Finance Minister Ken Ofori-Atta has declared that despite Ghana’s economic challenges, we have seen no shortage of food.
The Minister says the economy has gone through a difficult period amidst unprecedented global turbulence.
He said this was within the context of major external shocks coupled with domestic vulnerabilities triggered by credit rating downgrades, tightened domestic financing conditions, and increased borrowing costs.
The Minister noted that every country in the world grappled with soaring prices, and our country, like many others, experienced a sharp rise in food, fertilizer, and fuel prices.
He said the country also witnessed rising inflation and exchange rate depreciation, leading to severe economic challenges and hardship for Ghanaians.
Ofori-Atta, however, maintained that despite these difficult times, we have not witnessed food shortages of dumsor since the government has managed to roll out measures to address these challenges.
He made the remarks while presenting the 2023 mid-year budget review before parliament on Monday, July 31, 2023.
He said that with a lot of effort, the government has managed to avoid empty shop shelves of medicines and other essentials.