The president, Nana Addo Dankwa Akufo-Addo will be addressing the nation on the economy Sunday, October 30, 2022.
The address is scheduled to be broadcasted on major broadcasting networks across the country at 8 pm.
This follows the economic crisis Ghana is facing currently with the cedi becoming the world’s worst-performing currency due to the steady depreciation of the cedi and the annual inflation rate hitting above 37 percent causing an excruciating standard of living for Ghanaians.
Ghanaians across the country have been lamenting over the economic hardship stressing the rapid increment of prices on commodities, fuel prices, and transportation fares.
Traders across the country on October 19, 2022, shut down their shops to protest against the economic challenges but opened after their engagement with authorities. Prior to the economic crisis, some members of the majority caucus also cautioned the president, Nana Addo Dankwa Akufo-Addo on Tuesday, October 25, 2022, to sack the Finance Minister, Ken Ofori-Atta, and the Minister of State at the Finance Ministry, Mr. Charles Adu Boahen for their poor performance in running the economy but abdicated after their engagement yesterday, October 26, 2022, with President Akufo-Addo.
Meanwhile, the government through its negotiations with the International Monetary Fund (IMF) is expecting a $3bn bailout in 2023 to hopefully curb the crisis and improve the economy.