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Friday, November 25, 2022

Ghana: ‘Collaboration With IMF to Repair Public Finances in the Short-Run’ – President Akufo-Addo

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The President of the Republic, Nana Addo Dankwa Akufo-Addo, says all international locations world wide are working to return themselves to a state of normalcy following the devastating affect of the pandemic of COVID-19, whose results have been exacerbated by the Russian invasion of Ukraine.

In line with President Akufo-Addo, “Economies have been plunged into recessions, companies have collapsed, and lives and livelihoods have been disrupted. Meals and gas costs have escalated dramatically, as world and home inflationary pressures mount. Hopefully, sooner slightly than later, the world will make up on misplaced time.”

Swearing in 10 Ambassadors and Excessive Commissioners at Jubilee Home, on Thursday, seventh July 2022, the President acknowledged that “in our case, we’ve determined to hunt the collaboration of the Worldwide Financial Fund (IMF) to restore, within the brief run, our public funds, which have taken a extreme hit in very current instances because of this, while we proceed to work on the medium to long-term structural adjustments which are on the coronary heart of our aim of making a Ghana Past Help, that’s constructing a resilient, sturdy Ghanaian economic system.”

He was assured that “willpower, exhausting work, unity and the proverbial Ghanaian sense of enterprise, we are going to make it, we are going to succeed. Certainly, this too shall move.”

President Akufo-Addo informed the Ambassadors and Excessive Commissioners that the dual occasions of COVID-19 and the Russian invasion of Ukraine have emphasised the necessity for stronger ties of co-operation and bonds of friendship world wide.

“No nation can afford to go it alone, we both succeed collectively or we perish collectively. And that is the place your work as Ambassadors and Excessive Commissioners shall be wanted probably the most,” he added.

The President, thus, urged them to familiarise themselves with the objects of the Ghana CARES ‘Obaatampa’ Programme, which units out Ghana’s roadmap in the direction of the robust revitilisation of the Ghanaian economic system.

A part of their tasks, on the multilateral degree, President Akufo-Addo added is for them to work with the governments of their accreditation to help within the prosecution of their frequent agenda within the battle towards the scourge of armed conflicts, terrorism and violent extremism, the threats of local weather change, and the illicit stream of funds from Africa.

“While at it, you even have the onerous duty of selling the picture of a rustic whose status amongst the comity of countries continues to be excessive. You characterize a rustic that, because of the commendable conduct of the Ghanaian individuals, is considered probably the most secure on the African continent,” he mentioned.