In a strong rebuttal to critics, outgoing President Nana Addo Dankwa Akufo-Addo declared that Ghana’s economy is not broke, but rather resilient and recovering strongly.
Delivering his final State of the Nation Address, Akufo-Addo acknowledged the economic challenges posed by the COVID-19 pandemic, but emphasized that his administration’s decisive actions have yielded positive results.
“The country is not broke, as some propagandists want us to believe,” Akufo-Addo stated, highlighting the government’s successful implementation of the Post-COVID-19 Programme for Economic Growth (PC-PEG), which has received approval from the IMF board.
This, he noted, has led to the disbursement of $360 million, demonstrating the international community’s confidence in Ghana’s economic prospects.
Akufo-Addo also revealed that the government is leaving behind a robust economy with gross international reserves of almost $8 billion, surpassing the $6.2 billion inherited in 2017.
This significant increase, he argued, is a testament to the effectiveness of his administration’s economic policies and the resilience of the Ghanaian people.
By setting the record straight, Akufo-Addo aimed to counter what he described as “propaganda” claims that Ghana is broke. Instead, he presented a positive narrative of economic recovery, highlighting the progress made during his tenure and expressing confidence in the country’s future prospects.