Finance Minister, Ken Ofori Atta, says government’s effective policies have stabilised the economy in the first quarter of the year.
Answering questions on the floor of parliament regarding the country’s final steps to opt out of the IMF programme, and the current Eurobond, Mr. Ofori Atta said a Public Finance Act is in the offing to address challenges facing government’s financial management.
He said though Ghana will be exiting the IMF programme very soon, the country will continue to seek technical advice and support from the fund in order to further strengthen the economy.
Though, he acknowledged that investor confidence in the country has waned, he disagrees with critics assertion that the economy is in bad shape.
Mr Ofori Atta said the depreciation of the cedi does not in any way shows that the fundamentals of the economy are weak.
Mr. Ofori Atta also outlined measures being taken to reverse the situation. He said already, the cedi has shown signs of recovery.
Meanwhile, the Minority has cast doubts on the achievements the finance minister has been outlining.