President Akufo-Add is urging hope and confidence among Ghanaians amid the ongoing economic challenges.
In his address to the nation on Sunday, the President assured citizens that the nation would overcome its challenges while adding that the battle ahead belongs to the Lord.
His optimism comes after the government secured a deal with the International Monetary Fund (IMF) on Wednesday, May 17.
Already the first tranche of the $3 billion government requested from the Fund has been credited to the Bank of Ghana’s account. However, economists have warned that the country is not out of the woods yet.
Conceding, President Akufo-Addo said the IMF deal does not automatically alienate all of the nation’s financial issues.
According to him, the deal will instead reinstate the financial trust in the country, thereby, drawing a lot of investors into the country who will in turn change the economic trajectory of Ghana.
“Access to the IMF facility will not expel the immediate end of the difficulties we are in presently. But the fact that we’ve been able to negotiate such a deal, sends a positive message to our trading partners, creditors and investors.
“A positive message that will be underpinned by the discipline, hard work, and enterprise with which we execute the programme. It should lead to the restoration of confidence and the reopening of avenues that have been closed to us this past year and a half. It should also lead to the resumption of many infrastructure projects that have stalled,” he said.
While admitting that transformation will not happen overnight, President Akufo-Addo sought to unify the nation and uplift the collective spirit.
To rally all and sundry for the challenges ahead, he said, “Fellow Ghanaians, we shall overcome our present economic difficulties. The battle is indeed the Lord's."
Latest Stories
-
We have a stable national grid; outages due to localised faults – ECG
32 mins -
Easter celebration: Ghana AIDS Commission to distribute free condoms in Kwahu
47 mins -
Zeepay secures additional $3m from Verdant Capital Hybrid Fund
54 mins -
Over 70% of power outages were due to planned maintenance works – ECG to PURC
57 mins -
Access Bank partners Horseman Shoes to boost local shoe manufacturing industry
1 hour -
Election 2024: Don’t vote for candidates making empty promises – CDD to Ghanaians
1 hour -
IGP shares Easter safety tips on Adom FM’s ‘Ofie Kwanso’
2 hours -
Ebo Whyte offers fully-funded trip as he unveils new play ‘Dubai or No Sex’
2 hours -
Ancient culture of Anlo Kingdom: Exploring “Torkor Atorlia,” the fifth landing stage’s old ways of punishment
2 hours -
Leaders from Saudi Arabia, Turkey, Botswana, Cameroon and Sierra Leone to lead discussions at Africa Finance Corporation’s (AFC) 4th Country & Stakeholder Symposium
3 hours -
Network International Delivers Strong 2023 Revenue growth at 15% y/y and free cashflow growth of 16% y/y
3 hours -
President Akufo-Addo extends Easter Greetings to Ghanaians, urges safe drive
3 hours -
Government pushes for use of more local materials in housing, other infrastructure projects
3 hours -
Dr Bawumia extends Easter greetings to Christians
4 hours -
CAF Confederation Cup: ‘Ghanaians should expect victory against Stade Malien’ – Dreams FC forward Ishmael Dede
4 hours