Stabilization Of Ghana's Economy High On Gov't Agenda- Oppong Nkrumah Emphasizes

The government's attempts to stabilize the economy in the wake of the global economic problems, according to Minister of Information Kojo Oppong Nkrumah, are on track.

He claimed that the government was keen on implementing suitable policies that would result in the transformation of the economy at a time when the world was dealing with a cost-of-living crisis, rising energy prices, supply-demand imbalances in several commodity markets, and the COVID-19 pandemic. These issues were caused by the geopolitical tension between Russia and Ukraine.

On Twitter's #PatrioticSpaces, a live virtual dialogue platform, he made this statement last Wednesday, September 7, 2022.

Speaking on the subject of "Progressing amid Global Crises," Mr Nkrumah stated that even though new problems had a significant influence on Ghana's economy, the government remained steadfast in its efforts to stabilize the economy and restore it to levels seen in 2019.

"Entrepreneurship is receiving a lot of funding. While the industry is thriving, the Ghana Enterprises Agency is investing a lot of money to help new entrepreneurs.

"In order to increase our foreign exchange earnings, we are creating new export channels. According to him, the strategy is to stabilize the economy and invest in its growth-promoting areas.

“These are the key initiatives that will ensure that we can get economic activities up and running. Once economic activities are running, productivity is high and people start earning decent incomes and improving their quality of life,” he added.

The minister declared that the government would continue to fund the real economic pillars of the country's economy—agriculture, industry, and youth entrepreneurship—as well as vigorously advance its export promotion agenda by supporting unconventional exporters in an effort to boost the export of Ghanaian goods.

He asserted that doing so would boost employment, raise earnings, and aid in the recovery of the economy by returning the nation to its previous path of success.