Bawumia leads delegation for talks abroad to revitalise economy

A team of Senior Government Officials, led by the Vice President, are meeting partners in London, Washington D.C and New York to share the Government’s transformational economic agenda for addressing Ghana’s debt, attracting investments and creating jobs.

Senior Minister Yaw Osafo Maafo and Minister Finance Ken Ofori Atta are part of the Non-Deal Roadshow meetings with Ghana’s bond holders, potential investors, US Government officials and other key stakeholders.

A statement issued to the Ghana News Agency, in Accra, by the Embassy of Ghana in Washington DC, said the delegation also included the Chairman of the Finance Committee, the Governor of the Central Bank, the Chief Executive Officer of the of Ghana Investment Promotion Council, the President’s Advisor on Media and Special Projects, and the Deputy Minister of Energy.

It said the delegation would also participate in the annual spring meetings of the World Bank and International Monetary Fund.

The statement said in London, the team held a series of meetings with Ghana’s bond holders to discuss the pillars of the Government’s economic management agenda: revenue growth expenditure management, debt management, wage bill management and capping of earmarked funds to free up the fiscal space.

The delegation also met with the Ghanaian Community at the High Commission to share the Government’s plans for the revitalising the country’s economy.

It said in Washington, Vice President Bawumia and Mr Ofori Atta addressed an enthusiastic crowd of Ghanaians in an event, held by the Center of Strategic and International Studies dubbed, “Spotlight on Ghana.”

The Vice President presented the Government’s immediate priorities to reignite the country’s economy by creating jobs in the agriculture sector, cutting taxes and removing other barriers to investment and increased production.

Mr Ofori-Atta, it said, was joined on a panel by John Rice, the Vice Chairman of the General Electric Corporation, and Alain Ebobisse, CEO of Africa50 for the discussion.

The Minister presented the Government’s strategy for addressing the significant budget deficit and debt inherited from the previous administration.

He also responded to questions from the audience by detailing the steps being taken to improve the investment climate and enhance the local capacity by improving education, as well as enforcing local content requirements for new investments.