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2018 Budget Here's President Akufo-Addo's Plan for Economic Transformation

The bigger aim according to the government, is to rewrite Ghana’s history and make it a business hub that will eventually become export dependent rather than the current status quo.

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Since the inception of the Nana Addo Danquah Akufo Addo led administration on January 7, 2017, Ghanaians have seen some few measures being implemented by the government aimed at transforming the nation’s economy and bettering the standards of living for the citizenry.

The bigger aim according to the government, is to rewrite Ghana’s history and make it a business hub that will eventually become export dependent rather than the current status quo.

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As part of the transformation agenda, the government has initiated some programmes that some analysts described as ambitious, considering the state of the economy as inherited from the erstwhile John Mahama led administration.

Policies such as the paperless port, planting for food and job creation, digital addressing system, 1-district-1-factroy, the free Senior High School among others were initiated and are ongoing during the 2017 financial year.

However, as the first fiscal year gradually comes to an end, the government has drafted what it calls the Akufo-Ado plan for Economic Transformation (AAPET).

For instance, the government has said in the 2018 budget that it will abolish duties on some agriculture produce processing equipment and machinery. This must be a laudable policy as the government intends to boost agriculture which will subsequently create jobs for the youth through its planting for food and job creation programme.

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That is not all, the government also intends to open up key food basket zones through road construction and irrigation projects among may other intriguing policeis.

Here is a summary of the Akufo-Ado plan for Economic Transformation (AAPET) in the chart below:

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