Akufo-Addo’s highly anticipated address has potential to rekindle the markets – Kwakye

President Nana Addo Dankwa Akufo-Addo’s planned address on the economy is highly anticipated, Director of Research at the Institute of Economic Affairs (IEA) Dr John Kwakye has said.

Dr Kwakye says the address has the potential to rekindle the markets. Therefore, it should not be disappointing.

“The President’s speech is highly anticipated. It has the potential to rekindle the markets. Therefore, let it not disappoint,” he tweeted ahead of the President’s address on Sunday October 30.

He added “In sum, the President’s speech to the nation must indicate: 1). austerity measures to address the crisis led by Gov’t; 2).a reconstitution of the Economic Management Team to include experts/professionals; and 3). a transition team, also including experts/professionals.”

Ghana has been going through economic challenges.

Accordingly, the President and other government officials have been engaging key stakeholders on how to deal with the situation.

Cabinet ended a three-day retreat on the economy on Saturday October 29.

At the meeting, Information Minister Kojo Oppong Nkrumah said, President Nana Addo Dankwa Akufo-Addo settled on key decisions aimed at responding strongly to the impact of the global economic challenges on Ghana.

“We’ve wrapped up a three day cabinet retreat during which President Akufo-Addo has settled on key decisions aimed at responding strongly to the impact of the global economic challenges on Ghana.

“This follows a week of interactions with various economic actors and inputs from the IMF negotiations so far.

“Tomorrow evening we start the exercise of rebooting as the President outlines measures.”