Minister of State at the Finance Ministry, Dr. Mohammed Amin Adam, has expressed confidence in the country's ability to attain its growth objectives, including achieving single-digit inflation by 2028.

He pointed out that the economy is progressing at a rate exceeding the projections made by the International Monetary Fund.

Dr. Adam also highlighted the reduction in inflation from 54% to 40% in recent months as a positive indicator of the attainability of the growth targets.

"The IMF actually projected that we would grow at 1.5% this year, and if half into the year we are already growing at 3.2%, with some of the recovery policies yet to mature, it's indicative of the fact that by the end of the year, we should be doing far more than what the IMF projected. And that is a great sign of recovery," Dr. Amin Adam said on Accra-based Citi TV's Point of View.

“Inflation which is a very important indicator for attracting investments and for improving domestic investment has also been decelerating from 54% in December 2022 to date. It is about 40% and it's going to continue because 40% is still high and so we will expect that this disinflationary path we have been following will continue until we reach single-digit inflation by 2028 as per the IMF programme,” he added.

Apart from the growth metrics and inflation, the minister also noted that the exchange rate has exhibited a degree of stability this year. Consequently, he holds a positive outlook that Ghana's rebound will surpass initial expectations.