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
There is a good reason why you should support the African Editors. Not everyone can afford to pay for news right now. That is why we keep our journalism open for everyone to read, including in Ghana. If this is you, please continue to read for free. But if you are able to, then there are three good reasons to support us today.
1. Our quality, journalism is a scrutinising force at a time when the rich and powerful are getting away with more and more.
2. We are independent and have no billionaire owner pulling the strings, so your money directly powers our reporting.
3. It doesn’t cost much, and takes less time than it took to read this message.
Help power the African Editors' journalism for the years to come, whether with a small sum or a larger one. If you can, please support us on a monthly basis from just $2 through mobile money number: 0599896099/ +233059989609 and you can be rest assured that you’re making a big impact every single month in support of open, independent journalism. Thank you.