The President of the Ghana Union of Traders Associations (GUTA), Dr. Joseph Obeng, has stated that the Association’s primary concern is the stability of the local currency.
He urged the government to sustain economic gains, as this is crucial for the business community.
Dr. Obeng highlighted GUTA’s contributions to the growth of small and medium-sized enterprises (SMEs), noting that the Association has provided funds to mitigate challenges faced by these businesses.
He emphasized that when these funds are directed to targeted areas, they have a positive impact on the economy.
In his mid-year budget review presentation to Parliament on July 23, the Finance Minister reported that the economy is showing robust recovery, with a 4.7% growth in the first quarter of 2024.
Dr. Adam attributed this positive performance to effective policy measures, robust economic management, and the unwavering spirit of the Ghanaian people.
Speaking on the Accra-based Joy News show, Dr. Obeng stated, “We think that overall, if we look at most of the figures, even with the debt restructuring and all that, we have come this far, and it can be said that it is inspiring some hope and confidence into the system.
Source: Classfmonline.com
