Finance Minister Ken Ofori-Atta has assured that the country’s recovery process from the Covid-19 pandemic is gaining momentum.
He has also among other things disclosed that the implementation of the 2021 budget has been successful so far.
His assurance comes after continuous agitations from Ghanaians over the declining economic situation in the country.
Delivering the 2021 budget review, Mr Ofori-Atta said “even though the second quarter 2021 GDP data is yet to be released by the GSS, provisional data for the first quarter of 2021 shows that the recovery process from the Covid-19 pandemic is gaining some momentum and the targets for most of the macroeconomic indicators are largely on track.”
He added that “the half-year fiscal performance, the implementation of the 2021 budget has been successful so far.”
“We remain fully committed to achieving the fiscal deficit target of 9.5% of GDP for the year in order not to derail from the objective of returning to the fiscal responsibility act, fiscal deposit, and primary balance thresholds of 5% of GDP and positive primary balance respectively by 2024.”