President Nana Addo Dankwa Akufo-Addo has said there have been wide consultations ahead of his national address on Ghana’s cost of living crisis and economy, which is now in dire straits.
For him, there is hope for the Ghanaian economy given his series of engagements with industry players in the last couple of days.
He said the discussions he has had with the Council of State, Cabinet, Financial Institutions, Labour unions and other relevant stakeholders will put the country’s fiscals in the right direction.
I will be addressing the nation after broad consultations with the Council of State, Cabinet and key stakeholders in the economy including, GUTA, AGI, Banks, GPRTU, Forex Bureau Association, Market Women, Ghana Employers Association, and Organised Labour. #HopeForGhanaEconomy pic.twitter.com/21mUwhAQ8h
— Nana Akufo-Addo (@NAkufoAddo) October 30, 2022
President Akufo-Addo will tonight, [Sunday, October 30, 2022] address Ghanaians on government’s plan to resolve the economic shocks bedevilling the nation.
This is on the heels of mounting pressure on the President to speak on the economic difficulties citizens have faced in recent times.
The President’s address is expected to focus on the spiralling cost of living and the immediate reforms needed to restore economic growth.
The country has witnessed high food prices, steep depreciation of the cedi and the rising cost of fuel, sparking public outcry for an improved economy.
President Akufo-Addo is scheduled to speak at 8:00 pm.
Already, some industry players are urging President Nana Addo Dankwa Akufo-Addo to use his address on the ailing economy to send a positive message to Ghanaians and the international market.
Director of Research at the Institute of Economic Affairs (IEA), Dr. John Kwakye said President Akufo-Addo’s address must be one that offers hope to the citizenry.
President of the Ghana Union of Traders Association, Dr. Joseph Obeng also outlined some expectations on measures to improve the business climate in the country.
On his part, the Executive Director of the Peasant Farmers Association of Ghana, Dr. Charles Nyaaba called on President Akufo-Addo to allocate more funds to the agriculture sector in his address tonight.
He mentioned that, the lack of investments in the sector has contributed to the high inflation in food prices.
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