President Akufo-Addo has raised concerns about Ghana's lingering colonial economic structures, which he believes continue to adversely impact the nation.

Despite this, he assured the public of resolute actions aimed at dismantling the current reliance on raw material production and exports.

Instead, he envisions a transition toward a contemporary, value-added, and industrialized economy.

Highlighting pre-pandemic and pre-conflict economic indicators that aligned with this vision, President Akufo-Addo acknowledged the challenges faced by the nation.

Nonetheless, he underlined substantial advancements across various sectors.

"As the leader of Ghana, my focus has been on steering our nation's course from raw material exports and imported goods retail to a modern, value-adding industrialized entity," President Akufo-Addo affirmed.

These statements were made at a banquet honoring senior citizens in observance of Founders' Day, a significant date in Ghana that commemorates the nation's liberation from colonial rule and its foundation.

The event, held at the Jubilee House's Banquet Hall, was attended by Vice President Dr. Mahamudu Bawumia.