The Minister of Information, Kojo Oppong Nkrumah, has reiterated government plans of stabilising the Ghanaian economy on the back of the global economic crisis.
He said the stabilisation of the country’s economy is high on government agenda, adding that “government is keen on putting in place appropriate measures that will lead to the transformation of the Ghanaian economy”.
Mr Oppong Nkrumah admitted that everyone is at a time when the world is dealing with a cost-of-living crisis, rising energy prices and supply-demand imbalances in several commodity markets occasioned by the geopolitical tension between Russia and Ukraine and the COVID-19 pandemic.
He gave the assurance on the #PatrioticSpaces, a live virtual conversation platform on social networking site, Twitter.
Speaking on the topic “Progressing amidst Global Crises”, the Information Minister said while emerging challenges had largely impacted Ghana’s economy, government was unrelenting in stabilising the economy and returning it to normalcy.
“There are a lot of investments going into enterprise. The Ghana Enterprises Agency (GEA) is pumping a lot of money to support young businesspeople while industry is also flourishing. We are opening more export channels so that we can earn more foreign exchange. The plan is to stabilise the economy and invest in the growth driving sectors of the economy,” he said.
The Information Minister noted these were key initiatives that would ensure that government gets economic activities up and running, saying “once economic activities are running, productivity is high and people start earning decent incomes to improve their livelihoods”.
In doing this, the Minister indicated that government would continue to invest in the real sectors of the economy, particularly in sectors such as agriculture, industry, and youth entrepreneurship.
He added that government would also aggressively push its export promotion agenda by hand-holding non-traditional exporters to stimulate higher export of Ghanaian commodities.
This, he said, will create more jobs, increase people’s income and at the same time, help turn the economy around and push Ghana back to the path of prosperity.