Major Key Statements In President Akufo-Addo's Address

The President of the Republic of Ghana, Nana Addo Dankwa Akufo-Addo following the economic crisis in his address to the nation has highlighted on the measures to combat the economic challenges.

'I will be coming regularly to keep you updated about the measures your government is making to move our country forward, and tackle our economic challenges.

For us, in Ghana, our reality is that our economy is in great difficulty. The budget drawn for the 2022 fiscal year has been thrown out of gear, disrupting our balance of payments and debt sustainability, and further exposing the structural weaknesses of our economy.'

Read the major key points below:

• We are in a crisis

• IMF negotiations are at advanced stages

• Govt expects to reach a deal with IMF by end of the year

• Let us be measured in the margins/profit we seek - gov't to traders

• My ambitions for Ghana are high

• No individual or institutional investor will lose their money

• We need to work to close infrastructure gap

• We are committed to improve revenue collection 

• 30% cut in salary for govt appointees remain

• We need to reduce our dependency on imported goods

• Exports not imports must be our mantra

• No individual or institutional investor will lose their money

• LEAP expanded by 150,000 beneficiaries 

• School feeding expanded from 1.6m children to 2.1m

• You have a gov't that cares - President to Ghanaians

• We will triumph, as we have triumphed many times before 

• 'Sika mpɛ dede' 

Source: AfricaNewsArenaGh.com