<\/p>\n
President Nana Addo Dankwa Akufo-Addo says he is much aware of the difficulties Ghanaians are facing in the face of the current economic challenges.<\/p>\n
Nana Akufo-Addo says government is working to mitigate the plight of the citizenry.<\/p>\n
\u201cI have seen the difficulties that our currency has been having. I have seen the difficulties and dramatic rise of price levels, significant rise in the cost of living and difficulties generally, in the manner the economy is rising\u201d, he said.<\/p>\n
Speaking to journalists at the Jubilee House, Nana Akufo-Addo said he will need the support of all.<\/p>\n
\u201cWe have to understand that, all sectors and actors of the economy either on the side of management, labour and workers have to find a way of balancing the various considerations so that we can all progress and continue hopefully in building a stronger economy.\u201d<\/p>\n
Ghana\u2019s economic indicators keep worsening.<\/p>\n
The 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
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