Audio By Carbonatix
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
-
Iran World Cup players granted visas to enter the US, says White House official
1 hour -
Now that kidnapping has become an industry…, by Adekunle Adekoya
1 hour -
Old students’ association breaks silence over Kumasi Academy arson threats
1 hour -
Suspect to be arraigned on June 8 – GHS condemns midwife assault
2 hours -
Firefighters cut through mangled taxicab to save trapped passenger after STC bus crash
3 hours -
Mona Montrage, 31 other Ghanaians named in US ‘Worst of the Worst’ arrested criminal list
3 hours -
Kumasi to go dry for 48 hours as Barekese Water Treatment Plant shuts down for critical repairs
4 hours -
Democracy without Dividends? Governance expert warns citizen apathy could endanger Ghana’s democratic future
4 hours -
Annual Flooding and Piss-Poor Leadership
4 hours -
Attack on Community 22 Polyclinic midwife sparks renewed call for safety at health facilities
4 hours -
Abu Jinapor accuses gov’t of diluting anti-LGBTQ bill, calls for assent to original 2024 version
4 hours -
Teachers suspend strike over assault after assurances from Western Regional Minister
5 hours -
US military says it struck Iranian drones and radar sites
6 hours -
Where is the GH¢25.3 million difference? NPP fires questions at Finance Ministry
6 hours -
The cash-in-the-sofa saga that just won’t go away for South Africa’s president
6 hours