Ghanaian President, Nana Addo Akufo-Addo, on Tuesday said the country plans to invest about $17 billion (100 billion Ghana cedis) to revitalise the post-COVID-19 economy.

Delivering an address in parliament to conclude his first term in office, Mr. Akufo-Addo said the investment aimed to restore the economy on the path of growth and offer hope for the future.

“This programme will anchor bright prospects for the medium-term and create better opportunities in all sectors,” said the president.

He added that in spite of the setbacks to economic achievements due to the outbreak of COVID-19, the government would continue to take prudent measures to restore health to the economy.

“The government will continue to implement prudent fiscal measures to quicken the pace of fiscal consolidation and restore the country to the path of economic recovery,” he added.

The Ghanaian economy was projected to grow at 6.8 per cent in 2020.

This has, however, been revised downwards to about two percent due to the impact of COVID-19 on economic activities.

Mr. Akufo-Addo will take the oath of office Thursday to commence his second term after being declared the winner of the December 7 presidential polls.