We’ll Overcome Challenges - Akufo-Addo

President Akufo-Addo has reassured Ghanaians of his administration’s resolve to return the economy to its pre-COVID days when it recorded high growth rates. In recent times, we have been witnessing significant difficulties in the management of the national economy, largely as a result of the impact of the COVID-19 pandemic on the

global economy, which has been exacerbated by the effects of the Russian invasion of Ukraine,” he said. According to him, “the basic commitment to resolving these challenges within the framework of due process and democratic institutions, must remain unshaken. And, I am confident that, God-willing, we will overcome these

challenges. The President disclosed this on Monday when he delivered the keynote address at this year’s conference of the Ghana Bar Association. He further expressed confidence that we will overcome our current economic challenges with the same mixture of determination, energy and appropriate policy. President

Akufo-Addo recounted how his administration came into office at the time of an ongoing IMF-supported economic programme, and was able not only to steer the country successfully out of the programme, but also to build, in the three years of his first mandate, one of the fastest growing economies in the world then, prior to the

outbreak of COVID-19, at an annual average GDP growth rate of seven per cent in 2017, 2018 and 2019. We will do so again. In fact, in the last quarter of 2021, the recovery from COVID-19 appeared to be on course, when our economy grew at seven per cent, only for the Russian invasion of Ukraine in the first quarter of this year to exacerbate our challenges. We will overcome them, he added.