Pulse.com.gh logo

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.

  • Published:

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.

READ MORE: Man beats up ex-girlfriend so severely that her own daughter could not recognise her

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.

READ ALSO: 12 students charged over the death of 19-year-old who took 18 drinks in 82 minutes

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:

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email: eyewitness@pulse.com.gh.

Recommended Articles

Recommended Videos

Top Articles

1 Illegal Operations Menzgold extends suspension of gold vault market servicesbullet
2 Investment banks in Ghana Top 5 investment banks in Ghana and why you...bullet
3 Illegal Operations Menzgold customer threatens to sue over principal...bullet
4 Ponzi schemes in Ghana These investments are Ponzi schemes in...bullet
5 Kotoka International Airport GACL to move all domestic airlines...bullet
6 How to create a verified PayPal account Learn how to create a...bullet
7 Corruption? Oil companies deny ¢40.5m payments in Chief of...bullet
8 Fuel Prices IES predicts fuel prices to go upbullet
9 Chinese scam? GIBA against free Startimes TV satellites...bullet
10 Retrenchment ATL sacks 200 workers, rest of staff not...bullet

Top Videos

1 Forbes 2018 Africa's billionaires rich listbullet
2 Money Alert Meet Africa's richest womanbullet
3 Former Capital Bank staff grills pork for survivalbullet
4 New Discovery Ghana discovers new mineral, lithium in commercial...bullet
5 Dr Joseph Siaw Agyepong Nobody can collapse my company – JOSPONGbullet
6 Tech 6 reasons you should buy an iPhone SE instead of any of...bullet
7 Support Finance minister buys Kantanka carbullet
8 Bozoma Saint John 10 quotes from Uber top official,...bullet
9 Selorm Adadevoh MTN CEO dances Agbadzabullet
10 New Phones Nokia MWC 2018 Event in 5 minutesbullet