Read Akufo-Addo's key measures to tackle economic challenges | 3News.com

has announced key decisions that have been taken by his government to resolve the economic challenges facing Ghanaians.

Delivering an address to the nation on Sunday October 30, he said “The following actions have been taken thus far: 1) enhanced supervisory action by the Bank of Ghana in the forex bureau markets and the black market to flush out illegal operators, as well as ensuring that those permitted to operate legally abide by the market rules.”

“The Bank of Ghana has given its full commitment to the commercial banks to provide liquidity to ensure the wheels of the economy continue to run in a stabilized manner, till the IMF Programme kicks in and the financing assurances expected from other partners also come in;

“Government is working with the Bank of Ghana and the oil producing and mining companies to introduce a new legal and regulatory framework to ensure that all foreign exchange earned from operations in Ghana are, initially, paid to banks domiciled in Ghana

Mr Akufo-Addo further assured Ghanaians that his government cares about them hence, is working hard to ameliorate the hardships they are going through presently.

He said “It is obvious, fellow Ghanaians, that you have a government that cares

“It is for this reason that over the first five (5) years in office government reduced electricity tariffs cumulatively by 10.9%, we provided free water and electricity as well as reduced tariffs for the entire population during a whole year of the COVID-19 pandemic.”