While Ghanaians lament over what they describe as enormous economic challenges with a rapid hike in oil and fuel prices, President Akufo-Addo has expressed confidence that things will improve soon.

Using the cleanup in the financial sector as an example, the President said the ‘difficult but necessary’ action has assisted the country gain a stronger financial foundation.

In view of that, he is optimistic that despite the growing economic challenges, the country will soon have a grip on the situation.

“I think that today, we are satisfied that the financial and banking system is on a much stronger foundation in Ghana today than it was five, six, seven years ago. That gives us a lot of hope that the means for financing the development of our country is nearer at hand than it has ever been in the course of our history.”

The President gave the assurance when he interacted with a delegation from Nigeria’s FNB Bank at the Jubilee House.

“When we came into office, the financial sector was in considerable difficulties, some people will say it was almost at the brink of collapse, very harsh but necessary measures had to be taken to bring it back to sanity.

As Chairperson of the Economic Community of West African States (ECOWAS), President Akufo-Addo called on leaders of the sub-region to have a united front in the quest to resuscitate their various economies post Covid-19.

President AkufoAddo expressed confidence that the move will facilitate rapid growth across the sub-region.

“There are matters that we have to also resolve together. I believe that at the end of the day if there is this cooperation across borders in our region, that will give us a stronger base in which to deal with the problems that have emerged in these past two years,” he said.