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SPEECH BY DR. MAHAMUDU BAWUMIA VICE PRESIDENT OF THE REPUBLIC OF GHANA
TUESDAY, 11
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FEBRUARY 2020 KNUST, KUMASI AN ASSESSMENT OF THE STATUS OF NPP 2016 MANIFESTO PROMISES
 
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Good morning. It is a pleasure to have the opportunity to share with you our assessment of the economy and our assessment of the implementation of our manifesto promises based on the data, and also shed some light on a number of issues concerning the economy that are no doubt on the minds of many Ghanaians.
The data will speak for itself !!! PROBLEMS THAT NEEDED TO BE SOLVED
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Lets start at the beginning. The NPP under the leadership of Nana Akufo-Addo was largely aware of the nature of the problems that existed in the economy before we came into office. We had analysed these problems, talked about them and put forward solutions which were largely captured in our 2016 Election Manifesto. Some of the problems that existed in the economy, many of which were worsened following the eight years of NDC government, included:
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Declining Economic growth;
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High Inflation rate
 
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High Interest rates
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High exchange rate depreciation
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High fiscal deficit
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Rapid accumulation of debt. 12-fold increase in debt
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Weak and collapsing financial system
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High Unemployment
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The NHIS was back to cash and carry.
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Emergency healthcare system was collapsing with only 55 semi-functional ambulances in the country
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Four years of dumsor with its costs
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Average annual increase in electricity prices between 2010 and 2015 was 45%
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Increases in taxes on many items
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Freeze on public sector recruitment
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Cuts in research allowances for lecturers
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Abolition of teachers training allowances
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Abolition of nurses training allowances
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