Ghanaians have been told by President Nana Addo Dankwa Akufo-Addo that the current economic crisis will end soon.
He asserted that Ghanaians should have faith in him and trust that, in his capacity as president, he will be able to address the issues facing the nation.
On Sunday, October 23, President Nana Addo Dankwa Akufo-Addo concluded his three-day Eastern Regional tour by speaking at St Mark Anglican Church in Kyebi.
“I am aware of the difficulties Ghanaians are experiencing, and I implore you to have faith in me to overcome them because this too shall pass.”
Ghanaians are currently facing economic challenges just as other countries are also doing.
The Cedi has recently been classified by Bloomberg as the worst-performing currency against the US Dollar.
Currently, the Cedi is trading at above GH¢14 to a dollar at some forex bureaus. The depreciation rate is a contributory factor for the ongoing shop closures ordered by the Ghana Union of Traders Association (GUTA).
According to the group, the fast depreciation of the Cedi is eroding their profits and also increasing the cost of doing business.