The president, Nana Akuffo-addo, has with concern disclosed how the effects of the current economic issues have affected lives, livelihoods, the collapse of businesses, and the increase in gasoline during a swearing-in ceremony at Jubilee House on July 7, Thursday evening.
He expressed optimism that the economy would be revived through cooperation with the IMF, although he also noted that the nation would succeed and overcome these difficulties if everyone worked hard and together.
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“I am confident that with determination, hard work, unity and the proverbial Ghanaian sense of enterprise, We will succeed, we will make it, and indeed, this too shall pass.
Economies have been plunged into recession; businesses have collapsed; lives and livelihoods have been disrupted; food and fuel prices have escalated dramatically as global and domestic inflation mounts.
In our case, we have decided to use the collaboration with the International Monetary Fund to repair, in the short term, our public finances, which have taken a severe hit in very recent times, “he said.
Source: Operanews
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