President Akufo Addo has assured Ghanaians that his administration will focus heavily on the stability of the economy in his second term in office.

Giving his victory speech after the declaration of the 2020 Presidential results in which he secured 51.59% votes, President Akufo-Addo said he is committed to making Ghana the beacon of hope for Africa by building a stronger economy.

He noted that the ultimate goal of his second tenure is to grow the country at all front and improve the livelihood of all Ghanaians.

“My immediate task will be to continue with the process of reversing the effects of covid-19 effects on our economy and on our lives. And put the nation on course for full economic recovery and development”, the President pointed out.

“Before the pandemic struck, Ghana in recent years was among the fastest growing economies in the world. I give you my word, we will regain that reputation”, President Akufo-Addo emphasized.

Furthermore, the President said “just as I’ve been doing since January 2017, I give you my word that I will continue to work very hard to build a prosperous and progressive Ghana for which we are here.

“The decisive margin of victory in this elections constitute for me an endorsement of policies and programmes initiated by my government and put before the electorates. And I’m determined to do in all my power to accomplish the task of this new mandate and thereby justify the confidence reposed in me.”

The President assured all Ghanaians that he will do his best for everyone, and therefore will not let anyone down.

He extended his hands to all Ghanaians irrespective of their political affiliations, ethnic backgrounds, amongst others to support his government to deliver results for all.

Though the President is expected to face challenges in his next term particularly with respect to the fiscal economy, various economic forecasts by the International Monetary Fund, the World Bank and international research institutions and credit agencies have revealed that the Ghanaian economy will grow strongly at about 4.8% in 2021.

This will provide opportunity for the economy to mobilize more revenue to take care of budget financing and repayment of debts, amongst others.