Finance

‘Ghana is not broke’ – Akufo-Addo insists

President Nana Addo Dankwa Akufo-Addo has strongly refuted claims that Ghana is currently battling financial crisis.

Speaking during his final State of the Nation Address (SONA) in Parliament on January 3, 2024, Akufo-Addo emphatically stated that Ghana is not broke, contrary to the popular speculation.

He attributed the claims of the country’s alleged indebtedness to propagandists aiming to mislead the public.

“Mr. Speaker, the country is not broke, as some propagandists want us to believe. We are handing over a country with gross international reserves of almost $8 billion. This is more than the $6.2 billion in gross international reserves my administration inherited in 2017,” he declared.

As the President spoke, members of the opposition began making noise in the Parliament chamber, expressing disagreement with his statement.

Speaker of Parliament Alban Bagbin then interjected, stating, “Your statistics may differ, but that doesn’t mean he is misleading the House.”

Akufo-Addo responded, “The noise will not shutter the statistics and I intend to put the statistics on the record of hindsight no matter the amount of noise,” he said.

The State of the Nation Address (SONA), as mandated by Article 67 of the 1992 Constitution, provides the outgoing President with the opportunity to report on the nation’s status before leaving office.

This event also marks the final session of the 8th Parliament of the 4th Republic, which is set to be dissolved on Monday, January 6, 2025.

 

Source: www.ghanaweb.com

Ogyem Solomon

Solomon Ogyem – Media Entrepreneur | Journalist | Brand Ambassador Solomon Ogyem is a dynamic Ghanaian journalist and media entrepreneur currently based in South Africa. With a solid foundation in journalism, Solomon is a graduate of the OTEC School of Journalism and Communication Studies in Ghana and Oxbridge Academy in South Africa. He began his career as a reporter at OTEC 102.9 MHz in Kumasi, where he honed his skills in news reporting, community storytelling, and radio broadcasting. His passion for storytelling and dedication to the media industry led him to establish Press MltiMedia Company in South Africa—a growing platform committed to authentic African narratives and multimedia journalism. Solomon is the founder and owner of Thepressradio.com, a news portal focused on delivering credible, timely, and engaging stories across Ghana and Africa. He also owns Press Global Tickets, a service-driven venture in the travel and logistics space, providing reliable ticketing services. He previously owned two notable websites—Ghanaweb.mobi and ShowbizAfrica.net—both of which contributed to entertainment and socio-political discussions within Ghana’s digital space. With a diverse background in media, digital journalism, and business, Solomon Ogyem is dedicated to telling impactful African stories, empowering youth through media, and building cross-continental media partnerships.

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