President Akufo-Addo claims that the government is doing all possible to address the country’s economic issues.
The decisions made at the Cabinet retreat over the weekend, according to Nana Akufo-Addo, will help revive the economy.
“Many of the issues that we are confronting are visible in other parts of the world,” he remarked at a meeting with members of the Council of State. This does not, however, imply that we are powerless. We’re doing everything we can to help the economy recover.”
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A multiplicity of factors, including the Covid-19 pandemic and Russia’s invasion of Ukraine, have largely contributed to economic meltdown across the globe, and the Vice President, Dr. Bawumia, is expected to address how these factors have impacted the Ghanaian economy, as well as measures the government has taken to address the situation.
Prior to the outbreak of the coronavirus pandemic in 2020, the Ghanaian economy was on the rise with positive indicators, earning positive ratings from global economic watchers.
The already tight situation, due to covid, has also been worsened by the invasion of Russia in Ukraine.
A former Deputy Minority Leader and Chairman of the Public Accounts Committee, James Klutse Avedzi however thinks government has no excuse.
He believes Ghana’s economic challenges are down to mismanagement and not necessarily the global crisis.
