{"id":253749,"date":"2024-11-21T06:46:15","date_gmt":"2024-11-21T06:46:15","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/11\/21\/akufo-addo-hails-ghanas-economy-recovery\/"},"modified":"2024-11-21T06:46:15","modified_gmt":"2024-11-21T06:46:15","slug":"akufo-addo-hails-ghanas-economy-recovery","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/11\/21\/akufo-addo-hails-ghanas-economy-recovery\/","title":{"rendered":"Akufo-Addo Hails Ghana\u2019s Economy Recovery"},"content":{"rendered":"<p><\/p>\n<div>\n<p>\u00a0<\/p>\n<p>In a significant boost to Ghana\u2019s economic prospects, President Nana Addo Dankwa Akufo-Addo has announced promising data indicating the country\u2019s economy is charting a course of recovery and resilience.<\/p>\n<p>Speaking at the commissioning of the Bank of Ghana\u2019s new headquarters, The Bank Square, President Akufo-Addo shared compelling economic data highlighting progress made under his administration. Ghana\u2019s provisional GDP growth reached 6.9% in the second quarter of 2024, driven by robust performances across construction, industry, agriculture, consumer demand, and tourism.<\/p>\n<p>This impressive growth follows a period of economic challenges, including a 54.1% inflation rate in 2022.<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-medium wp-image-453506\" src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2024\/11\/IMG-20241120-WA0026-300x191.jpg\" alt=\"\" width=\"300\" height=\"191\"  \/><\/p>\n<p>However, thanks to effective monetary policies implemented by the Bank of Ghana, inflation has dropped to 22.1% as of October 2024.<\/p>\n<p><strong>Background<\/strong><\/p>\n<p>Ghana\u2019s economy faced significant headwinds in recent years, including the COVID-19 pandemic and global economic uncertainty.<\/p>\n<p>In 2022, the country\u2019s inflation rate soared, and economic growth slowed.<br \/>However, under President Akufo-Addo\u2019s leadership, the government implemented a series of reforms aimed at stabilizing the economy.<\/p>\n<p><strong>President Akufo-Addo\u2019s Remarks<\/strong><\/p>\n<p>\u201cThese achievements reflect the Bank\u2019s unalloyed commitment to sound monetary and financial policies,\u201d President Akufo-Addo stated.<\/p>\n<p>\u201cThe downward trend in inflation, coupled with reducing prices of food and petroleum products, signals a brighter economic future.\u201d<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-medium wp-image-453507\" src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2024\/11\/IMG-20241120-WA0028-219x300.jpg\" alt=\"\" width=\"219\" height=\"300\"  \/><\/p>\n<p>The President emphasized the broader impact of these gains, including improved confidence among investors and enhanced opportunities for domestic and international stakeholders.<\/p>\n<p><strong>The Bank Square: A Symbol of Economic Progress<\/strong><\/p>\n<p>The commissioning of The Bank Square marks a significant milestone in Ghana\u2019s economic journey.<\/p>\n<p>The new headquarters is expected to strengthen the Bank of Ghana\u2019s capacity to advance reforms, enhance financial stability, and contribute to a prosperous future.<\/p>\n<p>\u201cThis recovery is not merely statistical; it is felt in the improved lives of Ghanaians,\u201d President Akufo-Addo affirmed, concluding his remarks with a call to action to continue the collective effort to build an economy that leaves no one behind.<\/p>\n<p><strong>BY Daniel Bampoe<\/strong><\/p>\n<p><!-- CONTENT END 2 -->\n\t<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0 In a significant boost to Ghana\u2019s economic prospects, President Nana Addo Dankwa Akufo-Addo has announced promising data indicating the country\u2019s economy is charting a course of recovery and resilience. Speaking at the commissioning of the Bank of Ghana\u2019s new headquarters, The Bank Square, President Akufo-Addo shared compelling economic data highlighting progress made under his [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":253750,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-253749","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Akufo-Addo Hails Ghana\u2019s Economy Recovery - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/11\/21\/akufo-addo-hails-ghanas-economy-recovery\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Akufo-Addo Hails Ghana\u2019s Economy Recovery - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"\u00a0 In a significant boost to Ghana\u2019s economic prospects, President Nana Addo Dankwa Akufo-Addo has announced promising data indicating the country\u2019s economy is charting a course of recovery and resilience. Speaking at the commissioning of the Bank of Ghana\u2019s new headquarters, The Bank Square, President Akufo-Addo shared compelling economic data highlighting progress made under his [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ghanamma.com\/2024\/11\/21\/akufo-addo-hails-ghanas-economy-recovery\/\" \/>\n<meta property=\"og:site_name\" content=\"Ghanamma.com\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-21T06:46:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/11\/IMG-20241120-WA0027.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"656\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ghana News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ghana News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/11\\\/21\\\/akufo-addo-hails-ghanas-economy-recovery\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/11\\\/21\\\/akufo-addo-hails-ghanas-economy-recovery\\\/\"},\"author\":{\"name\":\"Ghana News\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#\\\/schema\\\/person\\\/c70749f3edfbfcd92d45e933f0fe10b5\"},\"headline\":\"Akufo-Addo Hails Ghana\u2019s Economy Recovery\",\"datePublished\":\"2024-11-21T06:46:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/11\\\/21\\\/akufo-addo-hails-ghanas-economy-recovery\\\/\"},\"wordCount\":320,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/11\\\/21\\\/akufo-addo-hails-ghanas-economy-recovery\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/IMG-20241120-WA0027.jpg\",\"articleSection\":[\"Local News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/11\\\/21\\\/akufo-addo-hails-ghanas-economy-recovery\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/11\\\/21\\\/akufo-addo-hails-ghanas-economy-recovery\\\/\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/11\\\/21\\\/akufo-addo-hails-ghanas-economy-recovery\\\/\",\"name\":\"Akufo-Addo Hails Ghana\u2019s Economy Recovery - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/11\\\/21\\\/akufo-addo-hails-ghanas-economy-recovery\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/11\\\/21\\\/akufo-addo-hails-ghanas-economy-recovery\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/IMG-20241120-WA0027.jpg\",\"datePublished\":\"2024-11-21T06:46:15+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#\\\/schema\\\/person\\\/c70749f3edfbfcd92d45e933f0fe10b5\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/11\\\/21\\\/akufo-addo-hails-ghanas-economy-recovery\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/11\\\/21\\\/akufo-addo-hails-ghanas-economy-recovery\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/11\\\/21\\\/akufo-addo-hails-ghanas-economy-recovery\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/IMG-20241120-WA0027.jpg\",\"contentUrl\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/IMG-20241120-WA0027.jpg\",\"width\":1024,\"height\":656},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/11\\\/21\\\/akufo-addo-hails-ghanas-economy-recovery\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Akufo-Addo Hails Ghana\u2019s Economy Recovery\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#website\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/\",\"name\":\"Ghanamma.com\",\"description\":\"Ghana mma provides breaking news, top stories in Ghana, Africa, business, entertainment, politics and more.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#\\\/schema\\\/person\\\/c70749f3edfbfcd92d45e933f0fe10b5\",\"name\":\"Ghana News\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"caption\":\"Ghana News\"},\"sameAs\":[\"https:\\\/\\\/www.ghanamma.com\\\/2024\"],\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/author\\\/ghanamma\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Akufo-Addo Hails Ghana\u2019s Economy Recovery - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2024\/11\/21\/akufo-addo-hails-ghanas-economy-recovery\/","og_locale":"en_US","og_type":"article","og_title":"Akufo-Addo Hails Ghana\u2019s Economy Recovery - Ghanamma.com","og_description":"\u00a0 In a significant boost to Ghana\u2019s economic prospects, President Nana Addo Dankwa Akufo-Addo has announced promising data indicating the country\u2019s economy is charting a course of recovery and resilience. Speaking at the commissioning of the Bank of Ghana\u2019s new headquarters, The Bank Square, President Akufo-Addo shared compelling economic data highlighting progress made under his [&hellip;]","og_url":"https:\/\/www.ghanamma.com\/2024\/11\/21\/akufo-addo-hails-ghanas-economy-recovery\/","og_site_name":"Ghanamma.com","article_published_time":"2024-11-21T06:46:15+00:00","og_image":[{"width":1024,"height":656,"url":"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/11\/IMG-20241120-WA0027.jpg","type":"image\/jpeg"}],"author":"Ghana News","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Ghana News","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.ghanamma.com\/2024\/11\/21\/akufo-addo-hails-ghanas-economy-recovery\/#article","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2024\/11\/21\/akufo-addo-hails-ghanas-economy-recovery\/"},"author":{"name":"Ghana News","@id":"https:\/\/www.ghanamma.com\/2024\/#\/schema\/person\/c70749f3edfbfcd92d45e933f0fe10b5"},"headline":"Akufo-Addo Hails Ghana\u2019s Economy Recovery","datePublished":"2024-11-21T06:46:15+00:00","mainEntityOfPage":{"@id":"https:\/\/www.ghanamma.com\/2024\/11\/21\/akufo-addo-hails-ghanas-economy-recovery\/"},"wordCount":320,"commentCount":0,"image":{"@id":"https:\/\/www.ghanamma.com\/2024\/11\/21\/akufo-addo-hails-ghanas-economy-recovery\/#primaryimage"},"thumbnailUrl":"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/11\/IMG-20241120-WA0027.jpg","articleSection":["Local News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.ghanamma.com\/2024\/11\/21\/akufo-addo-hails-ghanas-economy-recovery\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.ghanamma.com\/2024\/11\/21\/akufo-addo-hails-ghanas-economy-recovery\/","url":"https:\/\/www.ghanamma.com\/2024\/11\/21\/akufo-addo-hails-ghanas-economy-recovery\/","name":"Akufo-Addo Hails Ghana\u2019s Economy Recovery - Ghanamma.com","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2024\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.ghanamma.com\/2024\/11\/21\/akufo-addo-hails-ghanas-economy-recovery\/#primaryimage"},"image":{"@id":"https:\/\/www.ghanamma.com\/2024\/11\/21\/akufo-addo-hails-ghanas-economy-recovery\/#primaryimage"},"thumbnailUrl":"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/11\/IMG-20241120-WA0027.jpg","datePublished":"2024-11-21T06:46:15+00:00","author":{"@id":"https:\/\/www.ghanamma.com\/2024\/#\/schema\/person\/c70749f3edfbfcd92d45e933f0fe10b5"},"breadcrumb":{"@id":"https:\/\/www.ghanamma.com\/2024\/11\/21\/akufo-addo-hails-ghanas-economy-recovery\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ghanamma.com\/2024\/11\/21\/akufo-addo-hails-ghanas-economy-recovery\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ghanamma.com\/2024\/11\/21\/akufo-addo-hails-ghanas-economy-recovery\/#primaryimage","url":"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/11\/IMG-20241120-WA0027.jpg","contentUrl":"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/11\/IMG-20241120-WA0027.jpg","width":1024,"height":656},{"@type":"BreadcrumbList","@id":"https:\/\/www.ghanamma.com\/2024\/11\/21\/akufo-addo-hails-ghanas-economy-recovery\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.ghanamma.com\/2024\/"},{"@type":"ListItem","position":2,"name":"Akufo-Addo Hails Ghana\u2019s Economy Recovery"}]},{"@type":"WebSite","@id":"https:\/\/www.ghanamma.com\/2024\/#website","url":"https:\/\/www.ghanamma.com\/2024\/","name":"Ghanamma.com","description":"Ghana mma provides breaking news, top stories in Ghana, Africa, business, entertainment, politics and more.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ghanamma.com\/2024\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.ghanamma.com\/2024\/#\/schema\/person\/c70749f3edfbfcd92d45e933f0fe10b5","name":"Ghana News","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","caption":"Ghana News"},"sameAs":["https:\/\/www.ghanamma.com\/2024"],"url":"https:\/\/www.ghanamma.com\/2024\/author\/ghanamma\/"}]}},"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/posts\/253749","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/comments?post=253749"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/posts\/253749\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/media\/253750"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/media?parent=253749"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/categories?post=253749"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/tags?post=253749"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}