Director at the Institute of Statistical, Social and Economic Research (ISSER) at the University of Ghana, Prof Peter Quartey, is impressed with the recent apology by the Finance Minister.

On Tuesday, Dr Amin Adam apologised to Ghanaians for the hardships experienced due to the Domestic Debt Exchange Programme (DDEP).

• Read also: It wasn’t our intention to impose hardship on you, forgive us – Finance Minister apologises to Ghanaians

Prof Quartey says this act is a sign of true leadership since very few politicians would willingly admit to problems resulting from certain bad governance decisions.

He said he was impressed by the Finance Minister's act, especially since most of the decisions occurred before he became Finance Minister.

“I think there is no doubt that the DDEP caused pain to Ghanaians, to investors, to banks who were making profit, all of a sudden became lost-making and investors lost income or expected income.

“However, I think I admire his candidness and willingness to apologise. I mean, we are in this country how many politicians or leaders have we seen apologising when something goes wrong.

“After all he was not the Finance Minster at the time yet he had that boldness and candidness to apologise. For me, I admire his candidness,” he said on JoyFM’s Top Story.

Also, he backed Dr Adam's claim that the economy was witnessing growth.

Prof Quartey explained that, per available data, the country's growth projection has been revised upwards.

He added that although fuel prices and the cost of doing business are better than they used to be, it is necessary for growth to happen faster to alleviate 20% of the population from poverty.