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Govt has a great economic recovery plan – Ahiagbah

Thu, 8 Jun 2023 Source: Island Reporters

Mr. Richard Ahiagbah, Director of Communications for the New Patriotic Party (NPP), has issued a request for support for the economic recovery plan that is included in the Post COVID-19 Programme for Economic Growth.

He stated that the government has a wonderful strategy for economic recovery that is included in the program that is being bailed out by the International Monetary Fund (IMF).

"We have a great economic recovery plan in the Post Covid-19 Program for Economic Growth," said the speaker. "We have a great economic recovery plan in the Post Covid-19 Program for Economic Growth." Let's collaborate to make sure that it is implemented, as he tweeted earlier.

Dr. Mahamudu Bawumia, Ghana's Vice President, has also stated that the economy is on the path to recovery, and he has urged foreign investors to take advantage of the investment possibilities that have been established in the various sectors of the Ghanaian economy.

On Tuesday, June 6, 2023, he made these remarks while speaking at the 3rd Ghana Investments and Opportunities Summit in London. "We are living in extraordinary times," he stated. The rate of inflation has been climbing steadily over the past two years. Its ascent has been meteoric, abrupt, and unprecedented around the world. It is currently at levels that have not been seen for many generations in many regions of the planet. In the meantime, the world's financial systems have begun to show signs of pressure. In the past few decades, we have witnessed tremendous inflation and the simultaneous emergence of financial hardship for the first time ever. As we are all well aware, the world is still dealing with challenging times that are brought on by a number of different causes. These causes include, amongst others, the effects of climate change and disruptions in the supply chain of manufacturing goods brought on by the pandemic.

 the speaker explains to Chinese Ambassador Dr. Bawumia, the government is working to strike a balance between responsible fiscal management and targeted public investments that unlock growth. Please assist in the eradication of illegal Chinese miners.

"We are only here to support you because the private sector is the engine of growth," the speaker said. Our government is serving as a facilitator for you at this time. We will remove roadblocks and give higher priority to projects and industries that are important to the overall strategy. In his keynote presentation, he stated that they believe that "this is an exciting time to be a part of Ghana's economic growth."

"It is specifically in this environment that we have decided to organize this Investment and Opportunities Summit. To begin, one of our primary goals is to demonstrate that Ghana is once again on the right track and that robust prospects for profitable private investments exist in critical industries.

Tema, located in Ghana, is one of the most important and productive ports in all of West Africa. It is located on the country's eastern coast and provides a feedstock to the ECOWAS countries that are landlocked. near addition, there is a port located near Takoradi on the western coast that caters to the needs of the logistics, oil and gas, and allied sectors. "Takoradi is undergoing a significant transformation, and it requires significant investment to help decongest Tema and establish a commercial case for more vessels berthing there," he added. "Takoradi is undergoing a significant transformation."

Source: Island Reporters