The president of the Republic of Ghana, His excellency Nana Addo Dankwa Akufo Addo at 8pm today will address the nation on the measures to stabilise and grow the economy. In this article, we outline three important topics to expect in the address.
1. The depreciation of the Ghana cedi. The country is sinking into hyper inflation due to the massive depreciation of the Ghana cedis for the past two months. The cedi currently stand roughly around ¢13.50 per dollar, reaching an all time high at 15.40 per dollar last week. The president will likely speak about the measures in place that seek to improve the cedi as we have seen in the few days.
2. The president will likely update Ghanaians on the state of the IMF deal and when the deal will likely materialize to stabilise the economy. This comes after broad consultations with key stakeholders of the economy the finance minister and the economic management team.
3. Last but not least, the president will likely react to the address of the former president John Dramani Mahama on Thursday and his suggestions to get the economy back on track.
The president is set to address the nation at exactly 8pm, don’t forget to watch as it will be streamed on all major platforms.
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