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    Akufo-Addo approves ‘far-reaching’ measures to arrest cedi fall, fuel price hikes, soaring inflation – Oppong Nkrumah

    Cabinet has concluded its deliberations on ways to revive the economy and President Nana Akufo-Addo has taken some decisions aimed at mitigating the impact of the global economic difficulties on Ghana, Information Minister Kojo Oppong Nkrumah has announced.

    To this end, he said: “Finance Minister Ken Ofori-Atta will provide details of these measures later this week after consultations with key social and economic stakeholders”.

    “In addition to the scheduled appraisal of the performance of government programmes, Cabinet also extensively discussed the impact of global economic difficulties on Ghana and the Ghanaian people”, the statement noted.

    It added that President Nana Akufo-Addo approved “far-reaching” measures aimed at “mitigating the depreciation of the cedi, ensuring expenditure discipline and providing relief in the face of global fuel price hikes and inflation; as well as ensuring that priority programmes meant to grow the economy are protected”.

    The statement said the “government appreciates the efforts of all who contributed to a successful retreat and looks forward to the support of all Ghanaians in implementing the agreed measures.”

    Sourceclassfm

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