[ad_1]
General News of Thursday, March 28, 2019
Source: asempanews.com
2019-03-28
play the videoMinister of Finance Ken Ofori-Atta
Finance Minister Ken Ofori-Atta lamented that President Akufo-Addo's administration is going through a difficult period in order to heal the Ghanaian economy, which he said was broken under the government of former President Mahama .
He noted that the healing process was not easy. "It's difficult; he was restrictive. "
According to him, "the economy under the Mahama government was in serious crisis".
He added that the economy was down but that it needed to be repaired by President Akufo-Addo's administration.
Mr. Ofori-Atta made the remarks in a speech to Parliament today, on March 28, 2019, on the success of Ghana's completion of the extended credit facility of the International Monetary Fund (IMF). ).
His talk also focused on the history of the $ 3 billion Ghanaian euro bond, as well as recent developments in the foreign exchange market and the Ghana cedi.
He noted that the year 2016 under the Mahama government was characterized by excessive tax dominance, higher than that observed during the 2012 election campaign.
This, he said, meant that it was impossible for Ghana to end the IMF's FEC program in 2018 as planned.
He described 27 achievements of the Akufo-Addo administration since taking office more than two years ago, including 12 structural benchmarks.
He explained how governments' economic policies have helped stabilize inflation in Ghana and have led to overall macroeconomic stability.
Source link
