President Nana Addo Dankwa Akufo-Addo has said: “I am confident that we will revive and revitalise the economy and put our nation back on the path of rapid economic growth”.
Speaking at a state-sponsored event with some senior citizens to mark Founders’ Day, Mr Akufo-Addo said: “This is a solemn pledge I am making to you.
“I remain resolutely optimistic about Ghana’s future, which I continue to believe is bright,” the President added.
Ghana recently contacted the International Monetary Fund for assistance to fix the broken economy.
Early in July, the President said all countries around the world are working to return themselves to a state of normalcy following the devastating impact of the pandemic of COVID-19, whose effects have been exacerbated by the Russian invasion of Ukraine.
According to President Akufo-Addo, “Economies have been plunged into recessions, businesses have collapsed, and lives and livelihoods have been disrupted. Food and fuel prices have escalated dramatically, as global and domestic inflationary pressures mount. Hopefully, sooner rather than later, the world will make up for lost time.”
Swearing in 10 Ambassadors and High Commissioners at Jubilee House, on Thursday, 7th July 2022, the President stated that “in our case, we have decided to seek the collaboration of the International Monetary Fund (IMF) to repair, in the short run, our public finances, which have taken a severe hit in very recent times, as a result, while we continue to work on the medium to long-term structural changes that are at the heart of our goal of creating a Ghana Beyond Aid, that is building a resilient, robust Ghanaian economy.”
He was confident that “determination, hard work, unity and the proverbial Ghanaian sense of enterprise, we will make it, we will succeed. Indeed, this, too, shall pass.”
President Akufo-Addo told the Ambassadors and High Commissioners that the twin events of COVID-19 and the Russian invasion of Ukraine have emphasised the need for stronger ties of cooperation and bonds of friendship around the world.
“No country can afford to go it alone, we either succeed together or we perish together. And this is where your work as Ambassadors and High Commissioners will be needed the most,” he added.
The President, thus, urged them to familiarise themselves with the objects of the Ghana CARES ‘Obaatampa’ Programme, which sets out Ghana’s roadmap toward the strong revitalisation of the Ghanaian economy.