President of the Republic of Ghana Nana Addo Dankwa Akufo-Addo has accepted the fact and confessed that the country is in crisis. The President says, he is not exaggerating when he says so.
President Akufo-Addo made the revelation on Sunday, October 30, 2022, whiles addressing Ghanaians on the current state of the economy. Apexnewsgh.com report
“For us, in Ghana, our reality is that our economy is in great difficulty. The budget drawn for the 2022 fiscal year has been thrown out of gear, disrupting our balance of payments and debt sustainability, and further exposing the structural weaknesses of our economy”
“We are in a crisis, I do not exaggerate when I say so. I cannot find an example in history when so many malevolent forces have come together at the same time. But, as we have shown in other circumstances, we shall turn this crisis into an opportunity to resolve not just the short-term, urgent problems, but the long-term structural problems that have bedeviled our economy”.
“I urge us all to see the decision to go to the International Monetary Fund in this light. We have gone to the Fund to repair, in the short term, our public finances, and restore our balance of payments, whilst 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”. He said
Source: Apexnewsgh.com/Ghana
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