President Akufo-Addo has hinted at possibly securing a deal with the International Monetary Fund (IMF) by the end of the year.
According to him, the country is likely to arrive at an agreement by December to get the crucial bailout it seeks.
He believes this will help "repair the short term of public finances and restore our balance of payment whiles we continue to work on the medium to long term structural changes that are at the heart of our goal of constructing a resilient robust Ghanaian economy and building a Ghana Beyond Aid."
The country is in an economic crisis leaving a dire impact on all sectors.
Ghana is currently at the doors of the Fund seeking support amid intensifying hardship, a rising cost of living and a depreciating cedi.
But in an address to the nation on Sunday, President Akufo-Addo insisted that the government is committed to ensuring that the economy is back on track.
"We are working towards securing a deal with the IMF by the end of the year," he said on Sunday.
"This will give further credence to the measures Government is taking to stabilize and grow the economy, as well as shore up our currency."
Latest Stories
-
Election 2024: Don’t vote for candidates making empty promises – CDD to Ghanaians
7 seconds -
IGP shares Easter safety tips on Adom FM’s ‘Ofie Kwanso’
26 mins -
Ebo Whyte offers fully-funded trip as he unveils new play ‘Dubai or No Sex’
37 mins -
Ancient culture of Anlo Kingdom: Exploring “Torkor Atorlia,” the fifth landing stage’s old ways of punishment
53 mins -
Leaders from Saudi Arabia, Turkey, Botswana, Cameroon and Sierra Leone to lead discussions at Africa Finance Corporation’s (AFC) 4th Country & Stakeholder Symposium
1 hour -
Network International Delivers Strong 2023 Revenue growth at 15% y/y and free cashflow growth of 16% y/y
1 hour -
President Akufo-Addo extends Easter Greetings to Ghanaians, urges safe drive
2 hours -
Government pushes for use of more local materials in housing, other infrastructure projects
2 hours -
Dr Bawumia extends Easter greetings to Christians
2 hours -
CAF Confederation Cup: ‘Ghanaians should expect victory against Stade Malien’ – Dreams FC forward Ishmael Dede
3 hours -
CAF Confederation Cup: ‘We want to go there and win’ – Karim Zito on Stade Malian clash
3 hours -
Togbe Adzie Lãkle Howusu XII endorses youth leadership as New Force Movement gains momentum
4 hours -
Public Utility Workers Union appeals to PURC to address power crisis
4 hours -
Anbariya loses another appeal in Kumasi as Appeal Court ratifies High Court ruling against the Islamic Institute
4 hours -
Highway construction health hazard: Ofankor-Pokuase-Nsawam residents appeal for dust relief
4 hours