In a significant statement made during the presentation of the business statement and programme schedule of the House on February 6, 2024, Majority Leader and Minister of Parliamentary Affairs, Osei Kyei-Mensah-Bonsu, asserted that Ghana’s economy has made a notable turnaround.
Drawing attention to the positive assessments from the World Bank and the International Monetary Fund (IMF), Mr. Kyei-Mensah-Bonsu emphasized the tangible progress despite challenges faced by the country.
Highlighting the festive spirit during the recent Christmas season, he pointed out how Ghanaians enthusiastically participated in celebrations, demonstrating confidence and optimism in the economy’s trajectory.
The Majority Leader emphasized that the buoyant Christmas festivities have effectively put an end to debates surrounding the economy’s turnaround, echoing sentiments expressed by both the IMF and the World Bank.
Citing assessments from these institutions, Mr. Kyei-Mensah-Bonsu underlined the economy’s full recovery status, with positive trends evident in various macroeconomic indicators.
Further reinforcing the positive outlook, he mentioned the World Bank’s commitment of over $300 million to bolster macroeconomic stability and resilient economic growth.
Moreover, he noted the IMF’s release of the second tranche of bailout funds as a testament to the confidence in Ghana’s economic progress, based on the assessments provided.