Government Committed To Preserving Ghana’s Stability, Democracy — Prez Akufo-Addo

President Nana Addo Dankwa Akufo-Addo has stressed the commitment of his government to preserve the reputation of Ghana as a democratic, peaceful and stable country.

He said it was the only way to inspire confidence in the economy to the rest of the world.

The President gave the assurance at the annual diplomatic new year greetings ceremony at the Jubilee House in Accra last Tuesday.

“We continue to consolidate our reputation as a democratic, peaceful and stable country and I assure you that my government will continue to do everything possible to preserve this hard-won reputation to inspire confidence in our country and its economy,” he stated.

In that regard, President Akufo-Addo said: “We have, through the implementation of the government’s coordinated programmes for economic and social development policy, sought to create the conditions necessary to make our country an attractive investment destination.”

“We have also restored discipline in the management of the economy; we have guaranteed access to education and health care for all and we are becoming increasingly self-sufficient in the production of food,” he told the diplomats.

That, according to the President, was a determination to show that Ghana could emulate the successes of others and emerge as a modern prosperous nation, noting that that could be achieved through the disciplined management of public finances, which he described as an important element in constructing the platform for prosperity.

“That is why we have recently enacted a law to cap the fiscal deficit at a maximum of five per cent, to be accompanied by a commitment to ensure that the debt-to-Gross Domestic Product (GDP) ratio does not exceed five per cent of GDP.

“It is time that the disarray in our public finances that has led us on 17 separate occasions to go to the IMF, beginning from the era of President Kwame Nkrumah to the most recent one in March 2015, under President John Mahama, was brought to an end, so that we do not have to resort to the aid of the IMF,” President Akufo-Addo said.