The new president of Ghana, Nana Akufo-Addo, was before parliament this Tuesday, 21st February 2017 to decide on the state of the country and its projects.
President Nana Akufo-Addo’s speech focused on the economy of the country, which is currently “in a bad shape”. Nevertheless, the head of state is confident that the prevailing state of the economy will not deter him from fulfilling promises such as creating jobs, reducing the country’s fiscal deficit and improve agriculture sustainably.
To give a new lease of life to the country’s economy, John Mahama’s successor promised to cut taxes in order to stimulate private sector growth in Ghana.
President Akufo Addo’s speech also included other promises in support of the national economy. These include “the construction of a dam in each village to allow the development of agricultural activities throughout the year”, and the construction of a railway line linking the harbor city of Takoradi to the northern Ghana starting this year.
Finally, the head of the Ghanaian executive returned to the record of the Mahama administration, to criticize the three-year program with the International Monetary Fund (IMF). According to him, this program, which should have helped stabilize national finances, was a failure.
Ghana’s economy was until recently one of the most dynamic in Africa. But it was hit in 2014, by world prices decrease of its exports of gold and oil.
GiF News
