President Nana Akufo-Addo has stated that his government is aware of Ghanaians’ numerous economic difficulties and is striving to fix them.
He stated that the government has already begun taking steps that will provide citizens with immediate relief.
“I realize that there is a general sense of worry in our nation at the moment,” the president remarked in his State of the Nation Address to Parliament on Wednesday. The Ghanaian people are concerned about the economy, the cost of living, income levels, youth employment, and other problems on which we all thought we had reached a national consensus.”
He explained that the majority of the problems were caused by the COVID-19 pandemic and Russia’s recent invasion of Ukraine, both of which disrupted supply networks.
He said that the country had been making great progress and growth prior to these events.
According to him, the government’s many measures, which began when it took office in 2017, began to bear fruit, putting Ghana on the path to prosperity between 2017 and 2020.
“Then COVID appeared. This is not something anyone could have predicted, and the effects are visible all across the world for all to observe. COVID’s economic disaster has been exacerbated since the beginning of the year by Russia’s invasion of Ukraine, which has damaged the global economic outlook, and we in Ghana have not escaped this trend,” he noted.
“The steps announced by the Minister for Finance are meant to illustrate that we are conscious that we are in difficult times, and we are addressing the problem,” President Akufo-Addo said once more. Within this environment, the austerity measures imposed on members of the Executive have been developed.”
He also stated that the government is not ignoring its responsibilities to the people, and that it will continue to work to improve the economy and deliver prosperity to the people.
“The road to recovery will be difficult and lengthy, Mr. Speaker, but we’ve gotten off to a strong start by acknowledging that we’re in a difficult situation and making the difficult decisions that will bring us out,” he said.