Have confidence; I’m determined to fix economy despite downgrade – Nana Addo President Nana Addo Dankwa Akufo-Addo is confident Ghana’s economy will bounce back despite the recent downgrade by international rating agency, Standard & Poor’s (S&P). S&P last week downgraded Ghana’s foreign and local credit ratings from B-B’ to CCC+C with a negative economic outlook. According to S&P, the downgrade was due to intensifying financing and external pressures on the economy. But, Nana Akufo-Addo says, although he admits times are difficult, the economic situation of the country will turn around shortly. The President was speaking on a local radio station in Tamale. According to him, “Yes, the difficulties are there, and I want to minimize the difficulties that are affecting the lives of ordinary people in a very negative way. What I am saying to the people of Ghana is that, they should continue to have confidence”. The Finance Ministry has, already, express...
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