President Akufo-Addo: Ghana’s economy recovering from coronavirus than anticipated

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Coronavirus

President Nana Addo Dankwa Akufo-Addo has said the Ghanaian economy has begun to recover faster from the novel Coronavirus than “initially anticipated”.

This, President Akufo-Addo indicated, is according to the Bank of Ghana’s assessment on Ghana’s economy.

President Akufo-Addo, delivering his 18th address to the nation on Sunday, October 18, stated that “consumer confidence is bouncing back strongly, and is today above pre-lockdown levels”.

“Business confidence has also increased, reflecting the improving macroeconomic conditions, stability in the exchange rate, lower input prices, moderation in lending rates, and positive industry prospects.

“Consumer spending, industrial consumption of electricity and construction activities have all reached pre-lockdown levels, whilst tourist arrivals and port harbour activity are gradually edging upwards,” Akufo-Addo noted.

However, President Akufo-Addo urged Ghanaians to continue to comply with the strict hygiene, mask-wearing and social distancing protocols that have become part.

“This is the surest way by which we can defeat the virus, and avoid a second wave of infections,” he observed.

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