As a response to the economic crisis, President Akufo-Addo has reduced the salaries of his appointees by 30%.
On March 22, 2022, the President made the announcement during a meeting of the Council of State members at the Jubilee House.
He added that the Finance Minister, Ken Ofori Atta, will announce new measures in the coming days as they work to get the economy back on track.
President Akufo-Ado admitted that Ghana’s economic outlook had been poor and dire, and that drastic measures were required to save it.
“On Thursday, the Minister of Finance will have a huge engagement with the nation, when he will be able to lay out clearly the measures that we have done or intend to take to correct or improve the ship of sail.”
“It’s no secret that our economy is experiencing difficulties. It’s also no secret that we’re not the only ones doing this.”
“Many of the issues we’re dealing with are common in other regions of the world, but that doesn’t imply the government is powerless to address them,” President Akufo-Addo said
