Finance Minister Ken Ofori-Atta has disclosed that Ghana will cross an economic milestone for the first time in 2024.
He revealed this when presenting government’s 2024 Budget Statement and Economic Policy in Parliament.
“Mr. Speaker, the 2024 Budget is even more significant because we will cross the GH¢1 trillion Gross Domestic Product (GDP) mark for the first time in our economic history.”
According to him, the West African economy is also projected to see growth.
“Ghana’s economy under President Akufo-Addo’s final year in office is projected to be valued over GH¢1 trillion in 2024 from the GH¢219.5 billion in 2016.”
To achieve such a milestone, Ken Ofori-Atta expressed government’s commitment to protecting the foundation for sustained economic expansion.
“We shall do so by ensuring that the enabling factors are in place and accessible to all. These will include reliable energy supply, stable Cedi, lower inflation and lower interest rate regimes, access to private sector credit, infrastructure provision, food security, national security, and inter-continental market linkages through increasing active platforms such as the AfCFTA.”
