President Akufo-Addo has stated that Ghana is not the only country facing challenges as many other countries across the globe are going through same.

According to him, the country is dealing with challenges brought forth by the coronavirus pandemic.

“Our nation, and indeed every country on the face of the planet, is going through challenges brought forth largely by Covid-19,” he said.

“Ghana is not the only country faced with extraordinary increases in global freight rates, stringent inflationary pressures, dramatically rising fuel prices, unprecedented volatility in stock markets, and tighter global financing conditions. These are global phenomena.”

President Akufo-Addo made the observation on Saturday, March 19 when he joined past and current students of St. Augustine’s College to mark the school’s 92nd Speech and Prize-giving Day.

He, however, gave the greatest assurances yet that Ghana will be out of the woods sooner than later with the implementation of the Ghana Coronavirus Alleviation and Revitalisation of Enterprises Support (CARES) Programme.

“I am certain that sooner rather than later, our economy, through the implementation of the government’s ¢100 billion Ghana CARES Obaatanpa programme, would rebound from the ravages of the pandemic, bringing in its wake stability, development, progress, and prosperity for all Ghanaians.”