A technical advisor at the Ministry of Finance, Dr Abdul Ganiyu, has said all the indicators point to the fact that that the economy is picking up.
He makes the observation that the positive trajectory in the economy has been taking place for a while.
“The positive trajectory has been on,” he said on the Key Points on Tv3 Saturday November 9.
He added “We have turned the corner. Indeed, the economy is growing.”
Earlier the Finance Minister, Dr. Mohammed Amin Adam declared that the economy was experiencing a robust rebound after facing significant challenges in the past two years.
“This year our economy is going to surprise the whole world,” Dr Adam said at a UK Town Hall meeting.
“I can tell you that this economy is rebounding strongly. We are rebounding strongly, and it is surprising the world even the IMF, the World Bank. They are all surprised. Last year, they projected our economy will grow at 1.5%, we grew at 2.9%. This year in the first quarter of this year, they projected we will grow at 3.1% we grew at 4.7%.
“This economy will grow, and it will grow faster than everybody thinks,” he stated.
He also disclosed that President Nana Addo Dankwa Akufo-Addo had directed the Ministry of Finance to release GH¢1.5 billion to customers affected by the banking sector clean-up.
Dr Adam acknowledged that the government should not be held accountable for their investment decisions, but noted that mistakes were made in this case and people were not well-informed.
He stated that some individuals had suffered greatly, with some even losing their lives due to the impact of the clean-up.
