis
4 hours -
Nigerian becomes first black woman to lead major political party in the UK
5 hours -
Perception issues affecting Supreme Court – Nii Armah Addy
5 hours -
Armed men bolt with cash at Adabraka market in dramatic daylight robbery
5 hours -
Bawku Conflict: National Security fully aware of events – Bawku Naaba’s lawyer
5 hours -
Dodome to celebrate festival in a bid to construct traditional council facility
5 hours