Amin Adam Archives - Page 2 of 3

17 Dec

We Are Handing Over A Strong Economy – Finance Minister

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Finance Minister, Dr. Mohammed Amin Adam has expressed confidence in the state of Ghana’s economy as the New Patriotic Party (NPP) prepares to hand over to the newly elected administration of John Dramani Mahama. Speaking to journalists in Accra on Tuesday, December 17, 2024, Dr. Amin Adam emphasized the resilience and recovery of Ghana’s economy despite recent global and domestic challenges. “We are handing over a strong economy,” he stated. “The first four years of this administration were marked by impressive achievements, including the longest period of single-digit inflation, an average GDP growth rate of 7%, and strong external balances.…

05 Dec

Ghana’s Economy Is Rebounding Strongly – Finance Minister

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Dr Mohammed Amin Adam, the Minister for Finance, says Ghana’s economy has rebounded very strongly from the recent challenges. He said notably the macroeconomic front for 2024 showed a strong recovery with growth averaging 5.8 per cent for the first half of 2024, which was the highest recorded in the last five years and inflation was trending downwards and the cedi gaining strength. The Minister was speaking at the monthly briefing to provide an update on developments in the economy since the last engagement in October 2024 in line with the resolve to update the public on the economy He…

26 Nov

Ghana’s Economy Has Recovered Strongly – Amin Adam

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Finance Minister, Dr. Mohammed Amin Adams, has announced that the nation’s economy has fully rebounded from recent challenges. Speaking at a rally in Saboba in the Northern Region, Dr. Amin Adams highlighted Ghana’s impressive economic recovery, revealing that the country exceeded its 2023 growth target of 2.8% and continues to make significant strides in 2024. “Our economy has bounced back to life after the difficulties of the past three years,” he stated. “Macroeconomic stability is rapidly returning, and the signs are clear for everyone to see.” Dr. Amin Adams underscored the nation’s strong growth trajectory, saying, “Last year, we were…

24 Oct

DDEP Saved Ghana About $12bn – Amin Adam

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The Finance Minister, Dr. Mohammed Amin Adam, revealed that the successful execution of the Domestic Debt Exchange Programme (DDEP) has saved Ghana an impressive $12 billion. Dr. Amin Adam made this announcement during a panel discussion at the 2024 Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group, held on Wednesday, October 23. The discussion centered on the challenges low-income countries face in managing debt, a critical issue for many nations dealing with financial instability exacerbated by global economic uncertainties and external shocks. The Finance Minister said the DDEP as a pivotal policy initiative in tackling…

25 Jun

Ghana’s Economy Is Set To Astonish The World This Year – Finance Minister

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Finance Minister, Dr. Mohammed Amin Adam, has announced that the country’s economy is undergoing a robust rebound after enduring significant challenges over the past two years. He noted that, all key indicators are trending positively and are expected to improve further. Speaking at a UK Town Hall meeting on Saturday, June 22, Dr Amin Adam emphasized that even international institutions like the IMF and the World Bank are astonished by Ghana’s economic recovery. “This year our economy is going to surprise the whole world. I can tell you that this economy is rebounding strongly. We are rebounding strongly, and it…

24 Jun

Finance Minister Announces Official End To Ghana’s Debt Restructuring

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Finance Minister Dr Mohammed Amin Adam has announced the completion of Ghana’s debt restructuring program with its official creditors. According to the Member of Parliament for Karaga, the government has successfully restructured its debt of 5.1 billion dollars with these creditors, in addition to concluding the restructuring of 13.1 billion dollars with Eurobond holders. Addressing attendees at a UK Town Hall meeting, Dr. Amin Adam highlighted that these efforts have resulted in savings of 8 billion dollars for the country. “Last two weeks, we concluded negotiations with the official creditors, and we have agreed to restructure 5.1 billion dollars, I…

03 Jun

Amin Adam Kicks Against Africa’s Heavy Investment In Foreign Lands

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June 1, GNA – Ghana’s Finance Minister, Dr Mohammed Amin Adam, has kicked against African governments investing significantly in foreign financial institutions using money earned from its most resource-rich sectors. Rather, he called for the establishment of Regional Funds to draw financial resources for infrastructure development to propel intra-Africa trade, and help solve the recurring economic crisis on the continent. The Minister, while indicating that the country had enough resources, bemoaned the rate at which many countries saved money in international financial institutions, depriving the continent of needed funds for development. He was speaking with the media on the margins…

21 Mar

Size Of Ghana’s Economy Hits GH¢841.63Bn In 2023 – GSS

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The size of Ghana’s economy stood at GH¢841.63 billion in 2023, the Ghana Statistical Services has revealed. This includes net indirect taxes estimated at GH¢58.74 billion. In 2022, the size of the country’s economy or Gross Domestic Product was estimated at GH614.33 billion. According to the Ghana Statistical Services, the services sector constituted the biggest sector, accounting for GH¢357.34 billion. This represented 45.6% contribution to GDP. Industry followed with GH¢247.941 billion, about 31.7% contribution to GDP. Agriculture was estimated at GH¢177.606. billion (22.7% contribution to GDP). The top five Sub-Sectors by Share of GDP were Crops (19.4%), Trade; Repair of…

18 Mar

We Will Build Stronger Collaboration With IMF Towards Ghana’s Economic Resilience – Amin Adam

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Finance Minister, Dr. Mohammed Amin Adam, has expressed confidence in building a stronger collaboration with the International Monetary Fund towards Ghana’s economic resilience and accelerating sustainable and inclusive growth. This he believes will ensure a more prosperous future for all Ghanaians. His comments follows the arrival of the Managing Director of the IMF, Kristalina Georgieva, in Ghana last night. In a post shared this morning on his X social media handle, @oofm, Dr Adam stated that he was looking forward to “bilateral discussions and stronger collaboration towards building Ghana’s economic resilience, and accelerating sustainable and inclusive growth, to ensure a…

19 Feb

Amin Adam Interacts With The Ministry Of Finance Staff

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On Monday, February 19, 2024, Finance Minister-designate, Mohammed Amin Adam assumed office and interacted with the staff of the ministry. Amin Adam was among the more than 20 ministers of state who were recently appointed by President Nana Addo Dankwa Akufo-Addo. The Office of the Finance Minister shared a post showing the Minister in a meeting with the leadership of the ministry. “A very productive management meeting at the Ministry of Finance this morning. Honoured to be leading such a great team!” they captioned. See post below: A very productive management meeting at the Ministry of Finance this morning. Honoured…