• About
  • Advertise
  • Privacy Policy
  • Contact
Thursday, June 5, 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

Isaac Adongo Defends NDC’s $10 Billion ‘Big Push’ Policy

August 27, 2024
Evans Junior Owuby Evans Junior Owu
in General News
0
Isaac Adongo Defends NDC’s $10 Billion ‘Big Push’ Policy

Issac Adongo, Member of Parliament for Bolgatanga Central Constituency and Spokesperson on NDC Manifesto on the Economy

The Member of Parliament for Bolgatanga Central Constituency and Spokesperson on the National Democratic Congress (NDC) Manifesto on the Economy, Isaac Adongo has strongly defended the NDC’s ambitious $10 billion ‘Big Push’ infrastructure agenda, aimed at rapid infrastructure development and job creation.

In a compelling statement, the NDC legislator highlighted the significant role of the private sector in economic development and criticized the New Patriotic Party (NPP) government’s approach to managing Ghana’s economy.

Honourable Isaac Adongo emphasized that given the current economic challenges and budgetary constraints, the government must create a conducive environment for the private sector to thrive.

RelatedPosts

Mahama Leads Tree Planting Campaign, Champions Action against Environmental Pollution

Nii Lante Vanderpuye Slams NPP’s Petition to Police

‘GRNMA Strike Declared in Bad Faith’, MoH Laments Nationwide Disruption

“Given the rigidities in our budget. Given the challenges within the fiscal environment. You’d want to encourage your private sector to be a key player and a partner to the government. The role of government is to set a congenial environment that allows the private sector to thrive”.

Honourable Issac Adongo, Member of Parliament for Bolgatanga Central Constituency and Spokesperson on NDC Manifesto on the Economy

He argued that the private sector is better positioned than the public sector to create sustainable and decent jobs, noting that the public sector workforce, which numbers just over 760,000, already consumes a significant portion of the budget.  

According to him, there is a limit to how much the government can do to create sustainable jobs, underscoring the critical need for the government to leverage the capabilities of the private sector to drive economic growth and job creation.

Justification for the $10 Billion Investment

Highlighting the significance of the NDC’s proposed $10 billion investment in infrastructure, Honourable Isaac Adongo, who also serves as the Ranking Member of the Finance Committee of Parliament cited a 2015 research paper by the African Development Bank to buttress his argument.

He pointed out that the African Development Bank’s research report urged Ghana to invest an average of $2 billion annually to eliminate its infrastructure deficit and enhance competitiveness.

He pointed out that the NDC’s previous administration, under former President John Dramani Mahama initiated several capital projects in response to these findings.

“In 2016, you saw John Mahama doing a lot of capital projects. It was in response to the African Development Bank’s research findings. After 8 years of expenditure being skewed in favour of consumption under the current administration, we have seen that we now need to scale up further, and that’s why we are doing $2.5000000000 a year over a 4-year period, which gives $10,000,000,000”.

Honourable Issac Adongo, Member of Parliament for Bolgatanga Central Constituency and Spokesperson on NDC Manifesto on the Economy

Track Record and Comparison with NPP

Moreover, Honourable Isaac Adongo challenged the NPP’s infrastructure track record, contrasting it with the achievements of the National Democratic Congress’s erstwhile administration under former President Mahama.

He cited the construction of the Atuabo Gas Plant worth $1.5 billion, Terminal 3 at Kotoka International Airport and the efforts of GRIDCo in retooling the energy sector as examples of successful public-sector-led projects with private-sector thinking.

Critique of NPP’s Economic Strategies

Additionally, Honourable Isaac Adongo dismissed any comparisons between the NDC’s and NPP’s economic strategies, stating, “Don’t be comparing apples with mangoes. We are far, far ahead of the current NPP government.”

He also criticized the NPP’s handling of the economy, particularly its reliance on consumption-based expenditure and its controversial ‘Gold for Oil’ policy as a strategy to manage the exchange rate.

He argued that the next NDC administration’s approach would focus on fixing the agricultural sector, which he claims is responsible for 60% of Ghana’s exchange rate problems due to the high importation of food.

“Our strategy to deal with the exchange rate is not gold for oil. Our strategy is that we are aware that 60% of our exchange problem is coming from agriculture. So what we will do is to fix agriculture to stop the importation of food into our country so that we deal with the exchange rate.”

Honourable Issac Adongo, Member of Parliament for Bolgatanga Central Constituency and Spokesperson on NDC Manifesto on the Economy

He further elaborated on the NDC’s plan for aggressive industrialization through a 24-hour economy, which would expand production, conserve foreign currency, and effectively address the exchange rate challenges.

READ ALSO: NewGold ETF Emerges as Sole Gainer on GSE Amidst Market Slump

Tags: 24-Hour Economy PolicyAfrican Development Bank (AfDB)Isaac AdongoJob creationNDC's $ 10 Billion Big Push PolicyRappid Infrastructure development
Please login to join discussion
Previous Post

China Promotes Peace Plan For Ukraine

Next Post

Ablakwa Criticizes Government Over Akosombo Dam Spillage Response

Sign up for The Vaultz analytic wire

Get weekly news analysis from top editors at The Vaultz and stay informed on trending economic and business issues from across the globe.

Related Posts

HE President John Dramani Mahama
General News

Mahama Leads Tree Planting Campaign, Champions Action against Environmental Pollution

June 5, 2025
Blair Institute Warns Reeves: ‘Invest, Don’t Just Cut’
UK

Blair Institute Warns Reeves: ‘Invest, Don’t Just Cut’

June 5, 2025
Idris Elba Unveils Ambitious Plans for Africa’s Entertainment Industry 
Entertainment

Idris Elba Unveils Ambitious Plans for Africa’s Entertainment Industry 

June 5, 2025
Edwin Nii Lante Vanderpuye, EC, pink sheets
General News

Nii Lante Vanderpuye Slams NPP’s Petition to Police

June 5, 2025
Cedi Gains Offer Lifeline to ECG Amid Sector Financial Crisis 
Extractives/Energy

IPGG Endorses Energy Levy as Lifeline for Ghana’s Power Sector 

June 5, 2025
Hegseth Points To 'Near Consensus' On 5% Defence Spending Target For NATO States
Europe

Hegseth Points To ‘Near Consensus’ On 5% Defence Spending Target For NATO States

June 5, 2025
HE President John Dramani Mahama
General News

Mahama Leads Tree Planting Campaign, Champions Action against Environmental Pollution

by Evans Junior OwuJune 5, 2025
Blair Institute Warns Reeves: ‘Invest, Don’t Just Cut’
UK

Blair Institute Warns Reeves: ‘Invest, Don’t Just Cut’

by Lawrence AnkutseJune 5, 2025
Idris Elba Unveils Ambitious Plans for Africa’s Entertainment Industry 
Entertainment

Idris Elba Unveils Ambitious Plans for Africa’s Entertainment Industry 

by Esther Korantemaa OffeiJune 5, 2025
Edwin Nii Lante Vanderpuye, EC, pink sheets
General News

Nii Lante Vanderpuye Slams NPP’s Petition to Police

by Silas Kafui AssemJune 5, 2025
Cedi Gains Offer Lifeline to ECG Amid Sector Financial Crisis 
Extractives/Energy

IPGG Endorses Energy Levy as Lifeline for Ghana’s Power Sector 

by Prince AgyapongJune 5, 2025
Hegseth Points To 'Near Consensus' On 5% Defence Spending Target For NATO States
Europe

Hegseth Points To ‘Near Consensus’ On 5% Defence Spending Target For NATO States

by Comfort AmpomaaJune 5, 2025
HE President John Dramani Mahama
Blair Institute Warns Reeves: ‘Invest, Don’t Just Cut’
Idris Elba Unveils Ambitious Plans for Africa’s Entertainment Industry 
Edwin Nii Lante Vanderpuye, EC, pink sheets
Cedi Gains Offer Lifeline to ECG Amid Sector Financial Crisis 
Hegseth Points To 'Near Consensus' On 5% Defence Spending Target For NATO States
[/vc_row_inner]

Recent News

  • Mahama Leads Tree Planting Campaign, Champions Action against Environmental Pollution
  • Blair Institute Warns Reeves: ‘Invest, Don’t Just Cut’
  • Idris Elba Unveils Ambitious Plans for Africa’s Entertainment Industry 
  • Nii Lante Vanderpuye Slams NPP’s Petition to Police
  • IPGG Endorses Energy Levy as Lifeline for Ghana’s Power Sector 
The Vaultz News

Copyright © 2021 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 © 2021 The Vaultz News. All rights reserved.