• About
  • Advertise
  • Privacy & Policy
  • Contact
The Herald Ghana
Advertisement
  • Home
  • General
  • Entertainment
  • Politics
  • Editorial
  • Business
  • Sports
  • Feature
  • Health
  • World
No Result
View All Result
  • Home
  • General
  • Entertainment
  • Politics
  • Editorial
  • Business
  • Sports
  • Feature
  • Health
  • World
No Result
View All Result
The Herald Ghana
No Result
View All Result

Read Akufo-Addo’s key measures to tackle economic challenges

October 31, 2022
Reading Time: 3 mins read
0 0
Read Akufo-Addo’s key measures to tackle economic challenges

President Nana Addo Dankwa Akufo-Addo has announced key decisions that have been taken by his government to resolve the economic challenges facing Ghanaians.

Delivering an address to the nation on Sunday October 30, he said “The following actions have been taken thus far: 1) enhanced supervisory action by the Bank of Ghana in the forex bureau markets and the black market to flush out illegal operators, as well as ensuring that those permitted to operate legally abide by the market rules.”

“Already some forex bureaus have had their licenses revoked, and this exercise will continue until complete order is restored in the sector,” he said.

The other measures are “Fresh inflows of dollars are providing liquidity to the foreign exchange market, and addressing the pipeline demand;

RelatedPosts

Akufo-Addo fills potholes; runs from ministerial reshuffle ..Ofori-Atta shielded; Amoako Baah not impressed

Chieftaincy Minister leaves Akufo-Addo’s government

Akufo-Addo’s delayed ministerial reshuffle sparks mischief

“The Bank of Ghana has given its full commitment to the commercial banks to provide liquidity to ensure the wheels of the economy continue to run in a stabilized manner, till the IMF Programme kicks in and the financing assurances expected from other partners also come in;

“Government is working with the Bank of Ghana and the oil producing and mining companies to introduce a new legal and regulatory framework to ensure that all foreign exchange earned from operations in Ghana are, initially, paid to banks domiciled in Ghana

“The Bank of Ghana will enhance its gold purchase programme.”

Mr Akufo-Addo further assured Ghanaians that his government cares about them hence, is working hard to ameliorate the hardships they are going through presently.

He says the government is determined to restore economic stability.

He said “It is obvious, fellow Ghanaians, that you have a government that cares. We are determined to restore stability to the economy, and provide relief.

“We are all in this together, and I am asking for your support to rescue Ghana from the throes of this economic crisis.”

He further referred to a number of initiatives the government introduced to support Ghanaians

He said “No guarantor is now required to obtain student loans. The Ghanacard is sufficient; and we have implemented free TVET as well as free senior high school education.

“We expanded School Feeding from 1.6 million children to 2.1 million children; we restored teacher and nursing training allowances; we absorbed the cost of BECE and WASSCE exam registrations for parents;

“It is for this reason that over the first five (5) years in office government reduced electricity tariffs cumulatively by 10.9%, we provided free water and electricity as well as reduced tariffs for the entire population during a whole year of the COVID-19 pandemic.”

He stressed “My government has always been cognisant of the importance of implementing policies and social interventions to relieve Ghanaians of hardships.”

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
Previous Post

Okyenhene should have spoken words of comfort …not witches & villagers diatribe to gov’t critics – Opambour

Next Post

Okyehene’s distasteful comments

RelatedPosts

Akufo-Addo fills potholes; runs from ministerial reshuffle ..Ofori-Atta shielded; Amoako Baah not impressed

Akufo-Addo fills potholes; runs from ministerial reshuffle ..Ofori-Atta shielded; Amoako Baah not impressed

19 hours ago
Chieftaincy Minister leaves Akufo-Addo’s government

Chieftaincy Minister leaves Akufo-Addo’s government

5 days ago
Akufo-Addo’s delayed ministerial reshuffle sparks mischief

Akufo-Addo’s delayed ministerial reshuffle sparks mischief

7 days ago
NPP divided on date for presidential primaries.. As Akufo-Addo is also confused at reshuffle

NPP divided on date for presidential primaries.. As Akufo-Addo is also confused at reshuffle

1 week ago
The president has assumed dishonourable badge of clearing agent – Mahama on Akufo-Addo’s defence of Akonta Mining

The president has assumed dishonourable badge of clearing agent – Mahama on Akufo-Addo’s defence of Akonta Mining

4 weeks ago

Akufo-Addo accepts Trade Minster’s resignation

1 month ago
Next Post
Respect is earned – Social media users rejoin Okyehene’s “uncivilised” comments

Okyehene’s distasteful comments

Carve a niche for yourself, Dr Koku Awoonor charges St. Joseph Hospital

Carve a niche for yourself, Dr Koku Awoonor charges St. Joseph Hospital

Dr. Owusu Prempeh to contest Okaikwei North parliamentary seat for NPP

Dr. Owusu Prempeh to contest Okaikwei North parliamentary seat for NPP

Leave Comment
No Result
View All Result

Recent Posts

  • GES, Education Ministry to release academic calendar for SHS
  • Our thoughts and prayers are with Christian Atsu
  • Digital pound strengthens case for Bitcoin and crypto
  • Board of Adamus Resources Ltd, appoints new Acting Chief Executive
  • President Akufo-Addo swears in 21 new high court judges
  • About
  • Advertise
  • Privacy & Policy
  • Contact

Copyright © 2022 The Herald Ghana. All Rights Reserved

No Result
View All Result
  • Home
  • General
  • Entertainment
  • Politics
  • Editorial
  • Business
  • Sports
  • Feature
  • Health
  • World

Copyright © 2022 The Herald Ghana. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist