President Nana Akufo-Addo of Ghana has scored himself high in the arena of governance and development, saying that the country under his watch has made quite impressive progress.
Speaking to New Patriotic Party, NPP members in Toronto, Canada, at the weekend, the president said things have indeed turned around for good since his coming.
The event was the 25th-anniversary of the inception of the Canada Branch of the party and the president used the occasion to reel out his record of success
With an estimated 8.8 per cent potential growth rate for 2019, Ghana is projected to be the fastest-growing economy on earth at the moment. It also displaced Nigeria from the plum position of the leading recipient of foreign direct investment in the West African sub-region.
Part of the boost for Ghana has come from the administration’s very careful attention to economic growth factors like inflation, trade balance and the fiscal deficit.
“Inflation for August 2019 stands at 7.8% and is in single digits; our trade balance account, for the first time in more than a decade, recorded a surplus in 2017, maintained it in 2018, and we expect to maintain the surplus for this year as well. We have brought the fiscal deficit down from the 9.3% of 2016 to 4.5% currently,” Akufo Addo stated.
On employment, the president remarked that the administration’s Nation Builders Corps initiative has put one hundred thousand graduates to work even as 54,892 health workers and 59,000 teachers have been employed in the past two years.
Still on education, the president remarked that “Free SHS, which was described as an impossibility and a misplaced priority by our opponents, has been successfully implemented. 1.2 million children, the highest enrollment of pupils in Senior High School in our history, are benefiting from the policy.;
The core trade arena has also not been left out in the administration’s strategic focus. According to the President, ‘Since April this year, we have also reduced the benchmark values of import duties by as much as 50%, and, in the case of vehicles, by 30%.”
No doubt some of these would even bring some more yields in the days and months ahead as Ghana braces to tap some more specific benefits that come with its recently acquired role of hosting the secretariat of the fledgling African Continental Free Trade Area, AfCFTA.
President Nana Akufo-Addo of Ghana