President Nana Addo Dankwa Akufo-Addo has admitted the economy of Ghana is going through some trying times.
He has, however, dismissed concerns that these difficulties amount to a crisis; assuring his audience that the government is on top of the situation.
Speaking to the Ghanaian Community in New York, USA, Mr Akufo-Addo attributed the difficulties in the system to the “dramatic increase in crude oil prices” and the strengthening of the US dollar.
President Akufo-Addo admits that has led to “a significant and rapid depreciation of the cedi” but was quick to add that the Bank of Ghana is fighting the depreciation.
“We have to approach the foreign exchange matter medium to long-term by expanding our supply base, that’s not a crisis…they’re difficulties the system would be able to accommodate…” the President said.
He added that his government will work to find a cure to the situation and future ones.
“It’s a difficult situation, but a difficult situation also require some amount of fortitude and firm action and that’s what we are trying to do at home,” he said.
Meanwhile, back in Ghana, Vice President Mahamudu Bawumia has lauded the achievements of the government so far.
Speaking at the fourth National Policy Summit at the University of Development Studies (UDS) in Tamale Monday, Dr Bawumia listed a number of feats [establishment of the Office of Special Prosecutor and restoration of trainee allowances etc.] he argued would be non-existent without the Akufo-Addo-led administration.
Source: Today
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May god punish you for your lies and deception
You fail when you aren’t born a leader. You fail when you use lies to claim what is actually not yours. Almost a year Mahama was in court because you want to president by force which you knew you don’t have the capabilities and yet Mahama performed. for your lies he was seen as the Satan special assistant and he’s to collapse Ghana 🇬🇭. The country is in a mess and communicators don’t even what lies to peddle again. He was not distraughted upon all you did from the election dispute in court and your havalange of lies bcos when you born a leader you’re always focused. You’ve not seen anything yet.
Yaw. You failed. Ghana will succeed
You and who are in difficult times? How did it happen? did it ju8st creep on us??? Does the situation look like what you promised us in 2016??? You are good for nothing!!! You have no leadership acumen and you are SCUM!!