Veep outlines 85 achievements of President Akufo-Addo’s First term in Government

Vice President Dr Mahamudu Bawumia has extolled the hard work and unmatched record of President Akufo-Addo’s Government has he outlines 85 achievements in his first term.

On his Facebook page, Dr Bawumia noted that it was significant to take note of Akufo-Addo achievements as they forward to the implementation of the 2021 budget.

Dear Friends,

As we look forward to the implementation of the 2021 budget in our second term, we must take note of the accomplishments of the Nana Addo Dankwa Akufo-Addo government in our first term after inheriting an economy in crisis. Here are some:

1. Inflation has been reduced from 15.4% in 2016 to 10.4% at the
end of 2020

2. Reduced average lending rates from 32% in 2016 to 21% in

3. The average exchange rate depreciation over the last four
years (7.3%) is the lowest for any first-term government since
1992. The year 2020 recorded the lowest rate of depreciation in the last 28 years.

4. Cleaned up the mess in the financial sector that we inherited
and saved the deposits of 4.6 million depositors.

5. Ghana has been consistently one of the fastest-growing economies in the world for each of the last four years.
notwithstanding the decline of GDP growth to 0.9% in 2020 as a result of COVID-19.

6. For the first time in over two decades, the trade balance (the
difference between what we export and what we import)
recorded a surplus for four consecutive years from 2017-

7. Ghana’s Gross International Reserves increased from $6.1
billion (3.5 months of imports) in 2016 to $8.6 billion in 2020
(4.1 months of imports).

8. Successfully exited the IMF program

9. Ghana’s sovereign credit rating upgraded from B- in 2016 to B
with a stable outlook. First upgrade in 10 years

10. Planting for Food and Jobs has increased food production. It
has led to a 71% increase in the national production of maize
and 34% in paddy rice.

11. The Global Food Security Index, which measures affordability,
availability and quality of food across 113 countries, placed
Ghana in 59th position in 2019, up from 78th position in

12. Introduced a pension scheme for cocoa farmers. The first
such a scheme since independence.

13. Established a Tree Crop Development Authority with a focus
on mango, cashew, rubber, oil palm, shea and coconut.

14. Implemented the One District One Warehouse initiative

15. Implemented One District, One Factory Initiative. In four
years, 76 companies are in operation under 1D1F.

16. The new Automotive Sector Development Policy has resulted
in VW, Sinotruk, Kantanka Group, and Nissan all assembling
vehicles in Ghana.

17. We have established the Ghana Integrated Aluminium
Development Corporation (GIADEC) and Ghana
Integrated Iron and Steel Development Corporation
(GIISDEC), both of which are progressing steadily in the
development of these industries.

18. Established the Nation Builders Corps (NABCO). 100,000
graduates employed

19. Recruited nurses, doctors, and other healthcare workers,
teachers, police officers, and many others in the public
sector after many years of employment freeze under the
previous Government. At least 550,000 public sector
workers recruited.

20. Import duties reduced by between 30%-50%

21. Lowest average annual increase (8.25%) in petroleum prices
in the fourth republic

22. Cumulatively, we reduced electricity tariffs for residential,
business, and industrial consumers during our first term; the
the only government in the fourth republic to do so.

23. The rate of growth of the debt stock has been reduced from
an average of 243% per annum between 2012-2016 to an
average of 137% per annum between 2017 and 2020. The
debt to GDP ratio however increased from 56.8% in 2016 to
76.1% in 2020 largely as a result of the fiscal impact of
COVID-19, excess capacity charges and the cost of the
financial sector clean-up.

24. Restarted the operations of Anglogold Ashanti’s Obuasi
Mine, the Ghana Publishing Company, WAMCO, as well as
GhanaPost with attendant job creation.

25. We have enrolled 15.5 million people on the biometric
National ID card (Ghanacard) scheme.

26. We have implemented a digital address system capturing
every square inch of land or water in Ghana.

27. Implemented the groundbreaking Mobile Money interoperability (MMI) project. Ghana is the only country in the world that has thus far implemented our version of MMI.

28. Ghana is currently the fastest growing mobile money market in Africa. Ghana has 36.9 million registered mobile money accounts.

29. Ghana is the first country in the world to implement a
Universal QR Code payment system that accommodates
both bank accounts and mobile wallets.

30. We have made it easy for people to renew their national
health insurance membership on their phones without
having to spend precious time in long queues.

31. ECG customers can now easily buy pre-paid electricity units
conveniently from wherever you are on your mobile phone.

32. The online passport application processes are helping many
people and making it easier to obtain a passport.

33. Digitization at the port, elimination of long room, and
streamlined inspections and enhanced enforcement has
made it easier to clear goods and curb corruption in the

34. Following digitization at the Scholarship Secretariat,
everyone can apply for a scholarship and receive the same in
the comfort of his or her home via online applications.

35. We have digitized our court system through the introduction
of :

o. e-justice system to end the manual filing processes o. Ghana Case Tracking System – electronic case tracking –
o. Electronic case distribution system -fair, equitable and
transparent distribution of cases

36. We have implemented the digitization of Motor Insurance
Database. All insurance policies, which now have key
security features have been synchronized to a national
database, which can be accessed simply with any mobile
phone by the insured, the police, and the public.

37. We have digitized the operations of DVLA and today our
citizens have a much more convenient and easy way to
acquire their driver’s license and register their vehicles.

38. We have started automation of our hospitals and we have seen efficient and improved service deliveries at hospitals that we have implemented this. The goal is to go paperless in all hospitals within two years.

39. We have completed the infrastructure to provide free Wifi to
all 722 senior high schools, the 46 Colleges of Education,
260 district education offices, and an initial successful pilot
of 13 public universities.

40. We have developed a one-stop-shop for government services (Ghana.Gov). The process of on-boarding all government institutions is ongoing. On this website, you can
apply for and obtain various government services from

41. By making the National ID number the TIN, we have
increased the number of people with TIN numbers from
750,000 in 2016 to 15.5 million

42. By making the National ID number the SSNIT number, we
have increased the number of people with SSNIT numbers
from 3 million to 15.5 million

43. The National Health Insurance number is now your
Ghana card number

44. The digitization of the births and deaths registry is 80%

45. Abolished excise duty on petroleum

46. Reduced special petroleum tax rate from 17.5% to 15%.

47. Abolished the 1% Special Import Levy

48. Abolished the 17.5% VAT/NHIL on domestic airline tickets

49. Abolished the 17.5% VAT/NHIL on financial services

50. Abolished the 17.5% VAT/NHIL on selected imported
medicines, that are not produced locally

51. Abolished the 5% VAT/NHIL on Real Estate sales

52. Abolished import duty on the importation of spare parts.

53. Reduced National Electrification Scheme Levy from 5% to

54. Reduced Public Lighting Levy from 5% to 2%

55. Introducing a new basic curriculum from kindergarten to
primary six with a focus on reading, writing, arithmetic and
creativity (the 4Rs)

56. Government is now paying the examination registration fees
of BECE and WASSCE candidates

57. Teacher training allowances have been restored

58. Nursing training allowances have been restored

59. Scholarships increased by 70%

60. One Constituency one ambulance policy has been

61. Introduced drones in the delivery of critical medicine,
vaccines and blood to people in remote parts of the country.
Ghana has now the largest medical drone delivery service in the world.

62. SSNIT pension can now be received within 10 days of

63. President Akufo-Addo’s government has expanded school
feeding by 78%

64. We have expanded the Livelihood Empowerment Against
Poverty (LEAP) programme by 53%

65. Doubled the capitation grant

66. Abolished utility bills for tertiary students

67. Abolished the 3-month arrears policy for teachers who had
worked 2-3 years

68. Abolished the fees for postgraduate medical training

69. President Akufo-Addo has also abolished market tolls for

70. Established the Zongo Development Fund to address the
needs of Zongo and inner-city communities.

71. Increased the allowances for peacekeeping soldiers from
$30 to $35

72. Increased the share of the DACF to persons with disabilities
by 50%

73. Implementation of our pledge of employing 50% of the
persons who manage the country’s toll booths from amongst
Persons with Disabilities.

74. Established the National Entrepreneurship and Innovation
Program (NEIP) –

75. Establishing a Ghana Commodities Exchange –

76. Launching a comprehensive Building Code for Ghana for the
first time- ;

77. Implemented one village one dam and constructed over 400

78. President Akufo-Addo has also created six new regions to
help promote decentralized and inclusive development

79. Not a single case of cholera in Ghana in the last four years.

80. The massive investment in water and sanitation facilities in
many rural and deprived communities by our government
has resulted in over 5400 communities being declared open
defecation free (ODF)

81. The largest investment in infrastructure (roads, railways,
schools, etc.) for any first-term government in the fourth
republic (

82. Improved the financing of governance and anti-corruption
MDAs like the Ministry of Justice and Office of the Attorney
General, NCCE, CHRAJ, EOCO etc.

83. World-class leadership demonstrated by President Akufo-
Addo in the management of COVID-19. Notwithstanding the
impact of COVID-19, inflation, interest rates and exchange
rate depreciation is much lower today than they were in

84. Long-running chieftaincy dispute in Dagbon has been solved
against all odds.

85. Implemented Free Senior High School and Free TVET

Notwithstanding these solid achievements, there are still challenges facing the Ghanaian economy and Ghanaians following the impact of the COVID-19 pandemic and I look forward to working with President Akufo-Addo to address these challenges and deliver on his vision to transform and modernize the economy for the benefit of all Ghanaians in our second term.

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