Ghana’s real GDP improved significantly in 2024 – Ato Forson

The Minister for Finance, Dr Cassiel Ato Forson, has announced that Ghana’s real Gross Domestic Product (GDP) recorded significant growth in 2024.
He made this revelation during the presentation of the 2025 Budget Statement in Parliament on Tuesday, 11th March.
Dr Forson highlighted that the economy showed strong resilience, posting higher-than-expected growth despite prevailing global and domestic challenges.
He noted that this performance reflects the effectiveness of various economic policies implemented over the past year.
"Ghana’s real GDP growth in 2024 was remarkable, exceeding projections and demonstrating our economy’s capacity for recovery," he stated.
The Minister, however, pointed out that a portion of the recorded growth included proceeds from illegal small-scale mining, commonly known as ‘galamsey.’
He acknowledged concerns about the impact of galamsey on the environment and stated that the government is working on measures to ensure sustainable economic growth that does not come at the expense of the country’s natural resources.
Dr Forson reiterated the government’s commitment to strengthening key sectors of the economy while addressing fiscal vulnerabilities.
He assured that efforts are being made to implement policies that will promote responsible and sustainable economic activities, ensuring long-term stability and inclusive growth.
Source: Classfmonline.com/Cecil Mensah
Trending News
W/R: Police arrest suspect for stealing vehicle belonging to EPA in Tarkwa
04:21Western Regional Minister urges police to intensify galamsey fight amid bribery concerns
11:18Gov't to track down illegal mining excavator owners – Defence Minister
03:38FIC subjects McDan Group to anti-money laundering investigations
04:03Stephen Opuni gives thanks to God after victory in eight-year court trial
11:01Edem Agbana: Ketu North MP reaffirms his commitment to education, infrastructure, transforming constituency
18:09GA/R: President Mahama nominates Ebi Bright as MCE for TMA
03:30W/R: Ms Christiana Yankey wins maiden edition of Taadi FM's Mother Tongue Essay Competition
10:44V/R: Our people are hungry for dev’t, let's rise above litigation – Edem Agbana urges traditional leaders
17:32I delayed the Thank You Tour to allow the Mike Ocquaye report to be concluded - Bawumia
18:45