President Nana Addo Dankwa Akufo-Addo has reaffirmed his administration's determination to transition from a raw material production and exporting economy to an advanced, industrialized economy.
Before COVID-19 and the horrors of the Russia-Ukraine war, in his opinion, all economic indicators were pointing toward achieving this objective.
The president expressed regret over the economy's continued colonial structure, which he claimed still had a negative impact on the nation, but expressed confidence that the nation was ready for an industrial boom.
This was stated by President Akufo-Addo on Friday, August 4, during a speech he gave to senior citizens at a banquet held in their honor to commemorate this year's Founders' Day.
Vice President Dr. Mahamudu Bawumia attended the event, which was held at the Jubilee House.