Categories: FeaturedNews

Ghana Will Be Prosperous After My Mandate – Akufo-Addo

President Nana Addo Dankwa Akufo-Addo on Wednesday stated that his government had a clear vision on where it was taking the country, saying that by the end of his mandate, Ghana would have emerged a very prosperous nation.

So far, his government, he said, had over the last two and half years made significant progress in all aspects of the economy and was working to put the country on the path of progress and prosperity.

The President who made this known when he addressed participants at the 2nd Ghana Diaspora Homecoming Summit at the Accra International Conference Centre, said through his administration inherited an economy confronted with significant challenges, significant progress had been made, with the macroeconomic fundamentals now pointing in the right direction.

Acknowledging that though was not out of the woods yet, but “by dint of hard work and prudent management of our resources, we have made modest advances, and I am happy to report that we have been able to steer our country out of the stormy waters that had characterised the years before 2017.”

“Ghana is projected, this year, by the IMF, to be the fastest-growing economy not just in Africa, but in the entire world, with a projected GDP growth rate of 8.8%. Inflation is in single digits, from 15.4% at the end of 2016 to 9.5% in April 2019; the debt-to-GDP ratio has declined to 54.8% at the end of 2018; interest rates are declining; and so is the Bank of Ghana Monetary Policy Rate,” he said.

Albert Echetah

Recent Posts

Africa and GCC Trade Doubles to $121 Billion

Trade between African and GCC countries stands at $ 121 billion in 2023, double of what it was in 2016.…

December 21, 2024

Families in Mayotte rebuilding their homes complain of lack of help

Family members struggling after one week after  of Cyclone Chido ripped through the French island territory of Mayotte expressed helplessness…

December 21, 2024

Ethiopian PM Inaugurates UAE-Funded Orphanage in Oromia

The United Arab Emirates has launched its orphanage project in Ethiopia's Oromia region on the orders of President Sheikh Mohamed…

December 21, 2024

A Rising Femicide Threat, Kenya’s Call to End Gender Based Violence

In just four months, 100 women have been killed, the majority by males they knew including spouses. Prime Cabinet Secretary…

December 20, 2024

Actor C Confion has passed away

The Ghanaian entertainment industry is in deep mourning following the sudden death of Bright Owusu, better known as C Confion.…

December 20, 2024

South Africa: 512 Accident Deaths and 941 Arrested for Drunk Driving Just on December Month

Since the beginning of December more than five hundred people have lost their lives on the nation's highways. Barbara Creecy,…

December 19, 2024

This website uses cookies.