President Nana Akufo-Addo has told Ghanaians to count their blessings despite the economic difficulties they may be going through.
Speaking at the 66th Independence Day anniversary in Ho, Volta Region on Monday, 6 March 2023, the president said: “Fellow Ghanaians, I am very much aware of the current difficulties confronting our nation, and we are working hard to resolve them. But, maybe, we should also count our blessings in how, together, we are managing the difficulties. We all see the images around the world”.
“Here in Ghana, we have not had any fuel queues, we have not suffered shortages of food and essential items, or the catastrophe of dumsor”, he said.
“Undoubtedly, major global developments have had a negative impact on our domestic economic performance”, he said.
Contrasting Ghana’s situation to other countries in the world, the president noted: “We have witnessed historic highs in global inflation and food prices; rising global interest rates triggered by tightening of monetary policy of central banks across several advanced economies to tame rising inflation; an energy crisis with crude oil prices reaching unprecedented highs, at one point, above one hundred and twenty dollars (US$120) per barrel; the strengthening of the US dollar against all other currencies; the tightening of global financing conditions especially for emerging markets and developing economies; and the large-scale disruption of the global supply chain”.
“These phenomena have manifested in Ghana in the form of the depreciation of our currency, the decline in gross international reserves, high inflation, elevated debt burden, significant fiscal stress, constrained domestic and external financing, and reduced GDP growth. It is these that have brought hardships upon our people”, he explained.
He said the government has “deployed a number of fiscal interventions to help bring relief to Ghanaians, and, I am confident that, sooner rather than later, we will see significant results of relief and recovery”.
“In two days, on Wednesday, 8th March, I will, in the Chamber of Parliament, deliver a Message on the State of the Nation, where I will delve into much greater detail the entirety of the package of policies Government is implementing to bring back the days of rapid growth”, he added.
Address By The President Of The Republic, Nana Addo Dankwa Akufo-Addo, At The 66th Independence Day Celebration, At The Adaklu Sports Stadium, Volta Region, On Monday, 6th March 2022- “Our Unity, Our Strength, Our Purpose”
I must, first of all, welcome our Special Guest of Honour, the President of the Republic of Guinea-Bissau and current Chair of the Authority of Heads of State and Government of the Economic Community of West African States (ECOWAS), His Excellency Umaro Sissoco Embaló, and members of his delegation to Ho, capital of the Volta Region, and to Adaklu, the venue for this ceremony. Senhor Presidente, você é bem-vindo ao Gana.
Ghana is proud of the strong ties of co-operation and friendship that exist between our two countries, and I am also happy that President Embaló succeeded me as Chairperson of the Authority of Heads of State and Government of ECOWAS. It is my hope that our two nations will continue to work together to build a sustainable future of progress and prosperity for our respective countries and populations, and to maintain healthy relations between our two nations.
Your Excellency, we are very glad that you accepted our invitation to share this special day with us. Even though you have been to our country on many occasions, your stay has largely been in Accra, our nation’s capital. Today, you are in Adaklu and, I dare say, in one of the most beautiful, and most serene parts of our country, and you are amongst a people who pride themselves on their sense of hospitality. I hope that, by the end of the visit, you will agree with this claim.
Today, we celebrate the anniversary of the day we achieved the enviable status of becoming the first country in sub-saharan Africa to be free of colonial rule, and, with this, came the weighty obligation to serve permanently as a barometer of the continent's progress.
Ladies and gentlemen, in choosing to celebrate this year’s Independence Day in the Volta Region, I hope it affords all of us the opportunity to enjoy the beauty and breathtaking scenery that abounds here. This is the Region that has the highest mountain in Ghana, and other spectacular peaks from which to gaze at the surrounding splendour. This is the Region that has marvellous waterfalls and naturally occurring landscapes and historic monuments on its coast. It is the Region of spellbinding and beautiful music and intricate dances. It is the Region with interesting cuisine. It is a tourism destination without compare. I urge you all to explore its unique attractions.
In conclusion, fellow Ghanaians, I want to assure you that my devotion to the Ghana Project is unwavering. The enemy we face is not each other. We can only win this battle if we stick together, and pull in the same direction, regardless of our divergent viewpoints. I am confident that we are on the right path, and I ask for your support so that we can continue the transformation of Ghana in peace.
Once again, on behalf of all of us, I thank President Embalo and his entourage for coming to join us on our special day.
Happy 66th Independence Anniversary Celebration to us all, and may God Almighty bless us all, and our homeland Ghana, and make her great and strong.
I thank you for your attention.