President Akufo-Addo assured that the government will continue to work hard to overcome the economic challenges currently plaguing the country.
According to the president, his administration is doing a lot to revive the economy through the 100 billion cedis “Ghana Cares Obaatanpa” program.
Talking at 90and Speech and awards presentation from St. Augustine’s College in Cape Coast on Saturday, the President said that although the economic crisis caused by the COVID-19 pandemic is a global phenomenon, the 100 billion cedi program will bring revival, stability , development and prosperity for all Ghanaians.
He said, “Our nation, and indeed every country on the planet, is going through challenges brought about in large part by COVID-19. Ghana is not alone in facing extraordinary increases in global freight rates, severe inflationary pressures, dramatically rising fuel prices, unprecedented stock market volatility and global financing conditions. more stringent. These are global phenomena.
He however indicated that despite the challenges, the government is working hard to solve the problems.
“And I am certain that sooner rather than later our economy, through the implementation of the government’s 100 billion cedi Ghana Cares Obaatanpa programme, would rebound from the ravages of the pandemic, bringing in its wake stability, development, progress and prosperity for all Ghanaians,” he said.
The president noted that the economy recorded interim growth of 5.2% in the first three quarters of 2021, with GDP growth in 2021 projected at 5.6% compared to 0.4% in 2020.
According to him, there is an urgent need to undertake the difficult but necessary fiscal and other measures that would enable the country to maintain the growth rates of 2021 and beyond in the years to come in order to develop and strengthen the economy and help improve standard of living. people.
President Akufo-Addo said that among the key interventions to develop the country and set it apart from greatness are pushing more resources into the TVET sector and a 60-40 science-humanity quota in the country’s high schools. This, he said, would free up more space for science education and help industrialize the country.
“The strategy is to expand technical and vocational opportunities at secondary and tertiary levels and thereby strengthen the links between education and industry, as well as to empower young people to deploy their skills for self-employment. same and others.”
He said that enough rhetoric has been spoken to the TVET sector and that the government, in view of the challenges facing the sector, has initiated a number of policy measures aimed at improving the coordination of the TVET sector. and to enhance the efficiency of the operations of training institutions.
The Ministry of Education is currently implementing state-of-the-art policies to achieve its goal of a science-to-humanity ratio of 60-40 high school enrollments for its transformation program.
At the ceremony, the president commissioned a new chapel, a new modern learning center – an expanded computer lab, and also promised to provide the college with a new 60-seat bus.