Akufo-Addo speaks on IMF decision: “this too shall pass”

President Nana Addo Dankwa Akufo-Addo says the decision to go for a bail out from the International Monetary Fund (IMF) is “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.”

In his first comment following last week’s decision to seek IMF support, President Akufo-Addo expressed his confidence that “with determination, hard work, unity, and the proverbial Ghanaian sense of enterprise, we will make it, we will succeed.”

“Indeed, this too shall pass”, the president added.

The president was speaking at a ceremony to swear in ten newly appointed Ambassadors and High Commissioners on Thursday. He told the envoys that the twin events of COVID-19 and Russia’s invasion of Ukraine emphasise the need for stronger ties of co-operation and bonds of friendship around the world.

“No country can afford to go 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,” he added.