SONA 2021: Akufo-Addo boasts of robust economy despite COVID-19 outbreak
President Nana Addo Dankwa Akufo-Addo has attributed the country’s strong growth in the last quarter of 2019 to the various flagship intervention programmes carried out by his government.
According to him, the flagship projects embarked by his administration developed the economy even at the outbreak of the novel coronavirus disease (COVID-19) which brought many developed countries’ economy to its knees.
Addressing the nation on his last State of the Nation’s Address to the seventh Parliament on Tuesday, January 5, 2020, President Akufo-Addo said at the end of 2019, Ghana’s economic growth was in response to the implementation of flagship programmes among others.
“At the end of 2019, the economy was characterized by strong growth in response to the implementation of government flagship programmes, single-digit inflation, the reduced fiscal deficit with three consecutive years of primary surpluses.”
He also highlighted “relatively stable exchange rate, significant improvement in the current account with three consecutive years of trade surpluses, strong foreign exchange reserve buffers and market reduced landing rates” as contributors to the robust economy witnessed.
Meanwhile, the National Democratic Congress (NDC) has said the country is at its worse after it handed a viable economy to the Akufo-Addo-led administration.
However, Vice President Dr Mahamudu Bawumia argued that the NPP administration has chalked many successes than any government in the history of Ghana.