President Akufo-Addo, has revealed that the government has decided to seek collaboration with the International Monetary Fund (IMF) to repair the public finances of the country.

According to him, government, like economies globally, is working to return the country to a state of normalcy following the devastating impact of the pandemic of COVID-19, whose effects have been exacerbated by the Russian invasion of Ukraine. He indicated that economies have been “plunged into recessions, businesses have collapsed, and lives and livelihoods” have been disrupted.

“Food and fuel prices have escalated dramatically, as global and domestic inflationary pressures mount. Hopefully, sooner rather than later, the world will make up on lost time. In our case, we have decided to seek the collaboration of the International Monetary Fund (IMF) to repair, in the short run, our public finances, which have taken a severe hit in very recent times as a result, whilst we continue to work on the medium to long-term structural changes that are at the heart of our goal of creating a Ghana Beyond Aid, that is building a resilient, robust Ghanaian economy.”
President Akufo-Addo

Swearing in 10 Ambassadors and High Commissioners at the Jubilee House, President Akufo-Addo highlighted that with determination, hard work, unity and the “proverbial Ghanaian sense of enterprise”, government will succeed in ensuring the country moves from its present economic state.

Swearing in of ambassadors and high commissioners

Addressing the Ambassadors and High Commissioners, President Akufo-Addo emphasized that the twin events of COVID-19 and the Russian invasion of Ukraine have deepened the need for stronger ties of co-operation and bonds of friendship around the world. With this, he urged them to familiarise themselves with the objects of the Ghana CARES ‘Obaatampa’ Programme, which sets out Ghana’s roadmap towards the strong revitalisation of the Ghanaian economy.

“No country can afford to go [at] it alone, we either succeed together or we perish together. And this is where your work as Ambassadors and High Commissioners will be needed the most.”
President Akufo-Addo

The President expressed that they equally have the onerous responsibility of promoting the image of the country whose “reputation amongst the comity of nations” continues to be high. He stated that they represent the country which as a result of the commendable conduct of the Ghanaian people, is regarded as one of the most stable on the African continent.

“At your respective duty posts, you must strive to develop cordial working relations with the professional Foreign Service officers you will find at your duty posts. They have invaluable experience and knowledge of the terrain, which should help you work effectively. You will need their assistance, and they will need your guidance and leadership.”
President Akufo-Addo

President Akufo-Addo revealed that the ambassadors and high commissioners have distinguished themselves in their various fields of endeavour and in the public service of the country. He indicated that they are “eminently fit to represent Ghana in their respective places of accreditation”, which have expressed satisfaction at their appointments.