After suffering major hurdles over the last two years, Ghana’s Finance Minister, Dr. Mohammed Amin Adam, has announced that the country’s economy is witnessing a solid resurgence.

“This year our economy is going to surprise the whole world,” Dr Adam said at a UK Town Hall meeting on Saturday.

“I can tell you that this economy is rebounding strongly. We are rebounding strongly, and it is surprising the world even the IMF, the World Bank. They are all surprised. Last year, they projected our economy will grow at 1.5%, we grew at 2.9%. This year in the first quarter of this year, they projected we will grow at 3.1% we grew at 4.7%.”

“This economy will grow, and it will grow faster than everybody thinks,” he stated.

Additionally, he revealed that the Ministry of Finance has been instructed by President Nana Addo Dankwa Akufo-Addo to disburse GH¢1.5 billion to clients impacted by the banking industry cleanup.

While acknowledging that the government shouldn’t be held responsible for its investment choices, Dr. Adam also pointed out that errors were made in this instance and that the public was misinformed.

He said that the effects of the clean-up had caused significant suffering for some people, and that others had even lost their lives.