President Nana Addo Dankwa Akufo-Addo has said his government remains resolute in its vision to restore macroeconomic stability and promote inclusive growth.
The president said concluding the arrangements with the International Monetary Fund (IMF) will not restore the country’s fortunes overnight, but will set us on the road to recovery.
Addressing the country on the State of the Nation in Parliament on Wednesday (8 March), Akufo-Addo said “Mr Speaker, Government recognises that sustained growth must be deliberate, especially in a global landscape marked by forces of technology, trade, and intense competition. It requires a combination of leadership, social cohesion, and deep investments in core capabilities of people, firms, and institutions to harness our opportunities.
“This is why together with our private sector counterparts, we are anchoring Ghana’s medium-term growth drivers on competitiveness, integration, adaptation and digital innovation, all aimed at raising per capita GDP from the current US$2,500 to US$4,500 (aligning with the Ghana Beyond Aid Charter) by 2030.”
He added, “Mr Speaker, concluding the arrangements with the Fund will not restore our fortunes overnight, but it will set us on the road to recovery. With fiscal discipline, we will regain the trust and confidence of our business partners and the investor community, which will give us space to continue our productive plans and policies.”
“However, in addition to our engagement with the Fund, we are also seeking and implementing some original and innovative ideas to try to solve our problems,” the president added.
