Finance Minister Ken Ofori-Atta looks destined to lead the Ministry in 2024, despite rumors to the contrary.
As he joined the Ministry of Finance employees in offering thanks to God for his protection and kindness in 2023, Mr. Ofori-Atta declared that the Lord will still lead and guide the nation in 2024.
"I have no doubt that in 2024 the Lord will still lead and guide us. Our record is undoubtedly one of triumph on all fronts! "I am humbled to be leading the talented and tenacious Ministry of Finance staff," he remarked.
Therefore, in order to foster productivity, prosperity, and jobs, the Minister is well-positioned to spearhead an economic recovery in a country ravaged by the COVID-19 pandemic and debt exchange.
Mr. Ofori-Atta has repeatedly declared that the administration has "turned the corner," citing a stable exchange rate, a notable decline in the government fiscal deficit, and a notable drop in inflation, which dropped from 54% in December 2022 to 26.4% in November 2023.
In order to build deliberately quickly on the progress made thus far, the Minister established the ¢100 billion GhanaCARES (Obaatanpa) program following COVID-19.
This four-year program is a "clinical structural focus" of President Akufo-Addo's development strategy.
The government will accelerate its digitalization agenda through the GhanaCARES program in order to improve public service delivery efficiency and effectiveness; revitalize the housing and construction sectors in order to address the acute housing shortage; generate employment opportunities; and position Ghana as a regional hub.
As Mr. Ofori-Atta spearheads the initiative to transform Ghana's rice industry through the execution of the Harnessing Agricultural Productivity and Prosperity for Youth (HAPPY) Program, the Ghana CARES "Obaatan Pa" Program is already producing notable results.
Mr. Ofori-Atta also oversaw the government's establishment of "YouBanC," which aims to create one million jobs for young Ghanaians, as part of the revitalisation.
This is under the vast "Obaatanpa" Program of GhanaCARES, which is valued at ¢100 billion.
"We intend to center this endeavor around the private sector by expediting competitive import substitution and export expansion, which will create long-term employment opportunities for our burgeoning youth (under 35 years old), who account for approximately 71% of the population," Mr. Ofori-Atta said.