“The Economy Of Ghana Is Growing And Bouncing Back…” – EU Ambassador To Ghana.
Mr Irchad Razaaly, the European Union (EU) Ambassador to Ghana, speaking at a Breakfast Meeting, facilitated by the Ghana Journalists Association (GJA), in Accra on Friday, May 6, as part of their 2022 World Press Freedom Day, stated that Ghana’s exclusion from EU’S Money Laundering list is an indication that the changes made in the finance sector is producing positive results. He said, that Ghana is “bouncing back” despite the current economic challenges.
in the discussion, he said “…I know this sis a not a relief for the people who are paying Ghc 10 for petrol but the truth of the matter is, this work conducted along the years by the financial sector makes it more resilient and it is helping the economy bounce back because even though there is an economic downturn, the good news is that the economy of Ghana is growing and bouncing back in terms of GDP.”
He went on to emphatically remind the Ghanaian people, that the EU’s dedication to the growth of Ghana’s economy, would not be affected by the current global economic crises.
“…The EU in Ghana and everywhere else in the world will not diminish its financial support because of the situation in Ukraine”, he stated.
Just a month ago, the EU signed a 203 million agreement with Ghana under the Multiannual Indicative programme for Ghana for 2021 – 2027 to create green jobs, build smart and sustainable cities, and promote good governance and security. He also said that there are ongoing projects being implemented, prior to the disbursements of this funding for the named projects.
Ghana’s economy elevated by a 0.4% in 2020 greatly as a result of the adverse effect of the Covid-19 pandemic. It moved to a 5.4% in 2021 – 0.4% above the government’s growth target of 5% for 2021.
Source: Ghana Web