Akufo Addo
President Nana Akufo-Addo

Minister for Finance, Ken Ofori-Atta, says President Nana Akufo-Addo has worked hard to deliver substantial achievements.

Delivering the 2020 Budget statement in Parliament on Wednesday, the Minister listed some achievements by the Akufo-Addo-led government.

Below are some of the achievements:

  • We have doubled the rate of economic growth to make Ghana one of the fastest growing economies in the world.
  • We have expanded food production to make Ghana self-sufficient in maize production through planting for food and jobs.
  • We have also introduced and implemented Rearing for Food and Jobs to develop the livestock industry.
  • Together with Cote d’Ivoire we have reached a landmark agreement to have a floor price for cocoa from next season.
  • We have passed a Fiscal Responsibility Act to entrench fiscal discipline.
  • We have reduced the fiscal deficit; We have also established a Fiscal Council
  • We have issued a Eurobond with the Longest tenor, Largest issuance, Least cost and Largest over subscription, reduced the rate of debt accumulation.
  • We have also reduced electricity prices.
  • We have reduced benchmark values by 50%. We  reduced inflation to its lowest in 27years
  • We have also reduced bank lending rates.
  • We have saved the deposits of some 4.6 million depositors. Government has also established a Financial Stability Council.
  • We have attained a trade surplus for the first time in over twenty years
  • We have established and implemented the National Entrepreneurship and Innovation Program (NEIP) with over 10,000 beneficiaries.