Ghana’s Minister of Finance, Seth Terkper says adequate measures have been rolled out by the government to halt the impact of declining commodity prices on the economy.
Answering questions at London-based international think thank Chatham House, after a presentation on Guiding Ghana to Economic Recovery, the Minister said that plans have been put in Ghana’s revised budget to raise revenue domestically.
Gold, cocoa and recently crude oil have been major foreign income generator for the West African country.
However, the decline in the prices of these commodities has advserley affected the economies of most West African countries, including Nigeria and Ivory Coast
This development is expected to put pressure on the finances of most African countries.
