- President Akufo-Addo believes Ghana would be prosperous by the end of time in office
- He has provided figures to prove Ghana's economy is on the right track
President Akufo-Addo has expressed optimism that Ghana would be a prosperous nation at the end of his tenure.
According to him, there is a clear direction with regard to where his administration is taking Ghana as a nation.
He added that his government has made significant progress in all aspects of the economy in the last two and a half years.
Per a 3news.com report, he also noted that his administration was working to put the country on the path of progress and prosperity.
The president made this known when he addressed participants at the second Ghana Diaspora Homecoming Summit at the Accra International Conference Centre.
He revealed that though his administration inherited an economy confronted with significant challenges, substantial progress had been made, with the macroeconomic fundamentals now pointing in the right direction.
“Ghana is projected, this year, by the IMF, to be the fastest-growing economy not just in Africa, but in the entire world, with a projected GDP growth rate of 8.8%.
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Inflation is in single digits, from 15.4% at the end of 2016 to 9.5% in April 2019; the debt-to-GDP ratio has declined to 54.8% at the end of 2018; interest rates are declining; and so is the Bank of Ghana Monetary Policy Rate,” he said.
Meanwhile, President Akufo-Addo, on Thursday, July 4, 2019, cut the sod for the construction of a $100 million military housing project.
YEN.com.gh understands that the Ghana Military Academy is also set to undergo reconstruction. The project would be completed in thirty-six (36) months and would include 176 two-bedroom flats, 160 two-bedroom half compound houses, 1 military hostel with 240 self-contained rooms and 1 platoon commanders’ block, containing four two-bedroom flats.
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