Government fulfils manifesto promise to clean up banking sector

An IMANI Ghana report has revealed that the Akufo-Addo government has scored 69 percent in macro stability.

The report revealed that the financial sector clean-up exercise had been carried out and has initiated various actions subsequently.

This was revealed at a report launch of iManifesto 2019 progress- An assessment of the NPP government's election promises.

The report also indicated that the NPP has also fulfilled its promise in abolishing the 1? special import levy, and also abolished 17.5% VAT/NHIL on financial services and the establishment of the fiscal council.

The NPP has also failed to fulfil their promise to reduce corporate tax rate from 25 ? to 20 ?, achieve double digit GDP growth annually for the next four years and has also failed to facilitate the passage of consumer protection law.

In all the NPP scored 47.6? in the Economy, Trade and industry sector.

The Tourism, Culture and Creative Arts scored 66.19% as the promise to promote tourism was achieved with 84%.

The NPP promised to expand the tourism sector in its manifesto, through investment, innovation, the pursuit of service excellence and meaningful partnerships. In specific terms, 10 promises were made for the tourism sector, 4 promises with regards to culture and 7 promises in the creative arts industry. Out of the 21 promises made under tourism, culture and creative arts, the government scored 66 percent on the iManifesto assessment tool, which signifies good progress.

In agriculture the government scored 60 percent using the iManifesto assessment tool, which implies satisfactory progress of the implementation of the campaign promises. A further assessment indicates that the government performed best on improved seeds and fertilizer. A strong performance is again registered on the developments of products. The government has executed 73 percent of its promises in the development of cocoa and 60 percent for non-traditional exports such as cashew, shea, oil palm and cotton. This confirms government’s significant commitments towards the country’s agricultural sector.

On the assessment of the NPP government’s election promises, IMANI Ghana noted that the overall performance of the current New Patriotic Party (NPP) administration does not reflect more than 48.78% progress as at 2019.