President Nana Addo Dankwa Akufo-Addo and his cabinet will today, Thursday, October 27, 2022 begin a three-day retreat to deliberate on the economy as government\u2019s negotiation with the International Monetary Fund (IMF) nears completion.<\/p>\n\n\n\n
The President for the past two days engaged relevant stakeholders on how best to revive the economy<\/strong>.<\/p>\n\n\n\n Speaking at a meeting with the leadership of the Trade Union Congress (TUC), President Akufo-Addo was hopeful the retreat will yield positive outcomes.<\/p>\n\n\n\n \u201cGovernment is going on a three-day retreat to tackle this problem of the negotiation with the IMF and the making of the economic policies for the country for 2023 to present the budget for the nation to Parliament.\u201d<\/p>\n\n\n\n The free fall of the cedi, high inflation, huge debt stock, unbearable cost of living, fuel price hikes among others have come to the fore with many calling on the President to act to salvage the situation.<\/p>\n\n\n\n \u201cThe Economic Management Team is also meeting to appraise itself on some of the recommendations as we get closer to the end of the year. On Thursday, Cabinet itself will be meeting to receive what has gone through the EMT and updates from the IMF negotiation so that some decisions will be made and then update the country on the next step forward\u201d, Information Minister, Kojo Oppong Nkrumah had said.<\/p>\n\n\n\n Already, the Association of Ghana Industries (AGI) has pledged its resolve to help the government find solutions to the current economic challenges.<\/p>\n\n\n\n At a meeting at the Jubilee House, the President of the Association, Dr. Humphrey Kwesi Ayim-Darke, said \u201cwe pledge our support that together we shall resolve the intended difficulties as we so find them.\u201d<\/p>\n\n\n\n