Joe Jackson rejects Akufo-Addo’s claim of economic recovery

Joe Jackson, CEO of Dalex Finance, has criticized President Nana Addo Dankwa Akufo-Addo's claim that Ghana’s economy has returned to pre-COVID-19 levels.

In his final State of the Nation Address, the President highlighted progress in key sectors as evidence of economic recovery.

However, Jackson labeled the assertion overly optimistic, arguing that key indicators such as inflation, currency depreciation, and unemployment paint a less favorable picture.

He noted that Ghana’s currency has lost about 68% of its purchasing power since 2022, reducing the value of GH¢6,000 from $1,000 to just $320.

Jackson questioned how this aligns with claims of recovery, pointing out that most Ghanaians have not seen corresponding income increases to offset the economic decline.