Former Member of Parliament for Tema East Daniel Nii Kwartei Titus Glover has said that 2023 is the year of economic recovery for the Akufo-Addo administration.
This follows the deal the country is seeking with the International Monetary Fund (IMF).
Speaking on the Big Issue on TV3 Wednesday, April 12, he said “The IMF is giving us an opportunity as to how we can raise revenue to pay off our debts.”
He added, “2023 is the year of recovery … I agree that the grounds are very difficult or hard.”
Meanwhile, IMF has revised Ghana’s growth downwards in line with concerns that debt pressures and funding constraints would make it difficult for African economies to expand at full potential this year.
The fund cut the country’s growth forecast to 1.6 per cent for 2023 this month, down from 2.8 per cent in October last year.
It also cut growth for Nigeria and South Africa to 3.2 per cent and 0.1 per cent respectively in its latest World Economy Outlook (WEO).
The WEO, which is published twice yearly, was released on April 11 at the ongoing IMF/World Bank Spring Meetings in Washington D.C.
By Laud Nartey|3news.com|Ghana