The current economic data shows that the economy is recuperating from the crisis, VP Dr Mahamudu Bawumia, has said.
He related that inflation has dropped from 54% to 23 percent in this December 2023.
“Economic development is bouncing back, spending is taken care of,” he said in his location on Febraury 7 at the College of Expert Examinations, Accra (UPOSA).
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As to Cedi performance, he said “The devaluation of the Cedi under our administration is lower than what we acquired from the 2013-2016.”
Dr Bawumia further called attention to that one can’t disregard the way that the episode of the Coronavirus pandemic and the Russia-Ukrain war devasted global economies including Ghana.
He described that despite the difficulties that the Akufo-Addo organization acquired from the Mahama organization, they figured out how to stabilize the economy with all economic markers pointing in the correct course.
Be that as it may, he said, the pandemic and the conflict affected adversely on these markers.
“Despite the challenges we acquired, we needed to continue ahead with … we need to in addition to other things fix dimsor, Public Medical coverage, clear the back payments, make schooling free and available
“Somewhere in the range of 2017 and 2019, every one of the markers, economic development, industry development, financial deficiencies, and swapping scale were all moving in the correct course.
“In 2020 and 2022 we encountered a few difficulties set off by the pandemic which stopped the world,” he said.
Dr Bawumia additionally utilized the potential chance to laud the Bank of Ghan for the help it gave to the public authority during the crisis.
He depicted the reactions against the national bank as uncalled for.
“The Bank of Ghana gave required funding to the public authority at a crucial point in time. What the Lowland did was entirely mindful in putting the interest of the residents first,” he said.
