President Nana Akufo-Addo has assured Ghanaians that the country’s economy is on a strong rebound and is not in a state of bankruptcy, despite negative claims.
“The economy is rebounding strongly, our fiscal position is more stable, and our debt sustainability is significantly improved,” he said during his final State of the Nation Address (SONA) on January 3, 2025.
He added that these improvements provide a solid foundation for sustained growth, ensuring that the sacrifices made by bondholders and other stakeholders will not be in vain.
“The country is not broke, as some propagandas want us to believe,” the President emphasized.
President Akufo-Addo further revealed that Ghana is handing over the nation with gross international reserves of nearly $8 billion, an increase from the $6.2 billion in reserves his administration inherited in 2017.
“This is more than the 6.2 billion USD of international reserves my administration inherited in 2017,” he proudly noted. His speech highlighted that these improvements in the country’s fiscal health will serve as a foundation for Ghana’s revival and future growth.
The President also used his final SONA to pay tribute to Ghana’s security forces, saying, “I want to pay great homage to the security service and their ministerial leaders for the work they do every day to keep us safe.”
However, he expressed regret over the unresolved Bawku conflict, which has resulted in numerous deaths over the years. “It is a matter of great regret and distress to me personally that, despite our efforts, the Bawku conflict remains unresolved,” he lamented.
The final State of the Nation Address (SONA) was attended by several key figures, including Vice President Dr. Mahamudu Bawumia, President-elect John Dramani Mahama, former President John Agyekum Kufour, First Lady Rebecca Akufo-Addo, Second Lady Samira Bawumia, amongst others.
Also present were religious and traditional leaders, along with Chief of Staff Frema Osei-Opare and former First Lady Konadu Agyemang Rawlings.
