Akufo-Addo Says He's Working Very Hard To Restore Ghana To A High Rate Of Growth

• President Akufo-Addo has reiterated his commitment to restoring Ghana's economic fortunes through the implementation of sound policies and programmes
• Acknowledging the difficulties Ghanaians are facing, the President expressed optimism about the country's economic rebound, citing tough decisions and effective policies to address the challenges
• Akufo-Addo stressed the need for unity, faith, and active cooperation from the public, stating that collective efforts will contribute to Ghana's return to growth and development

President Nana Akufo-Addo has given the assurance that his administration remains committed to restoring Ghana's economic prospects despite the current challenges.

He asserted that the policies and initiatives his government has put in place are pivotal for economic stability.

Nana Akufo-Addo gave this assurance when he addressed the Valedictory Service for the outgoing Moderator of the Presbyterian Church of Ghana, Rt. Rev. Prof. Obiri Yeboah Mante.

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President Akufo-Addo expressed optimism in fulfilling this commitment before the end of his term.

He reassured the public, stating:

"I know times have been bad, but it is clear that our economy is rebounding back, and we are turning back the corner to growth and development.”

He said he and his appointees are working round the clock "to return the economy to a high rate of growth."

Acknowledging the challenges Ghanaians are facing and the tough decisions they have had to make, he highlighted that the implemented policies are effectively addressing these challenges.

The President urged unity, faith, and belief in the collective effort, stressing that, with the support of the people and the grace of Almighty God, Ghana's fortunes will be restored.

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Government to ban the importation of tripe, rice, poultry and 19 other products to protect local economy

Meanwhile, the government says it is working on a new law that will ban the importation of strategic products, including staples like rice, fruit juices, tripe (yemuadiɛ), and fish.

In the controversial move, the importation of cement, and 17 other items would also be banned.

The Minority is, however, impeding the progress of the proposed regulation, demanding additional consultations.

Trade minister KT Hammond has said the regulation will shape the import landscape and strengthen the local economy.

IMF says Ghana's economy is showing signs of stabilisation

In other news, YEN.com.gh reported that the IMF scored high marks for Ghana's economic recovery, noting that the economy is showing signs of stabilisation.

In the report released on October 6, 2023, the IMF said Ghana's economic growth in 2023 has proven more resilient than initially envisaged.

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These assessments were contained in an IMF staff report that was informed by meetings with the finance minister, the BoG governor and the vice president.

Source: YEN.com.gh