President Akufo-Addo promises to restore Ghana’s economy in 22 months

Spread the love

In the 22 months that remain before the end of his term, President Akufo-Addo has promised to revive the economy.

He claims that the nation experienced rapid economic development prior to COVID-19 and the Russia-Ukraine War, which is why it is currently experiencing difficulties.

However, he reaffirmed that he is determined to bring about change during his brief tenure in government.


“The next 22 months of my mandate will be focused on restoring the economy we had before Covid-19 and the Russian invasion of Ukraine to the period of rapid growth. It is a solemn pledge I am making to you my fellow Ghanaians, and one which I am determined to fulfil,” President Akufo-Addo said.

On March 6, 2023, President Akufo-Addo delivered a speech at the 66th Independence Dap Procession in Adaklu-Tserefe, close to Ho.

Speaking about the celebration’s theme, “Our Unity, Our Purpose, Our Purpose,” the president said that the country had not yet achieved all of the potential, goals, and desires of its forefathers who had struggled for its freedom.

According to President Nana Akufo-Addo, he took over from John Mahama with a broken-down economy, but he worked hard and ingeniously to turn it into one of the fastest-growing economies in the world before the Covid-19 pandemic and the Russia-Ukraine conflict struck.

“Fellow Ghanaians, there is one thing I want all of us to remember, and that is that when I assumed office on January 7, 2017, I inherited a severely-challenged economy, whose rate of growth, at the time, was the lowest in over two decades,” the president said in his speech at the 66th Independence Day celebration in the Volta Region on Monday, March 6, 2023.

“By dint of hard work, prudence and creativity, we managed to turn things around, creating an economy which, for the years 2017, 2018, and 2019, the years before the onset of COVID-19, was amongst the fastest-growing economies not only in Africa, but also in the world, recording an annual GDP growth rate of seven percent (7%)”, Akufo-Addo elicited.

“We were the best place to do business in West Africa, and, in 2021, we were described as the most attractive destination for investment in West Africa. The next twenty-two (22) months of my mandate will be focused on restoring the economy we had before COVID and the Russian invasion of Ukraine to the period of rapid growth. It is a solemn pledge I am making to you, my fellow Ghanaians, and one which I am determined to fulfill”, President stated.

Source: Ghanatodayonline.com

About admin

Check Also

NIA workers suspend strike

Spread the love An indefinite strike that started on June 10, 2024, has been suspended, …

Leave a Reply

Your email address will not be published. Required fields are marked *