President Nana Addo Dankwa Akufo-Addo has reassured Ghanaians that the country is not in financial distress and that its economy remains resilient despite both global and domestic challenges.
In his final State of the Nation Address (SONA) delivered in Parliament on Friday, January 3, 2025, the President addressed concerns about the state of Ghana’s economy.
He emphasized that the country’s economic foundations are strong and capable of recovery, providing confidence in the nation’s ability to navigate through current difficulties.
“Ghana’s economy is rebounding strongly, our fiscal position is more stable and our debt sustainability is significantly improving. These developments have provided a solid foundation for sustained development, ensuring that the sacrifices laid by bank holders and other stakeholders will not be in vain but rather assist Ghana’s economic revival. Mr. Speaker, the country is not broke as some propagandas want us to believe.
“We are handing over the country with international reserves of almost $8 billion. This is more than the $6.2 billion of international reserves my administration inherited in 2017,” he stated.
