Due to the country's economic difficulties, members of the Council of State have decided to lower their monthly allowances by 20% until the end of the year.
The move, according to the Council's Chairman, Nana Otuo Serebour II, is intended to help them identify with Ghanaians in the face of the country's challenges.
During a meeting with the President on Tuesday at Jubilee House, he expressed optimism that "this tiny gesture will be emulated by our organs of government."
"Mr President, in accordance with your decision, we, the Council of State, have decided to cut our monthly allowances by 20% till the end of the year." This is our approach of putting in our widow's mite into our overall efforts.
On Thursday, March 24, Finance Minister Ken Ofori Atta is slated to advise the country on the government's plans to address the country's present economic issues.
Many Ghanaians have expressed their dissatisfaction with how rising fuel prices, transportation and food expenses, and the devaluing cedi have increased their cost of living.
President Akufo-Addo, for his part, advised the public to wait for the Finance Minister's announcement.
Fortunately for us, our retreat took place at the same time that these problems arose, as well as public concern about the state of the economy. As a result, over the course of three days, we were able to examine the economy in greater depth and determine what steps needed to be taken.
"The decision was made that the Minister of Finance will have a huge interaction with the people on Thursday," he said, "where he will be in a position to spell out exactly the actions that we have taken and that we want to implement."