Ghana’s Minister of Finance, Mr. Seth Terkper, says the economy is on the path to recovery, with good medium term prospects.
He assured that government was working to contain expenditure through an effective debt management strategy.
Ghana has overrun its budget expenditures calling for a more pragmatic measure to halt the country’s debt stock.
Mr. Terkper said the country would soon enter the growth phase and that there was the need to develop policies that would help the country to manage external shocks that affect the economy.
Mr Terkper made the assertion at the Standard Bank West African Investors Conference, held in Accra.
The conference is to enable investors get first-hand information from listed companies on the Ghana Stock Exchange (GSE).
Some representatives at the conference were Mr. Stephen Bailey-Smith, Head Africa Research Global Markets, Fouad Idun-Ogde, Head of SBG Securities Ghana Limited, the brokerage arm of Stanbic Ghana; and many others.
Mr. Idun-Ogde said the conference gave opportunity for investors to get answers to any questions they may have about companies they might want to invest in.
The conference, which is built on the successes recorded in the previous editions, attracted institutional investors from across the globe to meet with most of the top rated corporate companies.
The Conference would also be held in Ivory Coast and Nigeria.
