• About
  • Advertise
  • Privacy Policy
  • Contact
Thursday, December 4, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

We are transforming the economy beyond stability- Bawumia

thevaultzby thevaultz
November 28, 2020
Reading Time: 3 mins read
Bawumia 1 1

The Vice President, Dr Mahamudu Bawumia has said the Akufo-Addo government did not only seek to stabilize the economy, but they also took steps to transform the nature of the economy whilst providing an assessment of their policy impacts on the agriculture sector.

Dr Mahamudu Bawumia revealed this on Thursday night when he made a compelling case dubbed “The Case for Four More Years to do more for you” for the re-election of President Nana Addo Dankwa Akufo-Addo on December 7, 2020 for a second term in office.

“These we have achieved through Planting for Food and Jobs, Planting for Export and Rural Development and Rearing for Food and Jobs. PFJ has led to a 71% increase in the national production of maize and 34% in paddy rice. Yields per hectare of maize, rice, and soybean have also increased significantly and we now export 19 different food items, including maize, to the rest of ECOWAS countries”.

“Again, through One District One Factory and Strategic Anchor initiatives, we are adding value to our raw materials through industrialization. In four years, 76 companies are in operation and a total of 107 1D1F factories are also under construction. We expect every district to have a factory in the next 2 years.”

The Vice President also indicated that the Akufo-Addo government have abolished or reduced 15 taxes and levies to reduce the burden of taxes on businesses and individuals which is unprecedented in the history of economic management in Ghana.”

RelatedPosts

Cocobod Makes Headway in Sustaining Cocoa Trees and Output

Ghana’s Loans Set to Get Cheaper Overnight as Reference Rate Plummets to 15.9%

Historic Win for Ghanaian Economy as Inflation Crashes to 6.3%, Lowest in Four Years

“We have also reduced electricity tariffs for residential, business and industrial customers. No government in the history of Ghana has reduced electricity tariffs in net terms during its term of office,” he added.

Dr. Bawumia also highlighted the fulfillment of the objective by the Akufo-Addo government to modernize, digitize and formalized the Ghanaian economy, which he said was largely informal. He revealed that when they came into office, “Over 90% of Ghanaians had no unique identity, there was no working address system, over 70% of the bankable public had no bank accounts, most transactions were cash based, less than 10% had Tax Identification Numbers, and clearing goods at the port, obtaining a driver’s license, passport, renewing your NHIS card, purchasing electricity units, obtaining birth certificates,” and many others, were manual and became breeding grounds for corruption as bribes were demanded

He said the Akufo-Addo government “made the strategic decision to address these chronic problems by digitizing the Ghanaian economy as well as the prices of delivery of many government services to increase government revenue, eliminate corruption and ultimately provide public services to citizens more efficiently and more conveniently“.

Dr. Bawumia noted further that with the successful issuance of digitized national ID cards to 15.5m Ghanaians in 4 years, the implementation of mobile money interoperability, digital address system and the digitization of various government services, the Akufo-Addo government has made significant strides in its digitization agenda.

ADVERTISEMENT

Dr. Bawumia stated unequivocally that President Akufo-Addo has delivered on his 2016 promises and appealed to Ghanaians to give him 4 more years to continue with his good works which is to stimulate economic growth, support industrialization, accelerate agriculture modernization, consolidate 1D1F and the implementation of Free SHS and TVET and move Ghana ahead.

“We ask you to give us four more years because our Government, borne out of the NPP, under the leadership of President Nana Addo Dankwa Akufo-Addo, has kept faith with you, Ghanaians, by delivering on the commitments we made to you.”

“On December 7, remember that we have achieved together, and what, we can achieve together over the next four years, and vote to retain Nana Addo Dankwa Akufo-Addo as President, and for NPP MPs, all of whom are number 1 on the ballot, so we can deliver once again on our mandate”.

Read Also: We’ve stabilized and grown the economy- Dr. Bawumia

Tags: Akufo-AddoDr. Mahamudu BawumiaGhana Economy
Share8Tweet5Share1SendSend
Please login to join discussion
Previous Post

UN-Ghana releases Covid-19 Recovery Plan for Ghana

Next Post

Europe’s Economic Sentiment Drop in November

Related Posts

image 1600x900 89 1280x640 1
Agribusiness

Cocobod Makes Headway in Sustaining Cocoa Trees and Output

December 3, 2025
Ghana’s Loans Set to Get Cheaper Overnight as Reference Rate Plummets to 15.9%
Banking

Ghana’s Loans Set to Get Cheaper Overnight as Reference Rate Plummets to 15.9%

December 3, 2025
Historic Win for Ghanaian Economy as Inflation Crashes to 6.3%, Lowest in Four Years
Economy

Historic Win for Ghanaian Economy as Inflation Crashes to 6.3%, Lowest in Four Years

December 3, 2025
inflationtargeting 1200x675 cropped
Economy

Inflation Target Band Revision Set for Next Year – BOG

December 3, 2025
Extractive Sector
Extractives/Energy

Government in Good Position to Fulfill Extractive Sector Promises – Alliance of CSOs Project

December 3, 2025
Ghana’s FDI Hits US$378m as Manufacturing Dominates a Record-Breaking Q3 Surge
Economy

Ghana’s FDI Hits US$378m as Manufacturing Dominates a Record-Breaking Q3 Surge

December 3, 2025
Yayra Koku, Executive Secretary of the National Identification Authority (NIA)
General News

NIA Boss Backs Fresh SIM Registration, Says 2022 Exercise Failed to Verify Identities

by Evans Junior OwuDecember 4, 2025
Chinese President Xi Jinping and French President Emmanuel Macron at the Great Hall of the People in Beijing
Asia

Macron Presses Xi to ‘Overcome Differences’ in High-Stakes Beijing Talks

by Prince AgyapongDecember 4, 2025
Haruna Mohammed, Deputy General Secretary, NPP
General News

NPP Deputy General Secretary Questions Kpandai Ruling Integrity

by Silas Kafui AssemDecember 4, 2025
Joshua Ansah, Secretary-General Organized Labour
General News

TUC Slams New Utility Tariff Hikes, Demands Corrective Actions

by Evans Junior OwuDecember 4, 2025
Mr. Sammy Gyamfi and Prof. George Agyei
Extractives/Energy

GoldBod Partners GSA for National Gold Scale Calibration

by Bless Banir YarayeDecember 4, 2025
PURC Increases Electricity Tariffs
Extractives/Energy

ICEG Raises Alarm Over New Electricity and Water Tariff Increases

by Prince AgyapongDecember 4, 2025
Yayra Koku, Executive Secretary of the National Identification Authority (NIA)
Chinese President Xi Jinping and French President Emmanuel Macron at the Great Hall of the People in Beijing
Haruna Mohammed, Deputy General Secretary, NPP
Joshua Ansah, Secretary-General Organized Labour
Mr. Sammy Gyamfi and Prof. George Agyei
PURC Increases Electricity Tariffs

Recent News

Yayra Koku, Executive Secretary of the National Identification Authority (NIA)

NIA Boss Backs Fresh SIM Registration, Says 2022 Exercise Failed to Verify Identities

December 4, 2025
Chinese President Xi Jinping and French President Emmanuel Macron at the Great Hall of the People in Beijing

Macron Presses Xi to ‘Overcome Differences’ in High-Stakes Beijing Talks

December 4, 2025
Haruna Mohammed, Deputy General Secretary, NPP

NPP Deputy General Secretary Questions Kpandai Ruling Integrity

December 4, 2025
Joshua Ansah, Secretary-General Organized Labour

TUC Slams New Utility Tariff Hikes, Demands Corrective Actions

December 4, 2025
Mr. Sammy Gyamfi and Prof. George Agyei

GoldBod Partners GSA for National Gold Scale Calibration

December 4, 2025
The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.

Discover the Details behind the story

Get an in-depth analysis of the news from our top editors

Enter your email address