Finance

2020 Budget: Ghana’s economy has miraculously turned around – Finance Minister

The Finance Minister says the economy of Ghana has miraculously turned around and moving in the right direction.

He says God’s blessing of hard work is beginning to manifest in the country.

“We have stabilised the macroeconomic turbulence”

Despite the limited resources at government’s disposal, it implemented flagship programmes, gave out stimulus packages and funded social programmes, he told parliamentarians.

The economy has experienced an economic miracle. “I speak to the data”. Economic growth as doubled under Akufo-Addo. Inflation has fallen from over 15% in 2016 to 7.6% in 2019 – the lowest rate in 27 years. The year 2019 has experienced, the slowest ever rise in prices in the entire 4th republic,” he suggested.

The Minority were unhappy about the minister’s reference to the poor state of the economy the government says it inherited in 2017 from the NDC.

 

Source: rainbowradioonline.com

Ogyem Solomon

Solomon Ogyem – Media Entrepreneur | Journalist | Brand Ambassador Solomon Ogyem is a dynamic Ghanaian journalist and media entrepreneur currently based in South Africa. With a solid foundation in journalism, Solomon is a graduate of the OTEC School of Journalism and Communication Studies in Ghana and Oxbridge Academy in South Africa. He began his career as a reporter at OTEC 102.9 MHz in Kumasi, where he honed his skills in news reporting, community storytelling, and radio broadcasting. His passion for storytelling and dedication to the media industry led him to establish Press MltiMedia Company in South Africa—a growing platform committed to authentic African narratives and multimedia journalism. Solomon is the founder and owner of Thepressradio.com, a news portal focused on delivering credible, timely, and engaging stories across Ghana and Africa. He also owns Press Global Tickets, a service-driven venture in the travel and logistics space, providing reliable ticketing services. In addition to his media ventures, Solomon serves as a Brand Ambassador for Alabuga, a prominent Russian industrial company, representing their interests and expansion across Africa. He previously owned two notable websites—Ghanaweb.mobi and ShowbizAfrica.net—both of which contributed to entertainment and socio-political discussions within Ghana’s digital space. With a diverse background in media, digital journalism, and business, Solomon Ogyem is dedicated to telling impactful African stories, empowering youth through media, and building cross-continental media partnerships.

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