[ 2021-03-10 ]

Ghana will experience economic rebound in 2021—President Akufo-Addo
President Akufo-Addo has stated that Ghana’s
economy will see a rebound this year following the
negative impact of the COVID-19 pandemic.

The president, who delivered the State of the
Nation Address in parliament today [9th March,
2021] said the growth will exceed forecasts
suggesting that the country may experience a drop
in growth rate.


“We expect GDP growth to rebound strongly this
year to nearly 5 percent; above the IMF’s 2021
January projection of 3.2 percent for sub-Saharan
Africa for 2021,” he said.

He observed that the country’s food resilience
was severely tested in 2020 during the closure of
borders, in the midst of the pandemic.

He maintained that the policies put in place by
government in the agricultural sector help the
country to sustain its food production during the
pandemic.

“We have fared well under the circumstances,
largely as a result of the bold policies
implemented by Government since 2017, such as the
programme for Planting for Food and Jobs, Rearing
for Food and Jobs, the 1-Village-1-Dam initiative,
1-District-1-Warehouse policy, establishment of
greenhouse villages, revitalisation of the cocoa
rehabilitation programme, and the reactivation of
our aquaculture industry. I am happy to inform the
house that, during this period of the pandemic, we
have experienced no food shortages in the
country”.

Source - B&FT

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