Finance Minister Ken Ofori Atta has asked Ghanaians to join hands to build a more inclusive, confident and hopeful society.
He said in the mid year budget statement that COVID-19 has caused enough havoc, but we are resilient and confident people and should not allow ourselves to be defeated by the negatives.
“As 2 Timothy 1:7 tells us, that God has not given us the spirit of fear: but of power and of love and a sound mind”, we should have courage, hope, and resolve to work hard and expect that the Almighty God whom most of us believe and serve will look kindly on us and bless the work of our hands.
“Mr. Speaker, I now proceed to give details of developments for the first half-year of 2021 and will conclude with the outlook for the rest of the year,” he said.
“Mr. Speaker, since the presentation of the 2021 Budget to this august House in March this year, global growth recovery has generally strengthened, supported by the ongoing mass vaccinations and the general relaxation of Covid-19 restrictions as well as continued policy
- However, the emergence of new Covid-19 variants and potentially third waves in parts of the world, as well as disruptions of the vaccination efforts across Emerging Market and Developing Economies, is creating some uncertainty and threatening to undermine global recovery efforts.
Economic recovery in most Emerging Markets and Developing Economies is expected to slow down, mainly due to continuous non-availability of vaccines.
DOMESTIC MACROECONOMIC PERFORMANCE FOR 2021
Mr. Speaker, to put the assessment of the performance of the economy for the first half of 2021 in perspective, permit me to re-state the macroeconomic target.