Vice President Dr Mahamudu Bawumia has listed on social media what he says are the achievement of the Akufo-Addo government so far.
Dr Bawumia among other things mentioned the implementation of the Free SHS policy and efforts at digitizing the economy as part of the achievements.
As we look forward to the implementation of the 2021 budget in our second term, it is important that we take note of the accomplishments of the Nana Addo Dankwa Akufo-Addo
Government in our first term after inheriting an economy in crisis. Here are some:
Inflation has been reduced from 15.4% in 2016 to 10.4% at the end of 2020
Reduced average lending rates from 32% in 2016 to 21% in 2020.
The average exchange rate depreciation over the last four years (7.3%) is the lowest for any first term government since 1992.
The year 2020 recorded the lowest rate of depreciation in the last 28 years.
Cleaned up the mess in the financial sector that we inherited and saved the deposits of 4.6 million depositors.
Ghana has been consistently one of the fastest growing economies in the world for each of the last four years notwithstanding the decline of GDP growth to 0.9% in 2020 as a result of COVID-19.
For the first time in over two decades, the trade balance (the difference between what we export and what we import) recorded a surplus for four consecutive years from 2017-
2020.
Ghana’s Gross International Reserves increased from $6.1billion (3.5 months of imports) in 2016 to $8.6 billion in 2020 (4.1 months of imports).
Successfully exited the IMF program
Ghana’s sovereign credit rating upgraded from B- in 2016 to B with a stable outlook.
First upgrade in 10 years.
Planting for Food and Jobs has increased food production. It has led to a 71% increase in the national production of maize and 34% in paddy rice.
The Global Food Security Index, which measures affordability, availability and quality of food across 113 countries, placed Ghana in 59th position in 2019, up from 78th position in
Introduced a pension scheme for cocoa farmers.
The first such scheme since independence.
Established a Tree Crop Development Authority with a focus on mango, cashew, rubber, oil palm, shea and coconut.
Implemented the One District One Warehouse initiative.
Implemented One District, One Factory Initiative. In four years, 76 companies are in operation under 1D1F.
The new Automotive Sector Development Policy has resulted in VW, Sinotruk, Kantanka Group, and Nissan all assembling vehicles in Ghana.
We have established the Ghana Integrated Aluminium Development Corporation (GIADEC) and the Ghana Integrated Iron and Steel Development Corporation (GIISDEC), both of which are progressing steadily in the
development of these industries.
Established the Nation Builders Corps (NABCO). 100,000 graduates employed.
Recruited nurses, doctors, and other healthcare workers, teachers, police officers, and many others in the public sector after many years of employment freeze under the previous Government. At least 550,000 public sector workers recruited.
Import duties reduced by between 30%-50%.
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