The Ghanaian economy is exhibiting signs of stability, with the Cedi recovering and inflation declining steadily, thanks to improved coordination between the Ministry of Finance and the Bank of Ghana.
According to Samson Asaaki Awingobit, Executive Secretary of the Importers and Exporters Association of Ghana, this synergy is crucial for macroeconomic recovery and attracting investment.
Speaking on The Big Issue on Channel One TV, Awingobit praised the effective collaboration between Finance Minister Dr. Cassiel Ato Forson and Bank of Ghana Governor Dr. Johnson Asiamah under President John Dramani Mahama.
“Fiscal policy must go along with monetary policy to bring confidence of inflation down and Cedi stability,” he noted.
Awingobit contrasted the current coordination with the previous administration, saying, “The Minister of Finance and the Governor of the Bank of Ghana under the previous administration were not communicating as two institutions will work.”
He commended the current team, stating, “Dr. Asiamah and Hon. Ato Forson have done well, and we need to applaud them.”
With the Cedi’s recovery and inflation decline, Awingobit expects renewed investor interest in Ghana’s economy. “With this, you will see the number of investors looking to come to Ghana,” he predicted.
The business community sees these trends as early indicators of sound macroeconomic management under the current administration.