The President of Ghana, Nana Addo Dankwa Akufo-Addo says his government has transformed the poor Ghanaian economy inherited from the Mahama administration.

“We inherited a situation with a large fiscal deficit, which has been turned around now; considerable imbalances in the way in which our economy was being run have also been turned around; a 15.4% inflation is today at 7.6%, the lowest in two decades. These are the building blocks for us,” he said.

“In these three years, we have had one of the fastest growing economies not just on the continent, but also in the world, with this year being a 7.6% growth. It has been consistent over these last three years.”

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The President made this known on Monday, November 11, 2019, when he spoke, as part of a panel including President Cyril Ramaphosa of South Africa and President Paul Kagame of Rwanda, at the African Investment Forum’s “Invest in Africa’s Space” event, currently ongoing in Johannesburg, South Africa. 

He explained that the well-being of Ghana has been the main objective of his government reiterating that his determination to maintain fiscal discipline in the management of Ghana’s public finances is the key objective under the New Patriotic Party's administration.

In addition to his words, the positive change of Ghana's agriculture, roads, airport and railways sector were informed as a measure, which has contributed to the fast growth of the market after they were developed from it devastion.

“Planting for Food and Jobs has proven to be a spectacular success. First of all, in the way it is addressing the availability of food stuffs. We are now in the position, for the first time in over a decade, of exporting food stuffs to our neighbors. We are very keen in developing private sector interest, because Ghanaian agriculture is largely smallholder,

“In fact, last year, an important initiative launched, which is bearing fruit, is the Accra SkyTrain project in which South African investors are taking a very keen interest. We are hoping that we would be able to advance that concept this year,” he ended.