In a half-hour address broadcasted, Ghanaian president Nana Akufo-Addo, addressed the nation to explain the raft of measures his government will be taking to see its way out of financial turmoil, including measures to support domestic production.
Among these measures, Nana Akufo-Addo announced a 30% cut in budgeted discretionary expenditures and salaries of the President, Vice President, Ministers, Deputy Ministers, and political office holders.
The Ghanaian leader expressed that even though the country is in a crisis, it shall be into an opportunity to resolve not just the short-term, urgent problems, but the long-term structural problems that continue to bedevil its economy.
