Our Economy Is Rebounding Were Turning The Corner Akufo Addo

In a recent speech, President Nana Addo Dankwa Akufo-Addo expressed his optimism regarding the rebound of Ghanarsquo;s economy.

Speaking at the Valedictory Service for the outgoing Moderator of the Presbyterian Church of Ghana on Sunday, President Akufo-Addo assured the public that his government is working hard to restore the economy to a high rate of growth.

He emphasized the need for unity and faith, believing that Ghanarsquo;s fortunes will be restored under his leadership.

Akufo-Addo acknowledged the obstacles faced by the economy, particularly due to the COVID-19 pandemic.
However, he expressed confidence that Ghana is rebounding and turning the corner towards growth and development.

He credited the governmentrsquo;s policies and programs for addressing these obstacles and stated the significance of challenging decisions in this process.

Earlier, Finance Minister Ken Ofori-Atta echoed the Presidentrsquo;s sentiments, reinforcing the governmentrsquo;s commitment to maintaining discipline and stabilizing the economy.

Ofori-Atta highlighted the completion of the first review of the three-year $3 billion International Monetary Fund External Credit Facility (IMF-ECF) program as evidence of turning the corner relative to economic obstacles.

Ofori-Atta assured the public that the government is determined to sustain stability and foster increased growth and currency stability.

He highlighted the decline in inflation from 54.1% in December to 35.2% in October 2023 as a positive indicator of the countryrsquo;s economic recovery.

He emphasized that the recovery is real and enduring.

According to Ofori-Atta, the governmentrsquo;s prompt deployment of strong fiscal and monetary policy measures since last year, as well as in the first half of 2023, has largely contributed to the continued economic recovery experienced in Ghana.

He cited resilient growth, declining inflation, enhanced fiscal and external balances, and a stabilized exchange rate as positive outcomes of these measures.

Both Akufo-Addo and Ofori-Attarsquo;s statements indicate a sense of optimism and confidence in Ghanarsquo;s economic rebound.

The governmentrsquo;s commitment to sustaining stability and promoting growth helps to instill hope in the public and strengthen their faith in the overall recovery.