{"id":1236038,"date":"2022-10-27T11:15:30","date_gmt":"2022-10-27T11:15:30","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/10\/27\/nana-addo-to-address-ghanaians-on-october-30\/"},"modified":"2022-10-27T11:15:30","modified_gmt":"2022-10-27T11:15:30","slug":"nana-addo-to-address-ghanaians-on-october-30","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/10\/27\/nana-addo-to-address-ghanaians-on-october-30\/","title":{"rendered":"Nana Addo to address Ghanaians on October 30"},"content":{"rendered":"

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President Nana Addo Dankwa Akufo-Addo will on Sunday, October 30, 2022, address the nation on the current economic situation in the country.<\/p>\n

It will come off at 8:00 pm.<\/p>\n

Ghana\u2019s economic indicators keep worsening.\u00a0The Ghana cedi for instance has seen a huge depreciation as it has lost close to 50 percent of its value since the beginning of the year.<\/p>\n

Bloomberg has also rated the currency the worst-performing worldwide after considering a basket of 148 currencies worldwide.<\/p>\n

Currently, the cedi is selling at over GH\u00a212.00.<\/p>\n

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Ghana\u2019s inflation for September 2022 stands at 37.2 percent while Producer Price Inflation for the same month has risen to 45.5 percent putting majority of Ghanaians in a tight situation because their purchasing power keeps reducing amidst poor salaries.<\/p>\n

Prices of food items are high, coupled with the increasing cost of transportation.<\/p>\n

Ghanaians will soon pay more for transportation as the Ghana Private Road Transport Union (GPRTU) is set to increase fares by 19% effective Saturday, October 29, 2022, a move necessitated by the continuous soaring prices of petroleum products at the various fuel pumps.<\/p>\n

Currently, Diesel and Petrol are selling for over GH\u00a215 and GH\u00a213 respectively at major fuel pumps; a situation transport operators say is eroding their profit.<\/p>\n

Meanwhile, VIP JEOUN announced new transport fares for the travelling public effective Monday, October 24.<\/p>\n

On the labour front, workers are demanding better working conditions. Manufacturers are also adopting ways to cut down on operations in the wake of these economic difficulties.<\/p>\n

There are ongoing discussions between the government of Ghana and the International Monetary Fund (IMF) for a US$ 3 million bailout to salvage the economic downturn.<\/p>\n

Meanwhile, the President and his cabinet will today, Thursday, October 27, 2022, begin a three-day retreat to deliberate on the economy as government\u2019s negotiation with the International Monetary Fund (IMF) nears completion.<\/p>\n

The President for the past two days engaged relevant stakeholders on how best to\u00a0revive the economy<\/span><\/strong>.<\/span><\/p>\n

\u00a0<\/p>\n

\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

President Nana Addo Dankwa Akufo-Addo will on Sunday, October 30, 2022, address the nation on the current economic situation in the country. It will come off at 8:00 pm. Ghana\u2019s economic indicators keep worsening.\u00a0The Ghana cedi for instance has seen a huge depreciation as it has lost close to 50 percent of its value since […]<\/p>\n","protected":false},"author":1,"featured_media":1236040,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[187],"tags":[],"class_list":["post-1236038","post","type-post","status-publish","format-standard","has-post-thumbnail","category-politics"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1236038","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1236038"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1236038\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1236038"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1236038"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1236038"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}