Akufo-Addo reiterates commitment to deal with ‘unacceptable depreciation of the cedi, rein in inflation

President Nana Addo Dankwa Akufo-Addo has reiterated his commitment to deal with the fall of the Cedi.

He said this is a major preoccupation of the Government.

The President made this known on Monday, 12th September 2022, when he delivered the keynote address at this year’s Bar Conference of the Ghana Bar Association.

It will be recalled that at the 22nd General Assembly of the Presbyterian Church, President Akufo-Addo noted that the approach to the IMF is a major step, in the short-run, towards the goal of bringing relief to Presbyterian Church.

“Other steps will be taken, in particular, to deal with the unacceptable depreciation of the cedi. Reining in inflation, by bringing down food prices, is a major preoccupation of the Government, and, hopefully, this season’s emerging, successful harvest will assist us in this regard. Arrangements are being made with market women, the market queens of popular parlance, to provide trucks to evacuate food stuffs from rural markets to urban centres to help reduce food prices in the cities,” the President said.

He continued, “We are encouraging companies engaged in the manufacture of inorganic fertilisers to scale-up production to reduce the impact of the high cost and unavailability of fertilisers, whist we advance rapidly our plans to establish an organic fertilizer plant in Ghana.”

In furtherance of this, the President noted that the GH¢100 billion Ghana Cares “Obaatampa” Programme, the programme for post-COVID economic recovery and revitalisation, which is being implemented, anchors bright prospects for the medium-term.

“I continue to have an abiding faith in God to help turn the fortunes of our nation around, especially with appropriate policy, determination and hard work on our part, and I urge all of you gathered here to have that same belief that the fortunes of Ghana under the Presidency of Nana Addo Dankwa Akufo-Addo will be restored,” he added.

Source: 3news