programme would help in relatively stabilising the local currency against its major trading partners for the rest of the year, but there would be a slow growth in the economy.
“We must not backslide on the short-term goals agreed with the IMF. The government must implement long-term strategies and revive the failing flagship programmes, including the Planting for Food and Jobs (PFJ),” he urged.
During the presentation of the 2023 mid-year budget to Parliament last Monday, Mr Ken Ofori-Atta, the Finance Minister said despite the headwinds hitting the Ghanaian economy, “we have turned the corner.”
“We have avoided the unimaginable, including empty shop shelves for medicines and other essentials, long queues for fuel and gas, as well as disruptions to power supply as occurred elsewhere,” Mr Ofori-Atta said.
He said: “This turnaround is underpinned by the investments we have collectively made during this difficult period since March 2020,” including the support from the IMF to implement the government’s Post-COVID-19 Programme for Economic Growth (PC-PEG).
He said it was important that going forward, all Ghanaians spoke in the same language of productivity, growth and work closely together to secure a collective success and pledged the government’s resolve to sustain a favourable macroeconomic environment for the benefit of all.
