According to President Nana Addo Dankwa Akufo-Addo, Ghana's economy was expanding favorably before the crisis between Russia and Ukraine threw the nation into turmoil.

He said that the economy was growing at 7% and was regaining ground lost to the COVID-19 pandemic.

However, Akufo-Addo quickly added that the economy will eventually overcome its issues.

He said this while delivering the keynote presentation at the Ghana Bar Association's annual bar conference.

“In recent times, we have been witnessing significant difficulties in the management of the national economy, largely as a result of the impact of the COVID-19 pandemic on the global economy, which has been exacerbated by the effects of the Russian invasion of Ukraine.

“We will do so again. In fact, in the last quarter of 2021, the recovery from COVID-19 appeared to be on course, when our economy grew by seven percent (7%), only for the Russian invasion of Ukraine in the first quarter of this year to exacerbate our challenges. We will overcome them,” he said.

However, the President emphasized that the fundamental commitment to addressing these issues within the bounds of fair procedures and democratic institutions must endure.

And I am convinced that we will overcome these obstacles, God willing," Akufo-Addo said.