President Nana Addo Dankwa Akufo Addo says his government is doing everything possible to address the current challenges confronting the nation.
The President, speaking at Ho during the 66th Independence Day celebrations, urged Ghanaians to remain united and not let challenges divide us.
Despite the numerous challenges, Akufo-Addo stated that his government has ensured the supply of basic commodities to prevent the crisis from worsening.
“We all see the images around the world, here in Ghana, we’ve not had any fuel queues, we’ve not suffered shortages of food and essential items, or the catastrophe of dumsor. Major global developments have undoubtedly had a negative impact on our domestic economic performance.
“Global inflation and food prices have reached historic highs. Rising global interest rates caused by central banks tightening monetary policy across several advanced economies to combat rising inflation and the energy crisis, with crude oil prices reaching unprecedented highs of more than $120 per barrel at one point.
The strengthening of the US dollar against all other currencies, as well as tightening global financing conditions, particularly for emerging markets and developing economies,” said President Akufo-Addo.
“It is because of these that our people have suffered. The government has implemented a number of fiscal measures to help Ghanaians, and I’m confident that we’ll see significant relief and recovery sooner rather than later.”
READ ALSO:
