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Home Featured

Akufo Addo expresses optimism in Ghana’s economy

Aba Aikins Appah by Aba Aikins Appah
5 years ago
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President of Ghana, Nana Akufo Addo has expressed confidence in the economy of the country in the coming years as the country keeps on in the fight against the Covid 19 pandemic.

Delivering his Christmas message to the country on  Friday December 24th 2021, the president called on all not to use the current economic situation as a conspiracy for the future and rise up to work in reviving the future of the country.

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In his word he said “Let us not see the economic difficulties of today as the blueprint for tomorrow. I am a firm, passionate believer in our national potential. We have it in us to rise up and revive our fortunes. There are brighter days ahead for Mother Ghana.”

The economy, which was growing at an average of 7% in 2017, in 2018 and in 2019, grew by 0.4% in 2020, because growth in industry, services, tourism and manufacturing sectors, which drive the economy and provide jobs for many Ghanaians, contracted dramatically in 2020.

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He was optimistic that the recovery of Ghana’s economy will see the light of day through government’s designed solid programme for the recovery and revitilisation of the economy, which is the one hundred-billion-cedi Ghana CARES ‘Obaatampa’ Programme.

He added saying “we have completed the implementation of the Stabilisation Phase in 2021, which saw the economy grow at 6.6% in the 3rd quarter of 2021, with a projected overall growth of 4.4% for 2021. 2022 and 2023 will be the years of Recovery and Revitilisation and faster economic growth. Already, there are clear signs that the economy is bouncing back strongly, just as there are welcome indications that the global economy is also recovering.”

The president, in his address also called on all Ghanaians to adhere to the covid 19 protocols to help minimize the spread of the virus during this season.

He said “the number of active cases is currently on the rise. So, let us act and live responsibly… The science tells us that getting vaccinated is the most effective way to defeat the virus and go back to our normal way of life, re-open fully our economy, and return our nation onto the path of progress and prosperity”.

He said it is important for citizens to celebrate the season safely and responsibly and maintain the peace of the nation.

Read also: WHO calls for the suspension of events during Christmas

Source: Richard Osei Korankye/ATLFMNEWS

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