President Akufo-Addo speaks at Cambridge<\/figcaption><\/figure>\nWith widespread unemployment prevalent amongst the youth, which, in his view, represents the greatest threat to Ghana\u2019s democracy and stability, President Akufo-Addo noted that only a performing, rapidly expanding economy that generates jobs can provide an urgent solution.<\/p>\n
To this end, in the short space of 10 months since his government took office, President Akufo-Addo noted that the country\u2019s macro-economy has been stabilising.<\/p>\n
\u201cThe fiscal deficit, which stood at 9.5% at the end of 2016, has been reduced to 6.3%. Inflation, within the same period, has declined from 15.4% to 11.6%. Our economy has grown from 3.3% last year, the lowest in 22 years, to 7.9%. Interest rates are declining, and we are now witnessing a more stable cedi, our national currency. We are creating a business-friendly environment that should encourage significant investments in the development of our economy,\u201d<\/em> he said.<\/p>\nThe President indicated also that the determination of Ghanaians to build their democracy is further anchored in their deep-seated belief in the concept of the separation of powers as an active principle for the promotion of freedom and accountable governance, free of corruption.<\/p>\n
Democracy is working for us<\/strong><\/p>\nPresident Akufo-Addo told the gathering that Ghanaians have agreed on a multi-party constitutional democracy, and a guarantee of individual<\/p>\n<\/p><\/div>\n