Dr Bawumia has revealed that the various interventions and initiatives implemented by the Nana Akufo-Addo Government have provided financial relief for many ordinary Ghanaians
Vice-President Bawumia made the statement when he gave the Keynote Address at the 2018 National Policy Summits at Kumasi on Monday 23 July 2018.
The Policy Summit, the third in the series organised by the Ministry of Information and focusing on the economy, is under the theme “Assessing the Growth, Jobs and Prosperity Agenda.” It is being attended by stakeholders and major players in Ghana’s economy and will assess and proffer suggestions on ways to ensure greater financial and social inclusion.
The Vice President emphasised that the policy and programme interventions of the Nana Akufo-Addo government are geared towards ensuring that Ghana’s development agenda affects everyone in our social strata and enhance social inclusion.
These measures, he indicated, have yielded and continue to yield appreciable results in the 18-month tenure of the Akufo-Addo presidency.
“Government’s economic policies have not only seen an improvement in the macroeconomic indicators, it has also provided relief to ordinary Ghanaians such as parents, kayayei, the elderly teacher trainees, nursing trainees, unemployed graduates and many more.
“If we take the various social intervention and welfare packages provided by the government we can determine the amount of money that the government has saved the people of Ghana. These are monies that the individual can use for something different of his or her choice.”
Enumerating some of the interventions, and the financial benefits that have been transferred to the pockets of many Ghanaians, Vice-President Bawumia stated:
“If we take the reduction in electricity tariffs and quantify the amount involved, we would realise that for 2018 alone, the overall expected average annual savings on electricity bills for Residential and Non-Residential customers as well as industries will amount to over GHS1.8 billion. This is money that government has put in people’s pockets indirectly.
“As government pays for the cost of flagship programmes such as Fertiliser subsidy, Planting for Food and Jobs, subsidy for BECE candidates, Free SHS, the expanded school feeding programme, the expanded livelihood empowerment against poverty (LEAP), restoration of nursing and teacher trainee allowances, national entrepreneurship and innovation programmes for start-ups, it is directly and indirectly putting money in people’s pockets. The total amount of money that the government has saved the Ghanaian people from paying for these particular programmes is in excess of GHS2 billion.”
Furthermore, the abolition of, and reduction of about 15 taxes in the 2017 budget provided relief to Ghanaians amounting to GHS 1.4 billion. Also, an increase in peace-keeping allowances from $30 to $35 and an increase in the share of DACF paid to persons with disability, have directly put monies in their pockets to the tune of about GHS54.6 million, Vic- President explained.
“The sum total of all the above is over GHS5.4 billion. This is a significant relief to ordinary Ghanaians,” Dr Bawumia declared.
He noted that this does not include GHS 600 million that will be paid annually to the 100,000 graduates who will start work soon under the Nation Builders Corps. The graduates will be paid GHS700 per month.
“While the above does not capture all the projects and programmes we have instituted that put money into the pockets of people they tell a great story about how President Nana Addo Dankwa Akufo-Addo cares for the ordinary Ghanaian,” Dr Bawumia added.