Twenty-two months into the administration of President Akufo-Addo, Ghana is on the rise again, with prospects for growth and development bright, the Vice President has said.
According to Dr Mahamudu Bawumia, ongoing structural and policy initiatives, including a commitment to transforming the economy and paying greater attention to human resource development, will set the stage for a brighter future for Ghana.
“By any stretch of the argument, if one looks at the progress made in the last 22 months there is no doubt that Ghana is on the rise again. The Nana Akufo-Addo government has implemented policies and programmes that have had a direct benefit on the life of the ordinary Ghanaian while dealing with the challenges that we inherited as a government.
“We are more than convinced that the future can only be bright and we keep higher hopes. We can only thank God Almighty for how far he has brought us as a nation. ”
Dr. Bawumia, who was giving an overview of government’s performance to the Ghanaian community in Lebanon on Tuesday as part of a three-day visit, said the administration would continue to think outside the box to make Ghana an example to the rest of the continent.
He is in Lebanon to witness the award of United Nations Medals to Ghana’s contingent attached to the United Nations Interim Force in Lebanon (UNIFIL).
The Vice President cited the gains made in the macroeconomy, including an increase in the size of the Ghanaian economy from 3.7% in 2016 to 8.5% in 2017; a decline in inflation from 15.4% in 2016 to 11.8% in 2017 and now standing in single digits at 9.5%.
Again he mentioned a decline in the debt to GDP ratio from 73.1% in 2016 to about 55% following the rebasing of the economy, as evidence of government’s firm grip on the economic management wheel.
Dr. Bawumia stated, among others, that such macroeconomic improvements led to the upgrading of Ghana’s credit rating for the first time in ten years from B minus to B with positive outlook by Standard and Poors, a global ratings agency.
“My assurances to you all and all Ghanaians are that your economy is in competent hands and there is more to come under the visionary leadership of Nana Addo Dankwa Akufo Addo.”
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