Private sector to save $1 billion – Pres Akufo – Addo

President Akufo-Addo(inset) addressing the Ghanaian Community in Senegal.President Nana Addo Dankwa Akufo-Addo says the private sector will save about one billion dollars from the government’s policy to remove nuisance taxes.

The policy, he said, would give the private sector the space to expand their businesses, create jobs, and grow the economy.

Addressing the Ghanaian community in Dakar, Senegal on Tuesday, the President said although the state would lose one billion dollars from the exchequer, the decision would have positive impact on the economy.

He said his administration had begun fulfilling the promises made to Ghanaians in the run-up to the election and indicated that Ghanaians would soon reap the benefit of the pledges he made to them.

President Akufo-Addo indicated that he did not make the promises to win votes, as his political opponents sought to portray, but made them to save the future of our country.

“I have said to the Ghanaian people that it is my intention that all these critical commitments are upheld. With correct and honest leadership, we can get to where all of us want to get to. I am confident of that the path we are on,” he said.

The path to returning Ghana onto the path of progress and prosperity, he indicated, had begun with the revival of the Ghanaian economy.

“If the private sector does not have the strength to be able to operate and grow, it becomes difficult to create jobs. So our attitude has been that, let us do whatever we can to strengthen the private sector in Ghana to work and create jobs, especially for our young people in Ghana,” he said

President Akufo-Addo described the Free Senior High School Policy as his obsession, indicating that, his government would fund the cost of public Senior High Schools for all those who qualify for entry from the 2017/2018 academic year onwards.

With the restoration of the National Health Insurance Scheme being a major campaign pledge, President Akufo-Addo noted that his government had found it necessary to find the money to stave the scheme off collapse.

“The NHIS was collapsing because it owed so much to the providers, and a lot of the providers were insisting on ‘cash and carry’. We don’t want to go back to ‘cash and carry’. We have begun to claw back the arrears and began now to pay the service providers. So in the months ahead of us, we are going to see the full recovery of the NHIS,” he assured.

Touching on the agricultural sector, President Akufo-Addo told the gathering that the “Planting for Food and Jobs” programme launched in Goaso a month ago was the answer to the twin-problem of the migration of youth to city centres in search of non-existent jobs, as well as an end to the disgraceful spectacle of Ghana importing food stuffs from neighbouring countries.

Planting for Food and Jobs, the President explained, would be anchored on the pillars that would transform the Ghanaian agriculture with the provision of improved seeds, the supply of fertilizers, and the provision of dedicated extension services.

Assuring that all the necessary measures had been put in place to guarantee the success of the programme, President Akufo-Addo indicated that to ensure that fertilizer was readily available to the farmer at affordable prices; government had reduced the prices of fertiliser by 50 per cent.

Additionally, with a looming shortage of agricultural extension officers in the next two to three years, and largely as a result of the previous NDC administration’s decision not to employ any of the 3,200 graduates from the country’s five Colleges of Agriculture between 2011 and 2015, President Akufo-Addo said his government had, in the last three months, employed 1,200 of these graduates.

“In 2018, we will employ 2,000 more extension officers, with the solemn pledge of employing more graduates from our Colleges of Agriculture in the subsequent years,” he said.

On the commitments made to protect the public purse, President Akufo-Addo stressed that his government was “bringing back competitive tendering for all transactions in the public sector. Sole sourcing, with one or two people sitting in a room and agreeing on things, is over. We are not going to do that again in Ghana. We are going to make sure that the competitive basis for doing things is restored.”

“We are determined to turn round the fortunes of Ghana. Ghana should not be a poor nation. We are not a poor nation. I refuse the description of Ghana as a poor country. We are a rich nation, and we will make sure that the wealth of the country is apparent in the lives of its people.”

By Times Reporter

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