Ekeomah Atuonwu
President Nana Akufo-Addo of Ghana 🇬🇭, has admitted that the current economic hardship in the country is real but has given the assurance that the government is working hard to resolve the situation sooner than later.
The President made these remarks when he addressed the 92nd Speech and Prize Giving Day Durbar of the St. Augustine’s College in Cape Coast sponsored by the 1997 Alumni year group of the school.
According to the Ghana Statistical Service (GSS), consumer price inflation in Ghana reached 15.7% year on year in February, up from 13.9% in January of this year.
Fuel prices, on the other hand, have been rising since the beginning of the year, with petrol and diesel reaching nearly GH10.00 per litre, affecting transportation fares and exacerbating prices of general goods and services.
However, describing the difficulties as a global phenomenon, the President stated that Ghana was not the only country facing extraordinary increases in global freight rates, strong inflation repression, dramatically higher fuel prices, unprecedented volatility in the stock market, and tighter global financial conditions, which he attributed largely to the COVID-19 pandemic.
“Nonetheless, government continues to work hard to address these issues and I am certain that sooner rather than later, our economy, through the implementation of government’s GH¢100 million Ghana Cares Obaatanpa programme, will rebound from the ravages of the pandemic, bringing in its wake stability, development, progress and prosperity for all Ghanaians,” he assured.
President Nana Addo Dankwa Akufo-Addo
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