Economy shows signs of recovery…after COVID-19 setback – President tells diplomatic corps


President Nana Addo Dankwa Akufo-Addo said the country’s economy has started to show signs of recovery from the setbacks of COVID-19.

According to the President, the comprehensive GH¢100 billion Ghana COVID-19 Alleviation and Revitalization of Enterprises Support (CARES) “Obaatanpa” program introduced by his administration to address the economic challenges caused by the pandemic has started to show results.

“I am happy to report that the Ghana CARES program is inspiring the desired dividends that we anticipated,” he said.

President Akufo-Addo made the remarks during this year’s presentation of New Year’s greetings to members of the diplomatic corps at the Peduase Lodge in the Eastern Region on Wednesday evening.

The annual New Year’s greetings, which were put on hold last year due to the COVID-19 pandemic, provide members of the diplomatic community with an opportunity to meet the president and his top officials to interact with each other.

The event aims to strengthen the bonds of friendship and promote goodwill between Ghana and other countries as well as international organizations.

Attending the ceremony were the First Lady, Rebecca Akufo-Addo, Vice President Dr. Mahamudu Bawumia, Chief of Staff, Akosua Frema Osei Opare, among other dignitaries.

President Akufo-Addo was confident that the programs and policies put in place by his administration to deal with the COVID-19 pandemic would put the country back on a path of robust and sustained economic growth.

“Overall medium-term real GDP is expected to grow by an average of 5.6%, and we remain committed to returning to the target fiscal deficit threshold as enshrined in the Fiscal Responsibility Act (Act 982) from This year.

“We will continue to promote inclusive growth, encourage investment and improve the standard of living of Ghanaians.

“It is encouraging for me and my party, the New Patriotic Party, to see that the growth rate of the economy at 5.6% in the context of the exceptionally difficult circumstances of the COVID era, is still considerably better than the 3.4% we inherited in calmer times from our predecessor’s administration,” he said.

He gave assurances that the government would continue to work to accelerate the development of the country and ensure the prosperity of its people.

On the status of the COVID-19 pandemic, the President informed the Corps that the government had managed to obtain nearly 26 million doses of vaccines.

So far, he said a total of 11 million doses of the vaccine had been administered, adding that “we will intensify our vaccination campaign to ensure that more and more Ghanaians receive the vaccine.”

“We are still committed to reaching our target of at least 20 million Ghanaians vaccinated,” he said.

The Minister of Foreign Affairs and Regional Integration, Shirley Ayorkor Botchwey and the Dean of the Diplomatic Corps, who is also Colombia’s Ambassador to Ghana, also delivered messages of solidarity at the event.

Corps members took turns exchanging pleasantries with and interacting with the president and his ministers.

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