President Akufo-Addo is calling for a collaborative effort to deal with what he says are difficulties facing the Ghanaian economy.
Nana Akufo-Addo says support from the citizenry and all stakeholders will go a long way to deal with the economic challenges affecting the country.
Speaking at a meeting with officials from FBNBank at the Jubilee House, Nana Akufo-Addo, while stressing that the government is working to mitigate the plight of Ghanaians, suggested, that the prevailing situation was driven by external factors that have also negatively affected other economies of the world.
“The difficulties that all of us are going through now are nothing that we have to re-emphasize and reiterate. It is obvious, and the source of it is also something that all of us know. It has been different impacts on different economies and countries but the root causes of it are well known. They are matters that we have to also resolve together. I believe that at the end of the day, it is this cooperation across borders in our regions that will give us the strongest base in which to deal with the problems that have emerged in these last two years,” he said.
The COVID-19 pandemic and the recent Russia-Ukraine war has created challenges to many economies.
The prices of fuel products have recently shot up across the world owing to the war.
In Ghana, the fuel price hikes have led to a corresponding increase in the prices of general goods and services, sparking serious inflation concerns.
FBNBank Ghana is a member of the First Bank of Nigeria Limited Group which is renowned for its great customer service and general stakeholder engagement garnered over its 127 years of operation. FBNBank Ghana has 21 branches and two agencies across the country with almost 500 staff.
FBNBank offers universal banking services to individuals and businesses in Ghana.
