Ghana’s economy getting better – BoG Governor
The Governor of the Bank of Ghana, Dr. Ernest Addison, says Ghana’s economy is growing faster than it has in past years.
The country’s economy had been in distress which compelled the Akufo-Addo led government to fall on the International Monetary Fund (IMF) for a $3 billion bailout.
But speaking when he appeared before the Public Accounts Committee of Parliament on Monday, April 8, 2024, Dr. Addison said the increase of foreign currency reserves is partly responsible for the economic recovery.
He commended Parliament for approving the addition of $300 million to Ghana’s reserves in a bid to strengthen the economy.
“For the economy as a whole, I can tell you that things are improving, our foreign exchange reserve levels are improving. Thanks to Members of Parliament who recently approved a facility, so $300 million was added to our reserves.
“All of that strengthens our position to support you [government] in executing these type of projects.”
Source: Adinkraradio.com
