Data from Bank of Ghana shows Ghana’s economy is firmly on the path of recovery – Akufo-Addo

President Nana Addo Dankwa Akufo-Addo has called on Ghanaians to continue working with the government to build an economy that is stable, inclusive, and prosperous.

He said this on Wednesday, 20th November 2024,  when he commissioned The Bank Square, the magnificent new headquarters of the Bank of Ghana, located in the heart of Accra.

He notes that this architectural masterpiece is more than just a building; it represents a beacon of Ghana’s financial strength, resilience, and aspirations for a sustainable future.

Designed with eco-friendly technologies and cutting-edge innovations, it stands as a symbol of modern Ghana, prepared to meet the demands of a dynamic global economy, Mr Akufo-Addo said.

President Akufo-Addo said “The Bank Square reflects the remarkable progress of our nation. Recent data from the Bank of Ghana shows that Ghana’s economy is firmly on the path of recovery. Provisional GDP growth of 6.9% in the second quarter of 2024, with a robust non-oil growth of 7.0%, highlights the strength of our agriculture, industry, and services sectors.

“Inflation has been sharply reduced from 54.1% in 2022 to 22.1% as of October 2024, bringing relief to households and businesses alike. These achievements are further bolstered by a trade surplus of $2.78 billion and international reserves of $7.5 billion, which provide a strong buffer against external shocks.”

He added “This milestone is a testament to the Bank of Ghana’s commitment to sound monetary policies under the leadership of Governor Ernest Addison and his dedicated team. I applaud their efforts, as well as the creativity and expertise of the architects, engineers, and contractors—especially GoldKey Properties, a wholly Ghanaian entity—that brought this vision to life. Together, we are building a foundation for a resilient economy, inclusive growth, and a brighter future for all Ghanaians.”

“As we celebrate this achievement, I call on all of us to continue working together to build an economy that is stable, inclusive, and prosperous.

“The Bank Square is not just a symbol of what we have accomplished; it is an inspiration for what lies ahead. Let us remain united in our efforts to make Ghana great and strong!” he said.

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