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President Nana Addo Dankwa Akufo-Addo has commended the Finance Minster, Mr. Ken Ofori-Atta for his tremendous effort to change the face of Ghana’s economy.

The President during his second State of the Nation Address described the hard working minister as a “National asset” – an accolade he has proven to earn.

"Ken Ofori-Atta, the Finance Minister is proving to be a national asset", he told Parliament.

President Nana Addo however maintained that - his government met an ailing economy which his administration will work harder to make it stable.

“We have increased our international reserves, maintained relative exchange rate stability, reduced the debt to GDP ratio and the rate of debt accumulation, we have paid almost half of arrears inherited, and crucially, we are current on obligations to statutory funds”, he said. 

Accoridng to President Akuf0-Addo, the annual average rate of debt accumulation, which, in recent years, has been as high as 36%, has declined to 13.6%, as at September 2017.

"As a result, the public debt stock as a ratio of GDP is 68.3%, against he annual target of 71% for 2017, and end 2016 actual figure of 73.1%", he added.