‘We have to work together to address current economic challenges’ – Akufo-Addo

President Akufo-Addo is calling for a collaborative effort to deal with what he says are difficulties facing the Ghanaian economy.

Nana Akufo-Addo says support from the citizenry and all stakeholders will go a long way to deal with the economic challenges affecting the country.

Speaking at a meeting with officials from FNB Bank at the Jubilee House, Nana Akufo-Addo, while stressing that the government is working to mitigate the plight of Ghanaians suggested, that the prevailing situation was driven by external factors that have also negatively affected other economies of the world.

“The difficulties that all of us are going through now are nothing that we have to reemphasize and reiterate. It is obvious, and the source of it is also something that all of us know. It has been different impacts on different economies and countries but the root causes of it are well known. They are matters that we have to also resolve together. I believe that at the end of the day, it is this cooperation across borders in our regions that will give us the strongest base in which to deal with the problems that have emerged in these last two years,” he said.

The COVID-19 pandemic and the recent Russia-Ukraine war has created challenges to many economies.

The prices of fuel products have recently shot up across the world owing to the war.

In Ghana, the fuel price hikes have led to a corresponding increase in the prices of general goods and services, sparking serious inflation concerns.