Economy on path of recovery following critical interventions - President

After six months in office, President Nana Addo Dankwa Akufo-Addo yesterday gave account of his stewardship, saying a number of critical interventions instituted by the government had succeeded in helping the economy recover from the mess in which it was when his government took over.

The President subjected himself to intense media scrutiny at a media engagement at the Flagstaff House in Accra and answered questions bordering on security, corruption, the economy, agriculture, energy, power supply, the controversial issue of the sale of contaminated fuel by the Bulk Oil Storage and Transportation (BOST) Company Limited.

Describing the economy he inherited as one in “desperation”, he said: “Our desperate economic situation meant that we had to take some unorthodox but brave measures.”

He said there was no chance that the government, voted into office with a mandate for change, would dare do things in the business-as-usual manner.

The President said the Asempa Budget that the Minister of Finance, Mr Ken Ofori-Atta, presented in March this year had set the tone for new ways of doing things that would transform the economy.