The country’s “debt-to-GDP ratio has declined from 56.6% in 2016 to 54.8% at the end of 2018”.
This was made known by President Nana Akufo-Addo during his presentation of the 2019 state of the nation address (SONA).
In his view, “Ghana's recent GDP growth has placed it among the highest in the world”.
For the first time, “We recorded a trade surplus [more exports than imports] in 2017”.
Mr Akufo-Addo noted that his government has been fiscally disciplined and engendered business confidence which is leading to the growth of the economy.
The government, he said, hopes to “maintain the discipline and develop our country”.
He added that inflation has also dropped from 15.4% as of the end of 2016 to 9% in January this year, the lowest in six years as announced by the Ghana Statistical Service (GSS).
The president pointed out that the country cannot make the desired progress until “we are consistent in the management of our own economy”.