Source:Leticia Osei

President Nana Addo Dankwa Akufo-Addo has expressed confidence in Ghana’s economic recovery, asserting that the nation’s economy has outperformed initial projections.

In his final State of the Nation Address (SONA) delivered to Parliament on January 3, 2025, the President emphasized that Ghana is not in a state of financial distress and highlighted the resilience of the economy in the face of numerous challenges.

President Akufo-Addo delivering his last SONA at Parliament

He attributed the progress to strategic government actions, noting that these measures played a vital role in restoring economic stability.

Furthermore, President Akufo-Addo pointed to the successful completion of three consecutive reviews of the International Monetary Fund (IMF) programme, with the latest review approved on December 2, 2024, resulting in a disbursement of $360 million to support ongoing recovery efforts.

Reflecting on the impact of the COVID-19 pandemic, the President acknowledged the difficulties faced but underscored the nation’s strong recovery, reinforcing the government’s commitment to continuing its efforts to strengthen the economy.