President Nana Addo Dankwa Akufo-Addo has reaffirmed the commitment of his administration to revitalizing the struggling economy.
He emphasized that his government is diligently working towards restoring the economy to a robust state.
In recent times, the economy has faced significant challenges, including rising prices of goods and services, an unsustainable debt burden, and a fluctuating currency, leading the government to seek a $3 million bailout from the International Monetary Fund (IMF).
During the Eid-Ul-Adha celebration on Wednesday, June 28, the President addressed Muslims and attributed the stability in petroleum product prices and the local currency to a decrease in inflation.
“I said at the height of the COVID-19 pandemic that we do not know how to bring back lives, but we know how to bring back an economy. I stand by those words. Insha Allah, we are working to restore the economy to full health, and, Insha Allah, we shall do so”.
“The currency has seen some stability lately, and, through the Gold for Oil Programme, we have seen the stability in the prices of petroleum products as well, all of which are bringing inflation down. Things are getting better, and will get better, I can assure you. Things are getting better and will get better”.
He assured his commitment to implementing policies such as the 1-District-1-Factory, Planting for Food and Jobs, and Free Senior High School, among others.
“We have continued to keep the lights on. We have continued to provide free SHS education. We have continued to ensure drone delivery of critical medicines to needy and remote communities. We have continued to keep the Zongo Development Fund. We have continued to build new roads and repair old ones. We have continued with our 1 -District-1 -Factory policy, and the Programme for Planting for Food and Jobs.
Source: The Independent Ghana | Amanda Cartey