Akufo-Addo says Ghana’s economy is back on track

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Vendors are seen at a market in Accra, Ghana, Jan. 11, 2023. (Photo by Seth/Xinhua)
Vendors are seen at a market in Accra, Ghana, Jan. 11, 2023. (Photo by Seth/Xinhua)

Ghana’s economy is rebounding following three difficult years, President Nana Addo Dankwa Akufo-Addo has said.

Ghana’s economy is rebounding following three difficult years, President Nana Addo Dankwa Akufo-Addo has said.

In his Christmas message late Monday, Akufo-Addo said Ghana has turned the corner. “Inflation is being reigned in. We are experiencing a relatively stable exchange rate, and growth in our economy is rebounding.”

“The country is not yet completely out of the woods, but there is a growing confidence that with hard work and determination, Ghana will make it,” the president said. “Collectively, we will secure our future.”

A vendor sells food at a market in Accra, capital of Ghana, March 15, 2023. (Photo by Seth/Xinhua)
A vendor sells food at a market in Accra, capital of Ghana, March 15, 2023. (Photo by Seth/Xinhua)
Akufo-Addo called on Ghanaians to exhibit their hospitality toward tourists flocking to the West African country during the festive season to boost the tourism sector for socio-economic and cultural growth.

Once a model of economic growth in Africa, Ghana has been grappling with economic crises over recent years. The government is undertaking economic reforms with a bailout package of 3 billion U.S. dollars from the International Monetary Fund.

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