President Nana Addo Dankwa Akufo-Addo has said despite the weak economy he has inherited from former President John Dramani Mahama and the erstwhile National Democratic Congress (NDC) government, he will work to fix it as he was not elected to complain.
Delivering his maiden State of the Nation address in parliament on Tuesday 21 February, Mr Akufo-Addo painted a gloomy image of the state of the nation. According to him “the reality of the state of Ghana’s public finances today is quite stark”.
He noted that the persistent resort to borrowing for any additional expenditure to meet the aspirations of Ghanaians was not sustainable, adding: “We cannot continue this way with our public finances.”
Mr Akufo-Addo stated that Ghana’s banking sector had not escaped the economic decline and had become increasingly fragile, noting that bad loans in the banking sector had risen significantly.
He said his government would implement some tough, prudent and innovative policies to “get out of this financial cul-de sac”.
Despite the myriad difficulties he claimed the country faced, Mr Akufo-Addo gave the assurance he would fix the economy.
“I was not elected by the overwhelming majority of the Ghanaian people to complain. I was elected to get things done. I was elected to fix what is broken and my government and I are determined to do just that,” he assured.
Source: Ghana/AccraFM.com
