As part of measures to rebuild the economy and return it to pre-COVID-19 levels, President Nana Addo Dankwa Akufo-Addo has approved certain substantial reliefs.
The country’s land borders will be opened, COVID-19 limitations will be eased, and steps to stop the cedi from depreciating will be implemented.
There are also steps to deal with increasing gasoline costs as a result of the global economic upheaval caused by the continuing Russia-Ukraine war, as well as measures to deal with the constant increase in the price of products and services.
The retreat of the Cabinet
The reliefs were approved during a last-minute three-day Cabinet session in Peduase, Eastern Region, over the weekend.
Lessening the load
The purpose of the retreat, according to the Minister of Information Kojo Oppong Nkrumah, was to allow the administration to propose ideas to alleviate the load on Ghanaians.
“Details will be released in the coming days,” the minister told media on the sidelines of the retreat, “including when and how the borders will be opened, the abolition of certain testing processes, shoring up the currency, and further decreasing expenditures while ensuring development.”
Details
President Akufo-Addo, Finance Minister Ken Ofori-Atta, other sector ministers, and the Bank of Ghana are anticipated to deliver information on the reliefs and which sectors may see spending reduction in the coming days.
Economic analysts are expecting the reliefs to provide answers to issues about how the government will react to current global economic problems.
