A Minister of State at the Finance Ministry, Abena Osei-Asare, has announced that government is collaborating with businesses to enhance economic conditions and create a more supportive environment for business growth.

“In doing that, everything that the government said it was going to pursue, including policies in the 2024 budget, is on track.

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"You should rest assured that we are working together to make sure we create that enabling environment to make things relatively easier for them to do business,” she said on Joy News’ PM Express Business Edition.

Mrs Osei-Asare highlighted signs of economic recovery.

“The rate of inflation is coming down, the volatility in exchange rates has stabilized, and we see prospects of growth. In the first quarter, GDP grew by 4.7%.

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"Industry grew by 6.8%, the agricultural sector by 4.1%, and the services sector by 3.3%,” she said on Thursday.

In his mid-year budget review to Parliament on July 23, Finance Minister Dr Mohammed Amin Adam attributed this positive performance to effective policy measures, robust economic management, and the unwavering spirit of the Ghanaian people.

However, the President of the Ghana Union of Traders Associations (GUTA), Dr Joseph Obeng, expressed concerns about the stability of the local currency and urged government to maintain economic gains for the business community.

Read also: We want to see a stable cedi – GUTA President

Minister of State at the Finance Ministry assured that the government is aware of these issues and is working to address them.

Mrs Osei-Asare stressed that government is committed to raising the necessary revenue to implement its budget plans, even in an election year.