President-elect of Ghana, Nana Akufo-Addo, assures the people that the economy will take a turn for the better soon enough.
The primary bone of contention between the incumbent government and the people is the economic hardship that the people were facing.
Identifying that as a pressing need of the people, Akufo made it his mission as disclosed during campaigns that he will make the economy a dream come true for Ghana citizens.
For instance during his campaign, the president-elect made a proposition for a “one district, one factory” plan. This impressed Ghanaians, noting that it will boost the manufacturing sector and provide jobs for the unemployed.
“We have to get our economy moving again, to address the problems of low growth, widespread unemployment, and huge debts because this is the reality of our situation in Ghana. And we have to deal with it.”
Akufo-Addoh says he is about to make the country twice as business friendly.
NPP promised that the party will look into the corporate tax from 25% to 20%. It is also proposed to abolish the 17.5% tax on financial services, and removing some import levies.
Addoh wants Ghana’s dependence on foreign loans to be history. He wants public debts to go down to zero.
Addo’s government hopes to implement policies that will advance the nation to the level of becoming a financial services hub, which in other words could introduce offshore banking.
The people of Ghana are optimistic and hopeful that the economy under the president-elect will take Ghana to unprecedented heights.
“Nana Akufo-Addo and Mahamudu Bawumia seem to be serious about turning the economy around. They are expected to deliver on some of their core campaign promises.”
“Ghanaians should hold them accountable. But they also need serious citizens. A vote for change is not a vote for a free lunch. The hard work begins now”. – Prof Atsu Amegashie Department of Economics and Finance, University of Guelph, Canada.