Minister of Information, Kojo Oppong Nkrumah
President Nana Addo Dankwa Akufo-Addo is said to have sanctioned some major reliefs as part of efforts to salvage the economy from its current challenges, and set it back to its pre-COVID-19 levels.
The reliefs were sanctioned during the three-day Cabinet retreat that took place over the weekend at Peduase, in the Eastern Region.
During the retreat, the President and his Cabinet ministers reviewed data on the effects of the COVID-19 on all sectors of the economy as well as “the economic blowbacks” resulting from the Russia-Ukraine conflict.
According to the Minister of Information, Kojo Oppong Nkrumah, the reliefs include opening of the country’s land borders, easing of general COVID-19 restrictions as well as measures to arrest currency depreciation.
Part of these reliefs are also said to be measures to tackle the rising fuel prices, which have been occasioned by the global economic turmoil brought on by the ongoing Russia-Ukraine conflict, and measures to address the persistent rise in prices of goods and services.
The Minister of Information, Kojo Oppong Nkrumah, in a tweet last Thursday, ahead of the retreat, disclosed that the essence of the retreat was to enable government proffer solutions to ease the current economic burden on Ghanaians.
“In the coming days, details will be announced, including when and how borders will be opened, the removal of some testing protocols, shoring up the currency and further cutting expenditures while assuring growth,” the Information Minister told journalist on the sides of the retreat.
It is expected that President Nana Addo Dankwa Akufo-Addo, Finance Minister Ken Ofori-Atta and other sector ministers, as well as the Bank of Ghana, in the coming days, will provide details on the reliefs.
According to the Information Minister, “the reliefs are also expected to answer questions being posed by economic watchers on how the Government of Ghana will respond to the current global economic challenges”.
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