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Apr 17, 2012

Ghana’s Economy is on Sound Footing


The Deputy Minister for Finance Hon. Fifii Kwettey has noted that Ghana’s economy is on sound footing. He however, cautioned Ghanaians to stop thinking that there was wealth in the country because of the cocoa, minerals, timber etc, but rather consider the resourcefulness of the nation as a very important issue.

According to him, our resourcefulness would help in the transformation of the country.

Hon Kwettey made these statements at the first dialogue session of the 3rd Ghana policy fair, which opened in Accra yesterday.

He mentioned that as part of the Better Ghana Agenda, the economy was growing and inflation was down, adding that there had been improvements in the Agricultural sector as foodstuffs were easily transported to cities these days.

The topic for the session was “taking advantage of Ghana’s Economic Gains to Transform Ghanaian Society”.  Among the speakers was Dr. Joe Abbey of Centre for Economic Policy Analysis (CEPA) and Mr Kwame Peprah, a former Finance Minister who is now the Board Chairman of SSNIT.

Dr. Abbey gave a brief history of the economics of Ghana over the past 25 years, highlighting on schools, infrastructural development, the cocoa industry and also the worst drought that occurred within that period.

He advised Ghanaians to learn from their mistakes and improve upon the development of the country, saying that “we must be cost effective, now that we have laid a good foundation for our economy as we are now democratic”.

Source: ISD (Karimatu Anas and Cornelia Asante)