Gov’t is not impotent in finding solutions to the economic challenges – Akufo-Addo

President Nana Addo Dankwa Akufo-Addo has observed that the challenges that are facing Ghana are similar to those pertaining in many countries around the world.

He noted that it is no secret that Ghana is going through economic turbulence.

Speaking at a meeting with Council of State members at the seat of government, the Jubilee House in Accra on Tuesday March 22, Mr Akufo-Addo said government has the ability of finding solutions to the challenges.

“It is no secret that our economy is going through difficult times. It is also no secret that we are not alone in that exercise. The many of the phenomena that we are facing are phenomena that are apparent in many other parts of the world but that doesn’t therefore mean that government is impotent in trying to find solutions,” he said.

On Monday March 21, the Ministry of Information announced that the just-ended Cabinet retreat held between Thursday, March 17 and Sunday, March 20 has seen tough decisions approved by President Nana Addo Dankwa Akufo-Addo.

The decisions are set to be announced by the Minister of Finance later this week after meeting key social and economic stakeholders.

They are to ensure a turnaround for the economy.

Among the decisions is President Akufo-Addo approving a number of far-reaching measures aimed at mitigating the depreciation of the Cedi, ensuring expenditure discipline and providing relief in the face of global fuel price hikes and inflation as well as ensuring that priority programmes meant to grow he economy are protected, the Ministry said in a press release.

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By Laud Nartey|3news.com|Ghana