President Nana Addo Danwka AKufo-Addo says his administration is the hardest hit institution by the Coronavirus (COVID 19) pandemic.
“We’ve had huge part of government’s revenue that has gone out of the window as a result of the pandemic”.
“The 2020 budget which was made in November was predicated on 65 dollar barrel of oil. Today we all know that today oil is now around 18, 19, 20, 21 dollars oil a barrel” he said.
In a meeting with stakeholders in the hospitality industry in the country at the Jubilee House this afternoon, the President said irrespective of the challenge, his administration will work to support the economy.
“The commitment of the government to stand beside you and work with you to find a way forward is unconditional,” he assured the industry players.
President AKufo-Addo commended stakeholders in the hospitality sector for their contribution to the growth of the country’s economy.
He said the success of last year’s Year of Return, is largely attributed to the hospitality sector and thanked the businesses in the sector for the support.
“People left this country with very good memory of Ghana and the credit must be given to the hospitality industry,” he said.