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Expectations as Akufo Addo Addresses the Nation on the Economy Today

Ghana's Economic Struggles: Impact on Ordinary Ghanaians and Steps for Survival Nana Addo is Short of Ideas, Ghanaians disappointed by address on the economy Akufo Addo Address the Nation on the Economy

President Akufo Addo Addresses the Nation on the Economy Today After Several Months of Economic Hardship characterized by the frequent increase in prices of general goods and services which have been influenced by the depreciation of the cedi, fuel price hikes, and the famous Russia-Ukrain War.

The address will take place today on the economy after broad consultations with key stakeholders of the economy, the Council of State and Cabinet, Market Women, GUTA, Bankers, and the Association of Ghana Industries (AGI) at the Jubilee House to brief them about steps taken so far regarding the economy and the negotiations with the IMF.

The addresses to the nation on the economy hashtagged #HopeForGhanaEconomy will be telecast today 30th October at 8:00 PM across radio, TV, and online. Ahead of the 2016 general elections, the then Presidential candidate of the NPP, Akufo Addo promised to change the country within 18 months. Nearly 6 years on, many Ghanaians are asking if they really voted for the kind of change they are experiencing.

Ghana’s economy has been in shambles since February and current food prices have increased up to 122% which has led to the unexciting raking of Ghana 1st by the World Bank with the highest food prices in Sub-Saharan Africa in 2022.

According to the Bretton Wood institution’s October 2022 Africa Pulse Report, food prices have since January 1, 2022, gone up by 122 percent.

The Addresses Nation on the Economy is expected to provide a road map on how the managers of the ailing Ghanaian economy intend to change the narrative. What they intend to do practically to ease the heavy burden and hardship faced by Ghanaians in the last ten months.

Fuel Prices have gone up several times, the cedi has become worthless and lacks stability in the face of the dollar and other major trading currencies, high prices of food and food items, and high inflation are just a few of the issues Ghanaians want solutions to the everyday economic and livelihood problems.

It is the hope of all that practical and workable measures will be shared and implemented by the government to address recent turmoil in the Ghanaian economy.

Ahead of the address, the President has assured Ghanaians that the negotiations and subsequent agreement with the International Monetary Fund herald a positive outlook for the economy of the country.

READ: Akufo Addo to Address Ghanaians on Economy

Despite the challenges we are facing as a country, Ghanaians are looking forward to nothing but concrete results after today’s address and not expect mere rhetoric about being able to restore and bounce the economy back to life.