The Minister of Finance, Dr Kwabena Duffuor, has said Ghana has attained the highest Gross Domestic Product (GDP) in Africa and the world in general due to the dynamism and prudent fiscal decisions being taken by the Mills-led government.
This was part of his presentation in Parliament on Wednesday justifying why the House should approve over GhC 2.6 billion spending budget for key sectors of the economy.
According to the Minister, the current non oil GDP of 7.6 percent is a testament of the effectiveness of government to improve on the lot of Ghanaians.
Announcing the supplementary budget and a review of the economy for the past seven months in Parliament, Dr Duffuor noted that the economy is healthy despite the numerous economic challenges the country has had to grapple with.
�The Prudent Monetary policy of the Central Bank has led to the stability of the exchange rate of the national currency, reduction in inflation rate to 8.6 percent against the projected target of 9.6 percent,� said Dr Duffuor.
The Finance Minister also noted that the numerous economic decisions and policies has resulted in the sustainment of a single digit inflationary trend over 24 months.
Source: citifmonline.com
| Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority. |
