We just found the secret of Nana Addo's presidency and it's all about the economy

We just found the secret of Nana Addo's presidency and it's all about the economy

YEN.com.gh explores the hidden agenda behind all the policies government has taken and how its positively impacting the macro-economic outlook of Ghana.

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It's been barely 11 months since the Akufo-Addo administration took office and all too soon, his administration continues to get the rousing applause of a job well done even from some political detractors who once thought the NPP government never had the capacity to do so.

We just found the secret to Nana Addo's presidency

We just found the secret to Nana Addo's presidency

READ ALSO: I'm ready to be Ghana's next president - Asiedu Nketiah

Just before the NPP administration took office, Ghana's macro-economic outlook was just unconscious talking about the rising levels of non-performing loans at the banks, the $2 billion energy bond debt, burgeoning rate of inflation, energy crisis, dwindling of investor confidence, the list goes on and on.

But now we have the NPP administration in place and in just 10 months, Ghanaians continue to see the various policies that this government is putting in place to transform the economy.

But take some time to find out the secret plan for government's transformation agenda and then you will come to appreciate more the trajectory it is taking.

Just before the NPP took over power, their main plan was to transform the economy. That was the plan. In doing so, the Nana Addo-led administration had just one thing left to embark on this flamboyant move which is the attraction of capital from both foreign and local investors.

But these investors can never sacrifice their capital to a struggling economy like Ghana unless they saw some key things that could help their business adventure flourish. So then government deviced a new strategy that will be aimed at restructuring the foundations of the economy.

This was how come we first heard about the paperless port system which has transformed doing business at the ports especially when business men would now be free to clear their goods without the strain of bureaucracy and bribes. If any investor heard of this brave move by Ghana, there is no doubt in our minds that they would rush to invest.

Beyond the paperless system did we see the recapitalization of the banking sector which saw the Bank of Ghana clean the sector with the recent closure of UT and Capital Bank through a takeover by GCB. In every economy, the banking sector remains one of the foundations of success since a break down of confidence and subsequent collapse of banks will possibly see investors withdraw their funds and rush out to other ventures.

Through the Ghana Investment Promotion Centre (GIPC), government continues to create he best case for investors to invest in the various sectors of the economy.

In fact, the poorest performing sector which is agric has also seen a major boost through many bold interventions like the planting for food and jobs, one-district-one-factory, one-district-one warehouse and also the one-village-one-dam interventions - all aimed at making Ghana's agric sector work again.

So there we have it, it's all about attracting investor confidence in the country and increasing foreign direct investments in the short to medium term. Because when we get investors coming, they come with huge capital and this subsequently results in the creations of new business ventures which subsequently translates into job creation and ultimately an economic boom.

READ ALSO: No house address no Ghana card - Nana Addo enforces new rule

It's all about making Ghana business friendly and giving the private sector the needed boost to transform the economy in huge proportions!

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Source: Yen.com.gh

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