Global business communities realize Ghana’s economy is recovering – Akufo-Addo

President Nana Addo Dankwa Akufo-Addo has said that the global business community is realizing that the Ghanaian economy is recovering to its pre-COVID-19 levels.

He made this comment after commissioning the ¢175.4 million state-of-the-art plant of Nestlé Ghana, located in Tema, on Wednesday, 8th June 2022.

The plant is manufacturing infant cereals for the domestic market, as well as for markets in other countries in Central and West Africa.

Mr. Akufo-Addo in a Facebook post after the event said “This investment by a major multinational company does not only underscore the confidence that Nestlé and its shareholders have in the Ghanaian economy, but it is also a signal to the global business community that the Ghanaian economy is recovering to its pre-COVID-19 levels.”

Mr. Akufo-Addo has over the past months recounted how the Covid pandemic has devastated the Ghanaian economy just as other economies globally.

He however said recently that the recovery programs instituted but his government was credible and yielded results.

“In Ghana, the recovery program we have is very credible and that is what is going to give us the opportunity to come out of this period a stronger economy, and it is that future we are looking at,” he said.

He also touted the economic progress of the oil-producing West African nation when speaking in an interview with the BBC on Monday, April 4 but when his attention was drawn to the woes of the local currency, he said “I don’t know the economy in the world that is doing well.

“The Cedi has begun to firm up. The world is going through a difficult [moment], Ghana is no exception, and Nigeria is no exception. There is no country in the world that is escaping the ravages of Covid-19 and also the impact of the [Russia-Ukraine conflict].”