There are positive signals that Ghana’s economy is bouncing back to pre-Covid-19 era – Seth Terkper

Former Finance Minister Seth Terkper acknowledges positive signs of Ghana's economic recovery but cautions against overgeneralizing the progress.

Speaking to Joy News, Terkper noted that recent International Monetary Fund (IMF) reports confirm encouraging indicators, though these reflect average or "headline" growth rather than consistent performance across all sectors.

Outgoing President Nana Akufo-Addo expressed optimism, stating that Ghana's economy is nearing pre-Covid-19 levels.

However, President-elect John Mahama disagreed, highlighting that certain sector, such as agriculture and export-import, continue to struggle.

Terkper echoed this caution, explaining that the headline growth may primarily result from industries like oil, while other sectors face challenges.

He stressed that while the signs are promising, vulnerabilities in key areas require sustained attention to ensure a comprehensive recovery.