- Akufo-Addo has revealed that during his first term in office, his administration has stabilised the Ghanaian economy
- He explained that even though his government inherited a difficult economy he has been able to turn things around
- He made this known while presenting his last State of the Nation Address
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President Nana Addo Dankwa Akufo-Addo has revealed that during his first term in office, his administration has stabilised the Ghanaian economy.
Akufo-Addo explained that even though his government inherited a difficult economy from the erstwhile Mahama administration after the 2016 elections, it has been able to turn things around.
He made this known while presenting his last State of the Nation Address (SoNA) in his first term on Tuesday January 5, 2021 in the makeshift parliament.
”We have been able to stabilize the economy, restored confidence in economy,” he said.
According to him, Ghana’s exit from the International Monetary Fund (IMF) bailout programme is one of the indicators of a buoyant economy he has built.
He mentioned “Single digit inflation, relatively stable exchange rate, three consecutive years of trade de surplus, reduced lending rates” and others as some of the indications that he has built a strong economy.
In a related development, President Akufo-Addo has affirmed a nationally-acclaimed "fellow Ghanaians" nickname he was given in line with his COVID-19 updates and addresses to the nation.
While speaking at the last State of the Nation Address of the 7th Parliament of the 4th Republic on January 5, 2021, the president praised Ghanaian ingenuity in creating such a name.
The president went on to add that he was delighted that even in the face of the scare that hit the whole world due to the COVID-19, Ghanaians still showed creativity.
In other news, Akufo-Addo also indicated that Ghana's local rice has grown in popularity and has become the preferred choice in many Ghanaian homes.
He went on to indicate that on the agricultural front, Ghana managed to stay afloat and cut down on imports of basic foodstuff that were hitherto not grown on a large scale in the country.
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