Story by, Paul Mensah Nsor
Ghana is experiencing a significant economic turnaround, with recent government policies driving positive changes in the nation's financial landscape.
In an interview with Dr.Daniel Augustus Lartey Jnr. a Flagbearer for Great Consolidated People's Party (GCPP), The Ghanaian currency has appreciated by 16% against the US dollar, and the country's credit rating has improved from default to CC+.
Key highlights include a dramatic increase in gold reserves from 8.7 to 30,000 metric tons, achieved by implementing a strategy to sell gold domestically rather than exporting it. This approach has strengthened the national currency and created potential for increased foreign investment.
Dr. Daniel Augustus Lartey Jr., expressed optimism about the current government's strategic planning. He noted that the administration is attracting international investors from countries like Poland, Ukraine, Germany, and Italy, with a particular focus on agricultural development.
The government is also prioritizing domestic trading and infrastructure improvements, with plans to enhance roads, schools, and healthcare facilities. Cocoa prices are currently high, providing additional economic stability.
While challenges remain, including gradual transportation cost adjustments, experts believe Ghana is on a path to becoming one of Africa's most robust economies.