President Akufo-Addo admits times are hard for Ghanaians

President of the land, Nana Addo Dankwa Akufo-Addo has admitted to the fact that, times are hard for Ghanaians with respect to the current economic challenges.

Speaking to journalists at the Jubilee House, Nana Akufo-Addo said despite the hardship in the system, government is doing all it can to shape the situation to a better level.

“I have seen the difficulties that our currency has been having. I have seen the difficulties and dramatic rise of price levels, significant rise in the cost of living and difficulties generally, in the manner the economy is rising.

“We have to understand that, all sectors and actors of the economy either on the side of management, labour and workers have to find a way of balancing the various considerations so that we can all progress and continue hopefully in building a stronger economy” he said.

Meanwhile the President is expected to address the nation on Sunday, October 30, 2022, on measures taken to revive the economy.

The President will be addressing the nation through the Ghana Television Station and other social media networks.

The address follows a crunch Cabinet meeting at the Peduase Lodge in the Eastern Region, over the depreciation of the cedi against the major currencies, the IMF bailout, and soaring prices of food and other goods.

The meeting is expected to find solutions to the raging economic crises and measures to mitigate the effects.