Policy think tank, IMANI Africa, has urged President Nana Akofu-Addo and his government to focus more on solving the main problems facing the country rather than dancing around manifesto promises.
Barbara Andoh, an Associate Researcher at IMANI in presenting the assessment report at a forum organized by IMANI to assess the first year of President Nana Akufo-Addo’s government at the Tang Palace Hotel in Accra on Wednesday, 24 January 2018
said, though government has achieved some reasonable progress in the past one year, it should eschew fulfilling just campaign promises and rather solve challenging problems facing the country.
Adding that “We believe government has achieved some reasonable progress in the fulfillment of its manifesto promises. What we must focus on is that, we must move from the process of just checking things off the list of manifesto promises to the actual solving of problems.
And one thing that we noticed is that this is going to happen if we are able to coordinate all policies and programmes and initiatives so that our Ministries, Departments and Agencies (MDA) and all stakeholders concern are speaking to one another. Thoughtful coordination among MDAs should be a priority.”
The report also indicated that, Akufo-Addo’s government, was able to stabilise the cedi in 2017 as compared to its performance in 2016.
The report also found that, there were positive signs indicating the Ghanaian economy is picking up, a situation which resulted in the stability of the cedi as well as some positive ratings by three major rating agencies.
“The government sought to achieve its objective by restoring macroeconomic stability; shifting the focus of economic management from taxation to production; managing the economy competently; and making the machinery of government work to deliver the benefits of progress to all Ghanaians. To accomplish this goal, about one hundred and forty-six (146) promises were made concerning the macroeconomy, trade and industry, agriculture, and tourism in the 2016 NPP manifesto.
These promises are broadly in line with the medium term Coordinated Programme of Economic and Social Development (2017-2024) demonstrating consistency and commitment to their goals.
In the first year of the NPP administration, reflecting a stabilising macroeconomy, Ghana enjoyed positive credit ratings. Three major rating agencies – Fitch (B/stable), Standard & Poor (B-/positive) and Moody’s (B3/stable) – rated Ghana’s economy as stable in 2017 considering such factors as exchange rate, public debt and inflation.
Such positive rating if sustained and enhanced, will improve Ghana’s global outlook, making her attract further investments. The Ghana cedi was relatively stable in 2017, compared to the previous year; and to other currencies in the West African sub-region. Between January 2017 and October 2017, the cumulative depreciation of the Ghana Cedi was 4.0% compared to 4.3% during the same period in 2016.
Even though inflation was on a downward trend by meeting the 2017 inflation target of 11.6%, proved changed as the year closed with an inflation rate of 11.8%,” the report revealed.