Ghana has set a target of 5.8 percent growth for its GDP in 2022. According to the Finance Minister, Ken Ofori-Atta while presenting the 2022 annual budget statement in parliament, he said Ghana’s economy had started showing glimpses of recovery from the impact of the COVID-19 pandemic as the government’s flagship initiatives, including the Ghana COVID-19 Alleviation and Revitalization of Enterprises Support (CARES) program, started yielding results.
The minister said the government would also provide a supportive environment that promotes domestic businesses and foreign direct investments.
“We will continue to build a robust financial sector to support growth and development and deepen structural reforms to make the machinery of government work more efficiently and effectively to support socio-economic transformation,” he added.
Ofori-Atta said the main thrust of macroeconomic policy in 2022 would be to restore and sustain macroeconomic stability.
He said the government remained optimistic about prospects of the economy should the virus containment measures through effective vaccination continue smoothly.