Ghana’s Economy: Govt vows quicker turnaround

Finance Minister Ken Ofori-Atta has promised that he will take urgent steps to make sure the crippling Ghanaian economy bounce back in 2 and half years.

He disclosed this during presentation of 2022 Mid-year-budget statement in Ghana’s Parliament on Monday 25 July 2022.

The Overall Real Gross Domestic Product (GDP) for 2021 grew strongly by 5.4 per cent compared to 0.5 percent recorded in 2020 and the revised 2021 annual target of 5.1 per cent, the Finance Minister, Ken Ofori-Atta has said in the 2022 mid-year budget review.

Presenting the budget in Parliament on Monday, July 25, he said, at the time of presenting the 2022 Budget in November last year, we
provided information on macroeconomic developments for the first nine months of the 2021 fiscal year.

“We now have received updated information through to the end of December 2021,” he said.

“Overall Real GDP for 2021 grew strongly by 5.4 percent compared to 0.5 percent recorded in 2020 and the revised 2021 annual target of 5.1 percent”.

Read the full 2022 Mid-year-budget statement

2022-Mid-Year-budget-speech-250722-Final-v2