The Ministry of Finance has attributed the latest 6.9% growth recorded by the economy in the second quarter to various macroeconomic stability and growth interventions that government is pursuing under the IMF-supported Post COVID-19 Programme for Economic Growth (PC-PEG).
The latest growth rate is the fastest in five years, boosted by expansion in several key sectors, according to the Ghana Statistical Service.
In a statement on Thursday (19 September), the Finance Ministry said ” Government will continue to prioritise the restoration and sustenance of macroeconomic stability which is necessary for the promotion of our inclusive growth agenda.”
”The latest GDP statistics released by Ghana Statistical Service (GSS) on Wednesday 18th September 2024, show that the Ghanaian economy is fast recovering amid global challenges and debt restructuring.”
”The economy’s robust recovery is in response to the macroeconomic stability and growth interventions that government is pursuing under our IMF-supported Post Covid-19 Programme for Economic Growth (PC-PEG),” the statement added.
Government says it expecteds the implementation of government’s growth strategy including the Planting for Food and Jobs Phase 2 Programme, the SME Growth and Opportunity Programme, the 1 District 1 Factory Programme, the Economic Enclave Programme under the Ghana CARES Programme will further consolidate the gains we are making in economic recovery to improve the living conditions of the Ghanaian people.
Below is the full statement:
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