Finance Minister, Ken Ofori-Atta, has assured Ghanaians that government will soon stabilize the local economy.

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According to him, the government is committed to being disciplined and working hard towards the recovery of the economy from its current woes.

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Making this known in the 2022 mid-year budget review presentation in parliament on Monday, July 26, 2022, Ken Ofori-Atta said, “With discipline, dedication and hard work, we will overcome the current challenges that confront our nation.

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“We are convinced we can do this again. We worked closely with Ghanaians to turn around the economic situation in 2017,” he added.

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The Finance Minister indicated that government will manage the windfall from the petroleum sector to make up for the country's revenue shortfalls.

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He added that the government was committed to staying within its appropriation for the 2022 financial year.

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Meanwhile, the government is seeking a financial bailout from the International Monetary Fund (IMF).

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The IMF programme, when successful, will help the country restore its macroeconomic stability, as well as, safeguard debt sustainability.

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IMF only a short term measure, Ghana needs a major structural shift - Ofori-Atta

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Source:ghanaweb.com

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