Deputy CEO of GIPC stresses IMF’s role in Ghana’s economic recovery
In a recent Financial Economics Seminar held in Accra, Yaw Amoateng Afriyie, the Deputy CEO of the Ghana Investment Promotion Centre (GIPC), expressed his optimism regarding Ghana’s economic prospects despite the ongoing cost of living crisis and inflationary pressures.
Afriyie emphasized the importance of leveraging the benefits of the International Monetary Fund (IMF) program to restore, reform, and recalibrate Ghana’s economic fortunes.
Addressing an audience comprising economists, policymakers, and industry experts, Mr. Afriyie acknowledged the sluggish rebound of the global economy but remained confident that Ghana could overcome its current challenges.
He highlighted the fact that just a few years ago, in the immediate post-IMF era of 2017, Ghana achieved an average annual growth rate of about 7%. During that time, the country was widely recognized for its sound financial management and policy innovation, earning commendation from international observers.
“While we currently face hurdles in terms of the cost of living crisis and inflationary pressures on food, fuel, and finance, we must not forget that Ghana has demonstrated its resilience before,” stated Afriyie.
“The foundations of our economic growth and stability remain intact, and it is crucial that we utilize the benefits of the IMF program to navigate through these challenging times.”
Mr. Afriyie further emphasized that Ghana, under the leadership of President Nana Akufo-Addo, had taken significant strides to create an enabling environment for business and investment.
He noted that the Ghana Investment Promotion Centre continues to work towards attracting both domestic and foreign investments by streamlining procedures, improving infrastructure, and ensuring policy consistency.
“We firmly believe that there is no better place to do business than here in Ghana,” Afriyie declared.
Source: Ghana Business
