President Nana Akufo-Addo has given the assurance that his government will do everything practically possible to halt the rising food prices in the country.
Speaking at the closing ceremony of the 22 General Assembly of the Presbyterian Church of Ghana at Kwahu- Abetifi in the Eastern region over the weekend, President Akufo-Addo said arrangements were being made with market women to provide trucks to evacuate food stuff from rural markets to urban centres to help reduce food prices in the cities.
Furthermore, he said his government was encouraging companies and institutions to engage in the manufacturing of inorganic fertilizers to scale up production to reduce the impact of high cost and unavailability of fertilizers as “ we advance rapidly our plan to establish an organic fertilizer plant in Ghana”.
Touching on the poor state of the economy, he said his government was determined to revive and return the economy to the path of economic growth recorded before the Covid-19 pandemic.
“The Akufo-Addo government has not thrown up its hands in despair. We are determined to bring relief to the Ghanaian people, and return the economy to the high rate of growth that characterized development in the three years preceding the COVID-19 outbreak and which made our economy one of the fastest growing in the world at the time.”
“The approach to the IMF is a major step in the short run towards that goal. Other steps will be taken in particular to deal with the unacceptable depreciation of the currency -the Cedis. Reining in inflation by bringing down food prices is a major preoccupation of the government and hopefully, this season’s emerging successful harvest will assist us in this regard,” President Akufo-Addo said..