The Vice President, Dr Mahamudu Bawumia has said government has started working on modalities to fix the economy.
According to him, government is hopeful to turn things around with support from the private sector.
“This is our sixth week in government but we have already started doing some things we believe are going to turn around this economy and all what we are doing is focusing on private enterprises, private investments and protecting the public purse making sure that we have value for money for what we do,” he said.
The Vice President made the comment while addressing a delegation from the US Senate at the Flagstaff House on Saturday.
Dr. Bawumia’s remark comes on the back of President Akufo-Addo’s first State of the Nation Address in Parliament last Tuesday in which he painted a gloomy picture of the country’s economy.
The President accused the previous government of “ballooning” the country’s debt stock to GHs122 billion, from GHs9.5 billion.
Dr Bawumia further told the US delegation that government is committed to turning Ghana’s fortunes around.
“So we want to basically appeal to our friends in the United States [and] the government of the United States that we need to enhance our engagement to protect what Ghana has in the sub-region and we think that greater cooperation, especially in the spheres of economy, counter-terrorism, cyber security and so on will really enhance the peace and stability not only of Ghana and West Africa but the world as a whole,” he added.
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