Finance Minister, Ken Ofori-Atta, is expected to communicate key measures and reliefs sanctioned by government to recover the economy later this week, after a crunch three-day Cabinet retreat chaired by President Akufo-Addo.
A press statement issued by the Information Ministry on Monday said the measures include ones that would mitigate the current hardships in the country.
Government held a cabinet meeting over the weekend at Peduase in the Eastern Region to find solutions to the hard economic difficulties, including the persistent rise in the prices of goods and services, rising fuel prices and the growing depreciation of the cedi.
Details on some of the reliefs will include the reopening of land borders, the easing of Covid-19 restrictions, and measures to arrest the depreciating cedi.
“President Akufo-Addo approved a number of far-reaching measures aimed at mitigating the depreciation of the cedi, ensuring expenditure discipline and providing relief in the face of the global fuel price hikes and inflation as well as ensuring that priority programmes meant to grow the economy are protected.
“Government appreciates the efforts of all who contributed to a successful retreat and looks forward to the support of all Ghanaians in implementing the agreed measures,” the statement added.
In the coming days, President Akufo-Addo, Finance Minister Ken Ofori-Atta and other ministers will provide details on which sectors will experience expenditure cuts.
They are also expected to explain how the government will respond to current global economic difficulties.
Below is the Information Ministry's statement:

Latest Stories
-
Trump signs executive order extending tariff deadline to August 1
2 hours -
Midweek misery to Friday freedom: A personal journey through Ghana’s new holiday reform
2 hours -
We’re streamlining the galamsey fight, too many are running helter skelter – Mahama
2 hours -
Mahama attributes cedi stability to reforms in gold trading sector
3 hours -
Police arrest key suspect in motorbike theft ring in Accra
3 hours -
Journalists urged to drive urban health awareness through data-driven, science-based storytelling
4 hours -
KNUST Optometry 8th White Coat Ceremony tackles refractive error setbacks to improve access
4 hours -
I’m devastated – Akufo-Addo mourns Akwatia MP Ernest Kumi
4 hours -
IMF Executive Board approves $370m disbursement for Ghana
4 hours -
Castel Group acquires GGBL
4 hours -
Mr. President, your Six-Pillar 24H+ Economic Policy is shaky
4 hours -
T-bills auction: Undersubscription to continue in coming weeks; government misses June 2025 target by 19%
4 hours -
FUND24, the weakest pillar of Ghana’s 24H+ economy: APL cautions President Mahama
4 hours -
Ghana’s tourism picks up in 2024, but cost still a big issue
4 hours -
EKAJ Educational Fund partners UCC to train local artisans to improve standards
4 hours