Vice President, Dr. Mahamudu Bawumia has reaffirmed the ability of the country’s economy to bounce back despite the current challenges.
According to him, “changing the structure of our economy through diversification and value addition will not happen overnight.”
Dr. Bawumia, however, noted that the Akufo-Addo government is committed to dealing with the existing hurdles to make the economy better.
“It remains a major pre-occupation of the government because it is our pathway to reduce import dependency, expand the economy, create jobs, increase exports, and support the value of our currency,” he said on Thursday.
The address at the National TESCON Training and Orientation Conference on Thursday, is the first economic-themed speech by the Vice President since the onset of price hikes on fuel and other commodities as well as the depreciation of the cedi.
As the leader of the Economic Management Team, a section of the public called on him to make a public statement.
Admittedly, Dr Bawumia said the Covid-19 pandemic and the Russian- Ukraine crisis have had adverse effects on the economy.
On the back of this, his address focused on measures the government has taken to address the situation.
Already, President Akufo-Addo has asserted that government is taking realistic steps to overturn the economic downturn, although it won’t be an easy task.
Delivering the State of Nation Address (SONA 2022) in Parliament, the President said, “the road to recovery will be hard and long, Mr. Speaker, but we have started on a good footing by accepting that we are in a difficult place and are taking the difficult decisions that will get us out.”
Latest Stories
-
Yaw Nsarkoh: Bit by bit we will understand China
3 hours -
Looted and returned: Asante royal artefacts on display for public viewing at Manhyia Museum
4 hours -
Suspected killer in Kasoa land dispute shooting not a National Security operative
4 hours -
Ghana appoint four Para Athletics coaches in Preparation for Paris 2024
4 hours -
Kumasi Cheshire Home decries inadequate equipment; seeks public support
5 hours -
UCL: Niclas Fullkrug hands Dortmund first leg advange over PSG
5 hours -
GPL: Accra Lions beat Hearts of Oak to go third
6 hours -
Seek higher grounds as rains intensify – GMet warns
7 hours -
May Day: Sam Ankrah promises to prioritise welfare and well-being of workers if elected president
7 hours -
Bawumia plans door-to-door campaign for 2024 polls
7 hours -
GAF condemns ‘unprovoked’ fatal shooting of soldier in Kasoa land dispute
7 hours -
OSP’s request for money laundering probe against Cecilia Dapaah baseless – AG advises EOCO
8 hours -
Obofour Raphael releases ‘Asem Yi Di Ka’ EP
8 hours -
‘Operation Clean Your Surroundings’: Popular Kenkey joint and public toilets in Takoradi shut down
8 hours -
GFA boss Kurt Okraku graces Dreams FC’s dinner to celebrate CAF Confederation Cup exploits
9 hours