{"id":212763,"date":"2024-08-24T17:13:42","date_gmt":"2024-08-24T17:13:42","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/08\/24\/here-are-topmost-priority-of-the-next-ndc-govt-to-reset-ghanas-economy\/"},"modified":"2024-08-24T17:13:42","modified_gmt":"2024-08-24T17:13:42","slug":"here-are-topmost-priority-of-the-next-ndc-govt-to-reset-ghanas-economy","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/08\/24\/here-are-topmost-priority-of-the-next-ndc-govt-to-reset-ghanas-economy\/","title":{"rendered":"Here are topmost priority of the next NDC govt to reset Ghana&#8217;s economy"},"content":{"rendered":"<p><\/p>\n<div>\n<div class=\"ringCommonDetail ringBlockType-paragraph \">\n<p>    <!-- paragraph: supported --><\/p>\n<p>\n        <strong>Here are some priorities NDC wants to implement to tackle the ailing economy of Ghana<\/strong>.\n    <\/p>\n<\/p><\/div>\n<div class=\"ringCommonDetail ringBlockType-paragraph \">\n<p>    <!-- paragraph: supported --><\/p>\n<p>\n        \u2022Ensure macroeconomic stability.\n    <\/p>\n<\/p><\/div>\n<div class=\"ringCommonDetail ringBlockType-paragraph \">\n<p>    <!-- paragraph: supported --><\/p>\n<p>\n        \u2022Restore fiscal and debt sustainability.\n    <\/p>\n<\/p><\/div>\n<div class=\"ringCommonDetail ringBlockType-paragraph \">\n<p>    <!-- paragraph: supported --><\/p>\n<p>\n        \u2022Restore investor confidence.\n    <\/p>\n<\/p><\/div>\n<div class=\"ringCommonDetail ringBlockType-paragraph \">\n<p>    <!-- paragraph: supported --><\/p>\n<p>\n        \u2022 Prioritise investment in productive sectors for sustainable economic growth and decent jobs.\n    <\/p>\n<\/p><\/div>\n<div class=\"ringCommonDetail ringBlockType-ordered_list \">\n<p>    <!-- ordered_list: supported --><\/p>\n<ol class=\"list\">\n<li>Scrap the following draconian taxes within our first 100 days in office to alleviate hardships and ease the high cost of doing business:<\/li>\n<\/ol><\/div>\n<div class=\"ringCommonDetail ringBlockType-paragraph \">\n<p>    <!-- paragraph: supported --><\/p>\n<p>\n        \u202210% levy on bet winnings\n    <\/p>\n<\/p><\/div>\n<div class=\"ringCommonDetail ringBlockType-paragraph \">\n<p>    <!-- paragraph: supported --><\/p>\n<p>\n        \u2022 Import duty on vehicles and equipment imported into the country for industrial and agricultural purposes\n    <\/p>\n<\/p><\/div>\n<div class=\"ringCommonDetail ringBlockType-paragraph \">\n<p>    <!-- paragraph: supported --><\/p>\n<p>\n        To further ease hardships, we will:\n    <\/p>\n<\/p><\/div>\n<div class=\"ringCommonDetail ringBlockType-paragraph \">\n<p>    <!-- paragraph: supported --><\/p>\n<p>\n        Apply the Price Stabilizations and Recovery Levy on fuel to cushion consumers.\n    <\/p>\n<\/p><\/div>\n<div class=\"ringCommonDetail ringBlockType-paragraph \">\n<p>    <!-- paragraph: supported --><\/p>\n<p>\n        \u2022 Rationalise fees and charges at our ports to reduce the burden on importers and Ghanaians.\n    <\/p>\n<\/p><\/div>\n<div class=\"ringCommonDetail ringBlockType-paragraph \">\n<p>    <!-- paragraph: supported --><\/p>\n<p>\n        \u2022 Undertake a comprehensive reform of Ghana\u2019s VAT regime to provide relief for households and businesses.\n    <\/p>\n<\/p><\/div>\n<div class=\"ringCommonDetail ringBlockType-paragraph \">\n<p>    <!-- paragraph: supported --><\/p>\n<p>\n        This will include reversing the decoupling of GETFund and NHIL from VAT, reversing the VAT flat rate regime, upwardly adjusting the VAT registration threshold to exempt micro and small businesses and repealing the law imposing VAT on domestic electricity consumption.\n    <\/p>\n<\/p><\/div>\n<div class=\"ringCommonDetail ringBlockType-paragraph \">\n<p>    <!-- paragraph: supported --><\/p>\n<p>\n        \u2022 Stabilise the Ghana Cedi and macro-economy through an urgent economic recovery programme to shore up our foreign reserves.\n    <\/p>\n<\/p><\/div>\n<div class=\"ringCommonDetail ringBlockType-paragraph \">\n<p>    <!-- paragraph: supported --><\/p>\n<p>\n        \u2022 Roll out the equivalent of a $10 billion Big Push policy for strategic infrastructural development to drive sustainable economic growth and transformation.\n    <\/p>\n<\/p><\/div>\n<div class=\"ringCommonDetail ringBlockType-paragraph \">\n<p>    <!-- paragraph: supported --><\/p>\n<p>\n        \u2022 Introduce various social interventions to alleviate the current economic hardships and protect the vulnerable. These will include the:\n    <\/p>\n<\/p><\/div>\n<div class=\"ringCommonDetail ringBlockType-paragraph \">\n<p>    <!-- paragraph: supported --><\/p>\n<p>\n        \u25ca No-Academic-Feepolicyforallfirst-yearstudentsinpublic tertiary institutions under the \u2018No-Fees-Stress\u2019 initiative\n    <\/p>\n<\/p><\/div>\n<div class=\"ringCommonDetail ringBlockType-paragraph \">\n<p>    <!-- paragraph: supported --><\/p>\n<p>\n        \u25ca Free Tertiary Education for Persons with Disability (PWDs)\n    <\/p>\n<\/p><\/div>\n<div class=\"ringCommonDetail ringBlockType-paragraph \">\n<p>    <!-- paragraph: supported --><\/p>\n<p>\n        \u25ca Free Primary Healthcare\n    <\/p>\n<\/p><\/div>\n<div class=\"ringCommonDetail ringBlockType-paragraph \">\n<p>    <!-- paragraph: supported --><\/p>\n<p>\n        \u25ca Ghana Medical Care Trust (MahamaCares)\n    <\/p>\n<\/p><\/div>\n<div class=\"ringCommonDetail ringBlockType-paragraph \">\n<p>    <!-- paragraph: supported --><\/p>\n<p>\n        \u25ca Free Sanitary Pads for school girls, among others.\n    <\/p>\n<\/p><\/div>\n<div class=\"ringCommonDetail ringBlockType-paragraph \">\n<p>    <!-- paragraph: supported --><\/p>\n<p>\n        1. Launch a forensic audit into the NPP\u2019s collapse of indigenous Ghanaian banks and financial institutions at a supposed cost of GH\u00a225 billion.\n    <\/p>\n<\/p><\/div>\n<div class=\"ringCommonDetail ringBlockType-paragraph \">\n<p>    <!-- paragraph: supported --><\/p>\n<p>\n        2. Restore the licenses of wrongfully collapsed financial institutions and create employment opportunities for persons who lost their jobs as part of a broader strategy to increase Indigenous participation in the sector.\n    <\/p>\n<\/p><\/div>\n<div class=\"ringCommonDetail ringBlockType-paragraph \">\n<p>    <!-- paragraph: supported --><\/p>\n<p>\n        3. Shift from over-concentration on the macro-economy, prioritise the micro-economy and invest in the real sector to anchor sustainable growth.\n    <\/p>\n<\/p><\/div>\n<div class=\"ringCommonDetail ringBlockType-paragraph \">\n<p>    <!-- paragraph: supported --><\/p>\n<p>\n        4. Implement an Economic Transformation Agenda (ETA) underpinned by structural reforms and anchored on promoting modernised agriculture, agri-business and value addition for import substitution, exports and job creation.\n    <\/p>\n<\/p><\/div>\n<div class=\"ringCommonDetail ringBlockType-paragraph \">\n<p>    <!-- paragraph: supported --><\/p>\n<p>\n        5. Work to reduce food inflation to lower the high cost of living in the country through our Agriculture for Economic Transformation Agenda (AETA).\n    <\/p>\n<\/p><\/div>\n<div class=\"ringCommonDetail ringBlockType-paragraph \">\n<p>    <!-- paragraph: supported --><\/p>\n<p>\n        6. Revise the Earmarked Funds Capping and Realignment Act, 2017, to free statutory funds such as the GETFund, NHIL, Road Fund, etc., for their mandated objects.\n    <\/p>\n<\/p><\/div>\n<div class=\"ringCommonDetail ringBlockType-paragraph \">\n<p>    <!-- paragraph: supported --><\/p>\n<p>\n        7. Develop a deliberate policy to build economic buffers through external reserves to cushion the Ghana Cedi.\n    <\/p>\n<\/p><\/div>\n<div class=\"ringCommonDetail ringBlockType-paragraph \">\n<p>    <!-- paragraph: supported --><\/p>\n<p>\n        8. Review and enforce the Fiscal Responsibility Act 2018 (Act 982) and implement a fiscal consolidation plan to ensure fiscal discipline under the supervision of an Independent Fiscal Council.\n    <\/p>\n<\/p><\/div>\n<div class=\"ringCommonDetail ringBlockType-paragraph \">\n<p>    <!-- paragraph: supported --><\/p>\n<p>\n        9. Implement a robust fiscal policy framework to reset the government\u2019s priorities and reduce waste and financial losses.\n    <\/p>\n<\/p><\/div>\n<div class=\"ringCommonDetail ringBlockType-paragraph \">\n<p>    <!-- paragraph: supported --><\/p>\n<p>\n        10. Review the Public Procurement law to provide for an Independent Value for Money office to scrutinise government procurements above a threshold determined by Parliament.\n    <\/p>\n<\/p><\/div>\n<div class=\"ringCommonDetail ringBlockType-paragraph \">\n<p>    <!-- paragraph: supported --><\/p>\n<p>\n        11. Constitute the Independent Public Debt Management Office (DMO) under the Public Financial Management Act, 2016 (Act 921) to ensure effective public debt management\n    <\/p>\n<\/p><\/div>\n<div class=\"ringCommonDetail ringBlockType-paragraph \">\n<p>    <!-- paragraph: supported --><\/p>\n<p>\n        12. Restore confidence in Ghana\u2019s economy on the domestic bond and capital markets.\n    <\/p>\n<\/p><\/div>\n<div class=\"ringCommonDetail ringBlockType-paragraph \">\n<p>    <!-- paragraph: supported --><\/p>\n<p>\n        13. Restructure the Bank of Ghana to strengthen its independence and operational efficiency to deliver its price and financial stability mandate.\n    <\/p>\n<\/p><\/div>\n<div class=\"ringCommonDetail ringBlockType-paragraph \">\n<p>    <!-- paragraph: supported --><\/p>\n<p>\n        We will implement revolutionary and transformational policies to create sustainable, decent, well-paying jobs.\n    <\/p>\n<\/p><\/div>\n<div class=\"ringCommonDetail ringBlockType-paragraph \">\n<p>    <!-- paragraph: supported --><\/p>\n<p>\n        14. Launch a forensic audit into the illegal printing of money by the Bank of Ghana to finance the corrupt Akufo-Addo\/ Bawumia government, which caused hyperinflation and pushed over 850,000 Ghanaians into poverty in the year 2022.\n    <\/p>\n<\/p><\/div>\n<div class=\"ringCommonDetail ringBlockType-paragraph \">\n<p>    <!-- paragraph: supported --><\/p>\n<p>\n        15. Investigate the NPP\u2019s opaque Gold-for-Oil initiative and review the Gold Purchase Programme of the Bank of Ghana.\n    <\/p>\n<\/p><\/div>\n<div class=\"ringCommonDetail ringBlockType-paragraph \">\n<p>    <!-- paragraph: supported --><\/p>\n<p>\n        16. Improve disbursements into the District Assemblies Common Fund (DACF) for local development.\n    <\/p>\n<\/p><\/div>\n<div class=\"ringCommonDetail ringBlockType-paragraph \">\n<p>    <!-- paragraph: supported --><\/p>\n<p>\n        17. Implement Mo-Ne-Yo, a unique Pension Scheme for informal sector workers such as commercial drivers, commercial motorcyclists (Okada), small-scale miners, farmers, fishermen, traders, market women, creatives and artisans to improve their livelihoods in retirement.\n    <\/p>\n<\/p><\/div>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Here are some priorities NDC wants to implement to tackle the ailing economy of Ghana. \u2022Ensure macroeconomic stability. \u2022Restore fiscal and debt sustainability. \u2022Restore investor confidence. \u2022 Prioritise investment in productive sectors for sustainable economic growth and decent jobs. Scrap the following draconian taxes within our first 100 days in office to alleviate hardships and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":212764,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-212763","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Here are topmost priority of the next NDC govt to reset Ghana&#039;s economy - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/08\/24\/here-are-topmost-priority-of-the-next-ndc-govt-to-reset-ghanas-economy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Here are topmost priority of the next NDC govt to reset Ghana&#039;s economy - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Here are some priorities NDC wants to implement to tackle the ailing economy of Ghana. \u2022Ensure macroeconomic stability. \u2022Restore fiscal and debt sustainability. \u2022Restore investor confidence. \u2022 Prioritise investment in productive sectors for sustainable economic growth and decent jobs. 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