Ghana was able to withstand major challenges in 2006 because of the openness of social discourse and increasing understanding of the governance mechanism, President John Agyekum Kufuor said on New Year's Eve. In a nationwide radio and television broadcast to the nation he said the maturation of the diverse institutions, both public and private; the improving efficiency of macro-economic management, and incipient partnership between the public and private sectors for growth contributed the resilience. He also attributed the nation's strength to "the gradual but steady improvement in the law and order situation, as well as the acknowledgement and support by the international community and development partners for the country's good governance practices".
President Kufuor identified the challenges to include the sky-rocketing crude oil prices which hit the country from the very beginning of the year adding; "equally troubling were the many industrial actions that assailed the economy and society from otherwise stable sectors such as education, health and the public sector generally".
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