This Thursday, October 27, 2022, former president John Dramani Mahama will give a speech on the nation's present economic situation.
The National Communications Officer made this disclosure.
Sammy Gyamfi, Democratic Congress (NDC), via Twitter.
The speech would discuss "Ghana's failing economy and the enormous difficulties sweeping throughout the land," according to the party.
It will start at 7 o'clock.
The former president of Ghana only urged citizens to maintain optimism last week as the nation's economy continued to tank.
That statement was made in response to the death of a man in Kasoa, in the Central Region, who committed suicide by electrocution on a high-tension pylon.
The economic indicators for Ghana are getting worse. For instance, the value of the Ghana cedi has decreased significantly since the start of the year, by almost 50%.
According to Bloomberg, the dollar has also had the lowest performance globally when compared to a basket of 148 different currencies. The cedi is currently valued at more than GH$12.00.
Ghana's inflation rate for September 2022 is 37.2 percent, but the country's producer price inflation rate for the same period increased to 45.5 percent, placing the majority of Ghanaians in a precarious situation as their purchasing power continues to decline in the face of low wages.
In addition to rising transportation costs, food prices are high.
Workers are calling for better working conditions on the labor front. In the aftermath of these economic challenges, manufacturers are also implementing strategies to reduce operations.
The Ghanaian government and the International Monetary Fund (IMF) are currently negotiating a US$ 3 million bailout to stop the economic decline.
However, President Nana Akufo-Addo has pleaded with Ghanaians to have faith in him to turn around the faltering national economy.
The current economic situation is something Nana Akufo-Addo says he is hopeful about changing since he has maintained his faith in God.
The Ghanaian government and the International Monetary Fund (IMF) are currently negotiating a US$ 3 million bailout to stop the economic decline.
However, President Nana Akufo-Addo has pleaded with Ghanaians to have faith in him to turn around the faltering national economy.
The current economic situation is something Nana Akufo-Addo says he is hopeful about changing since he has maintained his faith in God.
As he began the final day of his three-day tour to the Eastern Region, President Nana Akufo-Addo spoke to the congregation at the St. Mark Anglican Church during the inauguration of the Kyebi Archdeaconry.
"Let's maintain our confidence in God, and let's believe that He will use me to change the course of the country. Maintain your trust in me. Continue to believe in me and understand that this will pass.