President Nana Addo Dankwa Akufo-Addo has stated that his government is committed to restoring macroeconomic stability and promoting inclusive prosperity.
The president stated that signing the agreements with the International Monetary Fund (IMF) will not instantaneously restore the country’s fortunes, but will put us on the path to recovery.
“Mr. Speaker, concluding the arrangements with the Fund will not restore our fortunes overnight, but it will set us on the road to recovery. With fiscal discipline, we will regain the trust and confidence of our business partners and the investor community, which will give us space to continue our product plans and policies.”
“Mr. Speaker, Government recognises that sustained growth must be deliberate, especially in a global landscape marked by forces of technology, trade, and intense competition. It requires a combination of leadership, social cohesion, and deep investments in core capabilities of people, firms, and institutions to harness our opportunities,” he said at the State of the Nation in Parliament on Wednesday, March 8.
“This is why together with our private sector counterparts, we are anchoring Ghana’s medium-term growth drivers on competitiveness, integration, adaptation, and digital innovation, all aimed at raising per capita GDP from the current US$2,500 to US$4,500 (aligning with the Ghana Beyond Aid Charter) by 2030,” Akufo-Addo added.
However, the President noted that in addition to the government’s engagement with the Fund, it is also seeking and implementing some original and innovative ideas to solve the economic problems.
