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Wed, 18 Dec 2024 Feature Article

The Economy As It Stands Now Is Strong And Resilient: No Excuses Will Be Allowed

The Economy As It Stands Now Is Strong And Resilient: No Excuses Will Be Allowed

Ghana's foreign reserves is $8 billion, which gives us 3.5 months of import cover.

Impressive Economic Growth Rate of 7.2% at the end of third quarter of 2024 with an average growth rate of 6.3% over the three quarters of 2024.

Massive industry growth rate of 8.9% at the end of third quarter of 2024

The services sector also grew at 5.0% at the end of third quarter of 2024.

Agriculture sector as well had 4.6% of growth at the end of third quarter of 2024.

A trade balance surplus of $3.85 billion and a current account surplus of 2.6% of GDP from January to September 2024.

The Cedi is at rapid appreciation trajectory against the major currencies around the world.

The private sector credit grew at 28.7% as at October 2024.

Public sector workers had cumulative salary increase of 105% over the eight-year period with 25% increment in 2024. This is without allowances such as the 15% cost of living allowance since 2022. Public sector workers are timely paid.

The economy is back to the Pre-COVID-19 status, evidenced by available data and confirmation by Hon. Seth Terkper, The Former Finance Minister under former President John Mahama's regime.

Just For The Records.
No excuse will be entertained. The taxes as promised must be removed.

Thank you
Alhaji Salifu Hadara
A Patriot
North East Region

Alhaji Salifu Hadara
Alhaji Salifu Hadara, © 2024

This Author has 92 publications here on modernghana.comColumn: Alhaji Salifu Hadara

Disclaimer: "The views expressed in this article are the author’s own and do not necessarily reflect ModernGhana official position. ModernGhana will not be responsible or liable for any inaccurate or incorrect statements in the contributions or columns here." Follow our WhatsApp channel for meaningful stories picked for your day.

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