April 23, 2024

In the lead-up to the anticipated presentation of the 2024 budget on November 15, Minister of Trade and Industry, Kobina Tahir Hammond, seeks to reassure Ghanaians, promising positive economic relief in the forthcoming statement.

Speaking proudly in his constituency, Adansi Asokwa, in the Ashanti Region, Hammond, also known as KT Hammond, confidently announced that the budget, to be presented by Finance Minister Kenneth Nana Yaw Ofori-Atta, will restore macroeconomic stability.

“When you listen and see how we’ve strategically placed measures in the November-delivered budget, by December, you will clap for the Akufo-Addo government,” expressed Hammond in the local Twi language during a press briefing on November 7.

Despite acknowledging the economic challenges resulting from the global pandemic in 2020, Hammond found solace in President Akufo-Addo’s statement during the peak of the crisis: “Lives cannot be brought back when lost, but the economy can be restored when destroyed.”

With unwavering convictions, Hammond believes that the implementation of the 2024 budget will lead to a robust economic rebound, promising an improved quality of life for Ghanaians.

Chastising critics questioning the government’s decision to seek a bailout from the International Monetary Fund (IMF), Hammond defended the move, stating, “The World Bank is there for every member-country. Even advanced nations access substantial amounts. When we seek a smaller amount, it becomes a topical matter.”

Having assumed office in January, succeeding former Trade Minister Alan Kyerematen, KT Hammond has been an integral part of the government’s Economic Management Team (EMT). He assured citizens of job opportunities in the coming years, emphasizing the anticipated full economic recovery in 2024.

Addressing the public at the Ghana Mutual Prosperity Dialogues (GMPD) in Accra last Thursday, the Minister of Trade and Industry urged Ghanaians to exercise restraint, ensuring they witness the much-anticipated economic bounce-back. The nation eagerly awaits the budget presentation, with high expectations for the economic measures that will shape Ghana’s trajectory in 2024.

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