President Akufo-Addo has reiterated his commitment to resuscitating the ailing economy of the country.

According to him, the government has instituted some policies which will transform the economic prospects of Ghana that will consequently bring relief to the average Ghanaian.

Globally, economies are slowing down and are expected to slow further in the years ahead due to several factors including high inflation, Russia’s invasion of Ukraine, and the Covid-19 pandemic.

As a result, the world economy is expected to slow from 6 per cent in 2021 to 3.2 per cent in 2022 and 2.7 per cent in 2023.

Ghana has not been spared in this economic havoc.

The country’s runaway inflation coupled with weak government finances and the weakened cedi, is harming the country’s economy. Businesses and entrepreneurs are struggling to stay afloat in this crisis which is causing some to fold up because they cannot meet their operating costs.

While acknowledging these hardships, President Akufo-Addo when delivering his speech at the Independence parade said he is committed to revamping the economy.

“Government has deployed a number of fiscal interventions to help bring relief to Ghanaians. And I am confident that sooner rather than later, we’ll see significant results of relief and recovery,” he said on Monday.

The President further noted that he will throw more light on the topic when he delivers the State of the Nation Address (SONA) in Parliament on Wednesday.

“In two days, I will in the Chamber of Parliament deliver a message on the State of the nation. While there, I will delve into much greater detail the entirety of the package of policies government is implementing to bring back the days of rapid growth.”

The 66th Independence Anniversary of Ghana which was themed “Our Unity; Our Strength; Our Purpose” was held at Adaklu in the Volta Region.