Even though he acknowledged that things are difficult, President Nana Addo Dankwa Akufo-Addo pleaded with Ghanaians to have faith in his administration to make things better.
According to the president, Ghana is not the only country dealing with the current economic difficulties brought on by COVID-19 and the Russia-Ukraine crisis.
He is confident that, all else being equal, the government’s current programs will put Ghana back on the path to economic growth and prosperity.
As part of his official tour to the Northern Region, Akufo-Addo stated on August 8 on North Star Radio in Tamale: “The problems are there, I will be the last one to belittle the issues, they are touching the lives of ordinary people in a very significant way.
“But what I am saying to the people of Ghana is, continue to have confidence that this government that took our economy from one of the lowest growth rates in our modern history, when I came into office in 2017 and brought it up to one of the fasted growing in the world… this government that was able to steer Ghana through the COVID pandemic,” he added.
He claimed that major proactive measures had been done to lessen the effects of the COVID and noted that Ghana had some of the “lowest mortality and infection (rates),” which had prevented the pandemic from having a significant detrimental effect on the country’s economy.
“With the policies it has committed to, this government will find a way to revive our economy and enhance the lives of Ghanaians. Apart from anything else, we have to because we are politicians,” he insisted.
In a statement dated July 1, President Akufo-Addo commanded Finance Minister Ken Ofori-Atta to provide the IMF with an economic rescue plan.
Since then, from July 6 to July 13, a delegation from the Fund led by Carlo Sdralevich visited Ghana and spoke with key stakeholders.
Ghana’s economic headaches
He claimed that major proactive measures had been done to lessen the effects of the COVID and noted that Ghana had some of the “lowest mortality and infection (rates),” which had prevented the pandemic from having a significant detrimental effect on the country’s economy.
“With the policies it has committed to, this government will find a way to revive our economy and enhance the lives of Ghanaians. Apart from anything else, we have to because we are politicians,” he insisted.
In a statement dated July 1, President Akufo-Addo commanded Finance Minister Ken Ofori-Atta to provide the IMF with an economic rescue plan.
Since then, from July 6 to July 13, a delegation from the Fund led by Carlo Sdralevich visited Ghana and spoke with key stakeholders.
This was stated in a document made public by the Ministry of Finance that provided information about the government’s July meeting with representatives of the Bretton Woods institution.
The ministry described its efforts to secure the money as part of the IMF’s High Combined Credit Exposure (HCCE) strategy, a recently established innovative blended program.