Former Finance Minister Seth Terkper says Ghana's economy is showing positive signs of progress. According to Terkper, the International Monetary Fund (IMF) has also confirmed these positive signals .

However, Terkper clarified that not all sectors of the economy are performing well. He explained that the growth being referred to is a headline figure, which is the average growth. President-elect John Mahama disagreed with the outgoing president's statement that the economy is bouncing back, citing that not all sectors are performing well.

Terkper emphasized that despite the positive signals, the country still faces vulnerabilities in certain areas, especially in the export-import sector and the agriculture sector.

Ghana's economy is indeed showing signs of recovery, according to Seth Terkper. This is a welcome development, especially considering the significant impact of the COVID-19 pandemic on the country's economy.

The pandemic led to a decline in economic activity, with the tourism and services sectors being the hardest hit . However, the government's swift response, including the implementation of fiscal measures, helped mitigate the effects of the pandemic .

Now, with the economy bouncing back, it's essential to focus on sustaining this growth. The government can build on the measures already implemented, such as supporting vulnerable households and promoting economic stimulus packages .

As the economy continues to recover, it's crucial to address the challenges that arose during the pandemic, including the impact on poverty and inequality . By doing so, Ghana can ensure a more inclusive and sustainable economic growth.