Abena Osei-Asare: Government is putting in place reforms to sustain economic growth

Minister of State at the Finance Ministry, Abena Osei-Asare has said the government is putting in place key structural reforms to support recent growth in the economy.

The minister’s comment comes after the International Monetary Fund (IMF) revised its growth projection for Ghana from 2.8% to 3.1 % for this year.

Speaking at the official opening of the inaugural “Quarterly Economic Roundtable” (QER)on Tuesday(2 July), at the ISSER conference hall, the University of Ghana, Osei-Asare said the economy is showing signs of great recovery.

“… The recent pressures on the cedi are being contained, our gross international reserves is improving, fiscal consolidation is holding, and the rate of accumulation of public debt is declining following the successful completion of the debt restructuring programme.”

“We are putting in place key structural reforms to support growth, just last Friday the IMF board approved the 2nd review and 360 million relating to the programme was approved,” Osei-Asare said.

Listen to Abena Osei-Asare in the attached audio clip below:

About QER 

The maiden event will focus on “Restoring Macroeconomic Stability,” addressing critical aspects of fiscal, debt, and monetary policies. Distinguished panellists from government, academia, and civil society will lead robust discussions on these issues.

The first panel will explore the role of fiscal policy in macroeconomic stability, whilst the second panel will address debt management and its economic implications.

The third panel will focus on monetary policy, analysing the central bank’s inflation-targeting regime and exploring measures to stabilise the cedi.

Reporting by Fred Dzakpata in Accra

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