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Finance Minister, Ken Ofori-Atta has finally admitted that the country has been facing economic challenges in recent times.
Presenting the budget and financial estimates for the year 2022 in Parliament on Wednesday, the Finance Minister said the challenges has come about as a result of the cost that was involved in the bold approach to fighting the COVID-19 pandemic.
“We are under no illusions as to the economic challenges facing our country today…,” he said when he appeared in his all-white attire to read the Budget in Parliament.
According to him, the country’s economic indices would have been among the best in the world had the COVID-19 not struck just before an election year.
“We turned around the economic crisis inherited in 2017 and turning around the economic crisis brought by the pandemic in 2020….,” he said.
To him, the governement has been able to adequately contain the spread of the virus in the country due largely to the bold decisions.
“Mr. Speaker, at the beginning of the pandemic, we had to address both the immediate as well as persisting health and economic impacts of the pandemic. Our response was bold, decisive and compassionate, but also costly…,” he said.
The economic challenges, he added would be addressed in no time due to the various policies being put in place by the government for that purpose.
“How to ease the sufferings of Ghanaians, transform the economy to create jobs and share the expected wealth across all households, such as providing security and education are what keep the President awake at night…,” he said.
