1.
I am glad to be able
to report that the Economic Management Team, under the stellar leadership of
the strong, brilliant economist, Vice President Mahamudu Bawumia, has risen to
the challenge, and the hard work is beginning to show positive results.
2.
We have reduced
taxes, we are bringing down inflation and interest rates, economic growth is
increasing, from the alarming 3.6% at December 2016, to 7.9% in our first year,
and the indications are that it will be even better this year.
3.
We have increased
our international reserves, maintained relative exchange rate stability,
reduced the debt to GDP ratio and the rate of debt accumulation, we have paid
almost half of arrears inherited, and, crucially, we are current on obligations to statutory funds.
4.
I
am also pleased to report that the 3-year IMF-supported Extended Credit
Facility Programme, begun in 2015, comes to an end this year. The relatively
good macroeconomic performance in 2017 will strongly support our successful
completion of the IMF programme.
5.
We
are determined to put in place measures to ensure irreversibility, and sustain
macroeconomic stability, so that we will have no reason to seek again the
assistance of that powerful global body.
6.
We have restored
teacher and nursing training allowances. We have doubled the capitation grant,
and, to confound the sceptics and professional naysayers, we have implemented
Free Senior High School education. It has enabled 90,000 more students gain
access to Senior High School education, in 2017, than in 2016.
7.
We have,
nevertheless, been able to meet my promise made last year to the House, and
reduced the fiscal deficit from 9.3%, to an estimated 5.6% of GDP.
8.
The annual average
rate of debt accumulation, which, in recent years, has been as high as 36%, has
declined to 13.6%, as at September 2017. As a result, the public debt stock as
a ratio of GDP is 68.3%, against the annual target of 71% for 2017, and end
2016 actual figure of 73.1%.
9.
As a result of
appropriate policy, and the normalisation of the power situation in the
country, they have also engineered a spectacular revival of Ghanaian industry,
from a growth rate of -0.5% in 2016 to 17.7% in 2017.
10.
For the first time
in a long while, our macroeconomic fundamentals are solid, and all the critical
indices are pointing in the right direction.
11.
The world is taking
notice of Ghana’s economic strides. Earlier, in January, the World Bank stated
that Ghana’s economy would probably grow by 8.3% this year, which would make it
the fastest growing economy in the world.
12.
Last week, Bloomberg
described Ghana’s Stock Exchange as the best-performing Stock Exchange in the
world for January 2018. The report illustrated how the Ghana Stock Exchange
Composite Index has gained 19% since the start of the year, in dollar terms,
ahead of the Nigerian, Chinese and Brazilian Stock Markets. Ken Ofori-Atta, the
Finance Minister, is proving to be a national asset.
13. In 2017, my first year in office, 394 Sole Sourcing
Requests were made, out of which 223 (56.6%) were approved, and 171 (43.4%)
were rejected. There were 346 Requests for Restricted Tenders, and 167 (48%)
were approved, and 179 (52%) were rejected. The savings, made over the year as
a result, amounted to some GH¢800 million.
PUBLIC ACCOUNTABILITY
14.
I believe it bears
repeating here that, thanks to these boring figures, for the first time in a
long while, we have been able to provide better budgetary support to the
constitutionally-mandated institutions that hold government accountable, i.e.
Auditor-General, Parliament, Judiciary, Ministry of Justice, Commission on
Human Rights and Administrative Justice (CHRAJ), the Economic and Organised
Crime Office (EOCO), and the Police.
PENSIONS
15.
We
have been able to transfer some GH¢3.1 billion of Tier 2 pension funds into the
custodial accounts of the pension schemes of the labour unions, funds that have
been outstanding for six years, and about which the labour unions had been
loudly complaining.
DAILY MINIMUM WAGE
16.
As
a result of engagements with organised labour, we ensured that the National
Daily Minimum Wage was determined and approved before the laying of the 2018
budget by the Minister for Finance.
NO STRIKE ACTIONS
17.
There
were no strike actions last year. We will continue the constructive dialogue
with organised labour to find mutually satisfactory solutions to their
concerns, in order to guarantee industrial peace.
JOB CREATION
18. We have put in place the structures to help small and
medium scale enterprises and budding entrepreneurs through the challenging
start-up years. The availability of cheaper credit is good news for business in
general, and means better prospects for jobs.
19. Government has established the Nation Builders Corps
to employ 100,000 young persons, in 2018 alone, to assist in public sector
service delivery in health, education, agriculture, sanitation and the revenue
collection department of the Ghana Revenue Authority (GRA).
20. We have launched the Digital Marketing and
Entrepreneurship Programme at the Accra Digital Centre. This programme, with
ten regional training centres, has already recruited 3,000 young, unemployed
people, to undergo a 3-month all-expenses-paid training. I am happy to announce
that Ecobank Ghana Ltd has already offered to engage all 3,000 young people,
after the training programme. This is just the tip of the iceberg.
$1 MILLION PER CONSTITUENCY
22.
Local people will
make the decision on what their greatest needs are, and direct the funds to
those areas. Luckily, there is some consensus on what constitutes the basic
infrastructure needs in all communities, and we expect a smooth take-off in the
work of these authorities.
23.
We expect, for
example, the provision of water and toilets to feature prominently in the
agenda of the Development Authorities, until those two items can be taken off
the must-do list of all constituencies around the country. Sixty years after
independence, the least we can, and should, do is to make sure that every
Ghanaian has access to water and toilet facilities.
SANITATION
24. The state of sanitation in our cities is wholly
unacceptable. Our cities have been engulfed by filth. There is the urgent need
for public authorities to find means of making our cities clean, and, in the
case of Accra, fulfilling my pledge, one of the most ambitious of my
presidency, to make it the cleanest city in Africa, by the end of my term.
25. Government is working with various private sector
operators to tackle this major challenge, with strategies that are intended to
effect a change in our attitudes towards waste generation, as well as to
improve dramatically our methods of waste management. This will be complemented
by the strict enforcement of sanitation rules and regulations.
26. Urgent attention will be given to clearing of rubbish
all around the country. Apart from the systematic efforts being made to resolve
the legacy of inherited debts in the sector, Government will spend, this year,
an amount of GH¢200 million to address the vexed issue of sanitation.
27. I am confident that, by the time I come back next
year, God willing, an appreciable improvement would have been made in the
sanitation situation in the country.
ELECTION OF MMDCEs
28. It is a firm manifesto commitment of the New Patriotic
Party. My discussions with the nation’s political leaders, including the former
Presidents of the Republic, convince me that it is a step we must take. The
constitutional impediment to this, in Article 55 of the Constitution, an
entrenched clause, must, therefore, be removed.
29. To ensure the judicious use of the country’s
resources, I propose that the constitutional processes for a Referendum should
be initiated in such a manner that the holding of the Referendum will take
place at the same time as next year’s District Assembly elections.
30.
If successful, the
outcome of the Referendum will mean that the current set of MMDCEs will be the
last batch of Chief Executives to be appointed under the current system.
CREATION OF NEW
REGIONS
31. I am convinced that the creation of new regions alone
would not open up our country. That would not, on its own, convince our young
people that they do not have to come to Accra to make a living. We have to
improve upon the transportation system so that no part of this country feels
cut off, or can be deemed to be too far from the centre. That is one of the
most effective ways to stop the unsustainable rush to Accra.
EASTERN CORRIDOR ROADS
32.
This network of
roads has suffered from deliberate, unproductive propaganda. It is hard to
believe that, at a time when cocoa prices were going down, contracts were
awarded for three sections of the road to be funded by COCOBOD. It comes as no
surprise that COCOBOD has issued directives to suspend work on all three
sections, which come up to almost 100 kilometres.
33.
We are determined to
find the needed resources to complete the Eastern Corridor roads. As I have
heard it said among the Ewes, that which is important, you cook in an important
pot.
ROADS
34.
There is a crying
need for work to be done on all our roads. The Western Corridor, the Central
Corridor, trunk roads, feeder roads, town roads, around the country, all
require urgent attention. We are determined to bring our road network to a
befitting status, and this year we shall witness much more activity on the
roads.
35.
I must make mention
of the work being done to restore the Accra-Tema motorway to its iconic status.
With help from Japan, a loyal friend of Ghana, work is starting to build a
three tier interchange at the motorway roundabout, and the plans for expansion
into a six-lane motorway will be implemented from this year.
RAILWAYS
36. Last year, I made a brave assertion in this House by
stating that the Takoradi to Paga railway would be initiated in the year 2017.
I am happy to report that we are making progress.
37. We are in the final stages of agreeing with a
significant investor the terms of a BOT Agreement, from Takoradi to Kumasi,
which will be presented to Parliament this session. There is already a
contractor on site for the construction of the Kojokrom to Manso section of the
Takoradi to Kumasi rail line.
38. The process has commenced to select a suitable partner
for the construction of the Eastern Line, from Accra to Tema to Kumasi. We aim
to break ground this year. The Central Spine, from Kumasi to Paga, is also
receiving attention, and consultants have been engaged to advise government on
the best model for the development of the line.
39. Ghana and Burkina Faso are in earnest discussions as
to the realisation Tema-Ouagadougou railway line. There are fortnightly
meetings, either in Accra or Ouagadougou, and we are confident that
deliberations will conclude, and actual construction will commence by the third
quarter of this year.
FORMALISATION OF ECONOMY
40.
The
start of the digital address system, the introduction of paperless transactions
at our ports, the rapid and continuing spread of broadband services are all
helping to formalise and modernise our economy.
41.
Subsequent
to Cabinet approval, the framework agreement between Ghana and the Republic of
Mauritius, for an initial investment in the development of a technology park in
Dawa, in the Greater Accra Region, has been ratified by Parliament for
implementation to begin. Unfortunately, and predictably, a whole new set of
dangers of cyber insecurity and fraud have emerged with these modern tools.
42.
We
are working to strengthen cyber security to build confidence, and protect the
use of electronic communications in national development, and ensure that our
young technologically savvy people would keep Ghana firmly in the exciting IT
economy and its many opportunities.
EDUCATION
43.
We need an educated and skilled workforce to be able to
operate the modern economy we are creating. The Free SHS is a start towards
this goal. It is a policy that has come to stay.
44.
We are reforming the
schools’ curricula to deal with the weaknesses in our education system, and lay
greater emphasis on Science, Technology, Engineering, Mathematics (S.T.E.M),
reading, history, and technical and vocational skills. A look at the national
budget would tell you we are spending a lot of money on education.
45.
It is, in my view,
also important that the reform of our schools’ curricula should instil in our
youth respect for the traditional values of discipline, fellow-feeling, hard
work, honesty, integrity, and patriotism, without which no healthy, social
development can occur.
HEALTH
46. We dare not compromise on the health of the
population. We have cleared a substantial part of the debts and arrears that
were choking the National Health Insurance Scheme. This has led to the revival
of the NHIS, and the renewal of respect for the NHIS card. The health needs of
our people are being better served.
PERSONS LIVING WITH DISABILITY
47. We promised, last year, to increase the share of the
District Assemblies Common Fund to persons with disabilities from 2 percent to
3 percent, and we delivered.
48. Effective July last year, the policy of ensuring that
50% of the persons who manage the country’s toll booths are Persons with
Disabilities started. Nonetheless, we are determined to address the other
concerns of Persons living With Disabilities.
AGRICULTURE
49.
This year, the
One-Village-One-Dam project starts full operation. It is a simple, low-tech
project, but these dams will make a big difference to all our lives and the
livelihoods of our farmers.
50.
Already, many of the
little dams that had been abandoned, have been rehabilitated and brought back
into use. A deliberate and specific intervention to help farmers is paying off.
51.
Our farmers can see
that the government is putting resources to back up the usual words. The 50%
subsidy on fertilizer, and the increase in the provision of extension services,
are making a great difference to the performance of Ghanaian agriculture.
52.
Under the Planting
for Food and Jobs scheme, we are witnessing a fresh interest in farming. The
success of the first year has encouraged us to increase the scope of the
programme, and, this year, some half a million farmers would be signed on, up
from the figure of two hundred thousand (200,000).
FISHERIES
53.
This
past year, we made sure that the close season was respected not just by the
industrial tuna vessels, but, also, by the trawlers. We will adhere to this
policy for the foreseeable future, which should help us replenish our depleted
stocks.
54.
More
effective measures are being taken against illegal, unreported and unregulated
methods of fishing.
55.
We
have also instituted measures to avert premix diversions, and strict auditing
of landing beaches are in place. I can state that, since November, there has
been no report of premix diversion, a marked improvement from the past.
56.
We
have identified 100 dams in five regions across the country – Upper East, Upper
West, Northern, Volta and Western – and stocked them with fingerlings. This is
the start of big things to come.
1-DISTRICT-1-FACTORY
57.
Agriculture forms
the backbone of our flagship 1-District-1-Factory programme. The majority of
the proposals that have been evaluated and accepted for support under the
scheme are agro-based. It is food processing after all that has been the
take-off point for industrialization in most developed societies. It also fits in
with our determination to open up our country, and make jobs and facilities
available in all parts of the country.
GALAMSEY
58.
We are waging a
valiant struggle to bring the galamsey phenomenon under control. We have had to
ban small-scale mining for the past nine months. We acknowledge that the
banning of small-scale mining cannot be the long-term solution in a country
such as ours, which is blessed with so many minerals; but, as the saying goes,
desperate situations call for desperate remedies.
59.
We cannot look on,
as our very existence as a country is put in jeopardy and our water bodies,
forests and land mass are destroyed.
60.
Even with the ban,
it has been a never-ending battle with the galamseyers, and I am sure the House
will want to join me, in paying tribute to the members of our forces in the
Operation Vanguard that are protecting our environment. They are Ghanaian
patriots of the first order.
61.
We have started
various schemes to find sustainable alternative sources of income for the
galamsayers. Nothing will ever equate the attraction of the search for gold or
diamond, and maybe the drama of actually finding some, but this generation of
Ghanaians dare not preside over the destruction of our lands.
62.
The state of our
rivers and forests remains a great cause for worry, and it is our sacred duty
to protect them. I hope I can count on the total support of the House to help
nurse our degraded lands and rivers back to health.
63.
I am equally
grateful to those chiefs who have supported the fight against galamsey. My
government will continue to reach out to our traditional rulers, so that,
together, we can address pressing issues facing our nation and its peace and
stability.
ENERGY
64.
A lot of hard work
has gone into easing the intolerable debt situation that threatened to paralyse
the energy industry. We still have problems with the cost of power, and we are
working to put Ghana at a competitive advantage.
65.
We intend to find
private sector operators to buy into the state owned thermal plants, and inject
the capital needed to bring power tariffs down for both domestic and commercial
consumers.
66.
I am sure that the
House shares my relief that DUMSOR is no longer part of our everyday lexicon.
Long may it stay so.
SECURITY
67. The police, the prosecution services and the judiciary
owe it to all of us to make us feel and be safe. I do not need to repeat that
crime wears no political colours, and I am certain that message has gone down
to all. The law enforcement agencies will crack down very hard on all those who
would disturb the peace of our nation.
68. We will give the Police the resources they need to do
their job. An initial amount of GH¢800 million is being made available to
procure and supply, within the next six months, critical, modern policing
equipment and gadgets to enhance the capacity of the police to enforce law and
order, including one thousand (1,000) vehicles, motorbikes, and ammunition.
Already, the successful renegotiation of existing contracts has enabled us purchase,
forthwith, 100 vehicles for the Police.
69. In the medium to long-term, we will purchase drones
and helicopters to assist the police combat violent and environmental crime.
The crime laboratories will be modernised, and properly equipped to provide the
necessary support. The police intelligence unit will also be strengthened. The
perennial problems associated with police accommodation will be tackled, and a
compensation package introduced to cover officers in their line of duty.
70. We shall not allow miscreants of any sort to terrorize
our population; and I promise that there will be no hiding place for criminals.
I am certain that the interventions we are introducing will boost morale in the
service, and I urge the House and all citizens to support the police to deliver
the service we deserve.
CATTLE RANCHING
71. We are rehabilitating the kraals or ranches that were
abandoned after the Kufuor-led NPP government left office in 2009. They will
become operational shortly to provide secure, grazing places for cattle. At the
same time, efforts are also being intensified to find an ECOWAS-wide solution
to an issue, which goes beyond the boundaries of our country, and is affecting
the entire West African region.
ARMED FORCES
72. We are beginning to address the problems of our Armed
Forces. I am happy to report that work has started on the Barracks Regeneration
Programme. The acute accommodation problems that face our security agencies
must be, and are now being tackled
73. It is vital that all of us give maximum support to the
noble and brave men and women of our security services, involved in Operation
Calm Life, Operation Vanguard, and Operation Cow Leg, aimed at guaranteeing the
safety of our people, the integrity of our environment, and the peace of our
nation.
HOUSING
74.
We have begun the
difficult process of making housing affordable for Ghanaians. Government, last
year, abolished the 5% VAT/NHIL on real estate sales, and continues to create a
conducive environment that is reducing interest rates on mortgage loans.
75.
Discussions are also
on-going between the Pensions Regulatory Authority and the Banks to underwrite
an effective mortgage system. This will facilitate access to housing for the
ordinary budget. Government will also continue to create the enabling
environment that will promote private sector investment in cheaper housing for
the people.
OFFICE OF SPECIAL PROSECUTOR
76. The Special Prosecutor Act is an essential step in our
overall strategy to combat corruption. I look forward to Parliament dealing
speedily with the process of confirmation of the nominee, a person of proven
professional ability, with an established record of integrity and independence
of character. There is enough goodwill in the country to propel the first occupant
of this position into setting a good and firm foundation for the position of
the Special Prosecutor.
AUDITOR GENERAL’S REPORT
77. The Auditor-General’s Report on MDA liabilities as at
31st December, 2016, makes truly alarming reading. I make reference
to the fact that a staggering amount of GH¢5.4 billion has been identified as
constituting fictitious claims.
78. Every day, we hear reports on our radios and
televisions of dilapidated classrooms, and children who sit on floors at
school. Just think of the difference that GH¢5.4 billion would make to the
nation’s finances. That would certainly be enough to build and furnish hundreds
of classrooms, and construct the Eastern Corridor roads.
79. Every citizen is affected by acts of corruption, and
we should all work to tackle them. Government has an obligation to treat the
Auditor-General’s Report seriously, and to work to retrieve illegally acquired
monies from those who would impoverish us all.
80. The role of OccupyGhana in increasing awareness of the
importance of the work of the Auditor-General should be recognised.
ALLEGATIONS OF CORRUPTION
81. The Preamble to the Constitution of the Republic
enjoins each one of us to uphold the principles of Freedom and Justice, Probity
and Accountability. In furtherance of these principles, I have made it publicly
known that anyone, who has information about acts of corruption by any of my
appointees, should bring it forward, and should be prepared to back it up with evidence,
for I will have it investigated.
82. So far, every single alleged act of corruption
levelled against any of my appointees has been investigated by independent
bodies, and, in some cases, by Parliament itself, and the findings made public.
83. It is important to note that, in my first year of
office, despite having a clear parliamentary majority, two separate bi-partisan
probes in Parliament have been established to inquire into allegations of
corruption, as against zero in recent years, notwithstanding the persistent
calls by the then Minority over several allegations.
84. With the greatest of respect, and in the words of the
articulate Minister for Information, Mustapha Abdul-Hamid, no matter how long a
log stays under water, it will never become a crocodile.
ONSHORE OIL DISCOVERY
85. Last year, I directed our state-owned oil development
company, the Ghana National Petroleum Corporation (GNPC), to pay particular
attention to this potential. It is good to hear that that directive appears to
be yielding dividends, as GNPC, from the results of its pilot survey in the
Voltaian basin, has established the presence of a working petroleum system. I
hope that, eventually, there will be something big for us to cheer about.
SPORTS
86. This year, we will continue the process of passing the
Legislative Instruments of the National Youth and Sports Act, pursue the
enactment of the draft National Sports College Bill, and create a Sports Fund
to improve sports development in the country. Government also remains committed
to the development of football in the country.
87. We have begun the rehabilitation of the Accra Sports
Stadium, aka Ohene Djan Sports Stadium, and in partnership with the Inner City
and Zongo Development Ministry and the Ghana Football Association, we are
constructing a number of football pitches in the Zongos and across the rest of
the country, to aid in the revival of colts football, which has been
responsible for the production of talents like Abedi Pele and Tony Yeboah.
FOREIGN POLICY
88. I have been active in keeping up and promoting the
historical role of Ghana within these communities. I have travelled around our
neighbourhood and beyond, and I am glad to report that the Black Star is shining. It
is the reason for the unprecedented numbers of world leaders – African, Asian
and European – who have thronged our shores this past year, and enjoyed our
renowned Ghanaian hospitality.
CREATIVE ARTS
89.
I am very much aware
that we have to create the space and atmosphere for our artists and creatives,
and we shall support them. The foundations for the passing of the Creative Arts
Bill have been laid, and, ultimately, processes for the setting up of the
Creative Arts Fund will be completed to enable our creative artists to access
funds to boost their art.
TOURISM
90. We are building a Ghana, where tourists will feel at
home, and we shall feel proud when they say “I was in Ghana.” On December 15,
2017, I joined the chiefs and people of Osu and Gbese to cut the sod for the
241-acre Accra Marine Drive Project. This project, during construction and upon
completion, will generate thousands of jobs for the local community and across
the value chain, and position Ghana as a key tourism destination.
GENDER
91. I promised last year we would endeavour to pass into
law the Affirmative Action Bill. This did not happen. My commitment to the
promotion of the advancement of women is without question. Women constitute the
majority of the population, and our success or otherwise as a nation will be
measured by how well women are doing. The Bill will definitely come to
Parliament this session.
92. I have thrown my full weight behind the HeforShe
campaign, and the Gender and Development Initiative for Africa (GADIA), an
initiative stemming from my position as the African Union’s Gender Champion. I
urge all Ghanaian males to join together in giving Ghanaian females the dignity
they deserve.
93. I further entreat all of us, male and female, to
support the implementation of the 2030 United Nations Sustainable Development
Goals, which have been incorporated into
Government’s Coordinated Programme of Economic and Social Development
Policies, which was laid before this House on 13th November, 2017,
and the execution of which will ensure that no Ghanaian is left behind.
94.
Our nation is on the
right path. We will build a Ghana Beyond Aid.
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