Strengthened Cedi, Easing Inflation Signal Improved Business Climate – Trade Minister Says
The Minister for Trade, Agribusiness and Industry, Elizabeth Agyare, has praised the government for what she describes as steady progress in re-establishing macroeconomic stability, noting that the improvements are helping to shape a more reliable and business-oriented economic landscape.
Speaking in response to the State of the Nation Address delivered by President John Dramani Mahama, she commended the administration’s handling of the economy and pointed to emerging signs of recovery.
She observed that the recent appreciation of the cedi, coupled with moderating inflationary pressures, is easing the burden on businesses that have endured prolonged uncertainty and fluctuating costs.
According to her, a stable macroeconomic framework enables firms to forecast more accurately, control operational expenses and pursue expansion plans with greater assurance.
Hon. Agyare also expressed appreciation to the President for implementing what she characterised as purposeful and well-calibrated policies aimed at strengthening the business climate.
She indicated that tighter fiscal management and focused policy measures in priority sectors are beginning to produce tangible benefits for private enterprises.
The Minister added that improving investor sentiment is expected to draw increased local and international capital inflows, support industrial expansion and raise productivity levels.
She explained that these developments could spur employment growth, enhance the capacity of small and medium-sized businesses, and drive stronger export performance.
Furthermore, she noted that sustained macroeconomic steadiness boosts Ghana’s competitive edge within the sub-region and reinforces its appeal as a hub for trade and agribusiness investment.
Reiterating government’s commitment to maintaining the positive trajectory, Hon. Agyare stressed that sustained collaboration between public institutions and the private sector will be vital in deepening growth and securing long-term economic stability.
