President Nana Akufo-Addo has increased allowances of chiefs and queen mothers by 100%. The president announced this on Monday, November 6, 2017, when he addressed a meeting of the National House of Chiefs in Kumasi.
“The allowances for paramount chiefs and queen mothers of the National and Regional Houses of Chiefs have been increased by 100%, and payments by government are up to date. As I speak, the 4th quarter allowances are being processed. Quarterly budgetary support to traditional councils and houses of chiefs has also been increased by nearly 60%,” he said.
President Akufo-Addo stressed that “we are doing all of this because we want to build a Ghana, which looks to the use of its own resources and their proper management as the way to engineer social and economic growth in our country.”
The President also told the chiefs and queens that his government has been working on the fundamentals of the economy to open up opportunities for all citizens.
“The economy has responded positively to this, interest rates on the money markets have declined, the exchange rate is more stable, inflation, which stood at 15.4% in December 2016, is on the decline, and, in September 2017, stood at 12.2%, and economic growth picked up in the first half of the year, and is projected to end at 7.6%, up from the 3.6% we inherited, which was the lowest in over 20 years,” he added.
Akufo-Addo further stated that the commencement of the Free SHS policy has guaranteed a minimum of secondary education for all of Ghana’s children with the judicious application of the country’s resources heralding the revival of the National Health Insurance Scheme (NHIS).