Elections 2020: LET’S MAINTAIN PREZ AKUFO ADDO FOR BUILDING A BULLDOZER ECONOMY – CoHK TESCON Veep Urges Ghanaians

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Elections 2020: LET’S MAINTAIN PREZ AKUFO ADDO FOR BUILDING A BULLDOZER ECONOMY – CoHK TESCON Veep Urges Ghanaians

The TESCON Vice President of College of Health and Well Being Kintampo, Mr Kwasi Owusu Frimpong has urge Ghanaians to maintain President Akufo Addo over his predecessor John Mahama for how robust the NPP Government has manage the economy and the Country at large.

Below is the full details of this statement .

This year happens to be election year, the two main political parties in the country that is Npp and ndc with their presidential candidate Nana Addo and John mahama respectfully.

John mahama was President from 21th July 2012 to 7th January 2017
Nana Addo president from 7th January 2017 till date. Going to 2020 polls, let’s look at the performance of the two, as President of Ghana their respective year

In Fuel scored card

After 3years in office, the fuel price increment rate under the 2 Major options going into 2020 election.
Akuffo-Addo 32.53%
Mahama 98.84%
Details of the above figures are as follows;
4.5litres makes the normal Ghana fuel gallon.
When Akuffo Assumed office, a litre of fuel was Ghc4.15 per litre. 3years in office, it currently sell at about 5.50 per litre.

This means a gallon of fuel increased from GHS 18.68 to the current figure of about GHS 24.75 per gallon. The percentage increament is 32.53% in 3 years. On the average, it is about 10.84% per year.

In the case of Former President Mahama, when he assumed office in January 2013, a litre of fuel was Ghc1.72 per litre. 3years in office, that is january 2016, it sold at about 3.42 per litre. This means a gallon of fuel increased from GHS 7.74 to GHS15.34 per gallon.

The percentage increment in 3years of office is 98.84%. On the average, it is about 32.92% per year.
If increment in fuel causes hardship is any thing to go by, Comparatively, Mahama increased hardship on Ghanaians exponentially. This is because, an increment of fuel price is 10.84% per year under Akuffo-Addo but 32.92% under Mahama.

Economy Growth

The deficit NPP inherited on 7th January 2017 was 9.3%”, today, it is 4.5%.
Inflation was at 15.4% when NPP came into office, today it is 7.9%.
We have, for the first time, a positive trade balance.

The nation’s reserves, which was at 2.5 months import cover in 2017, has grown to 4.5 months in the period of these three years.
The growth, has grown from an average of 3.6% to an average of 7% in the last 3 years.

In utility tariffs

In 2017, total gas flow to the thermal power plants rose to about 43 million mmBTU (43,360 mmscf), almost 60% more than the supply of 2016; only about 17% coming from Nigeria (18% in 2016) via the WAGP and the remaining 73% (82% in 2016) coming from Ghana Gas, i.e. the Atuabo gas processing plant.
Between 2013 and 2016, just the last four years of the NDC government, the cumulative increase in electricity tariff was 166%.
In 2013 was 78% increment
In 2014 was 28.3% increment
In 2015 was 59.2% increment
Adding the number of increment in these years equal to 165.5% out of 300% of three years which is average of 55.2% increment yearly
2018, Npp reduced electricity prices for businesses by 30 percent and for households by 17.5 percent, average of around 22 percent
➢ Reduction in Transmission losses from 4% to 3.8%. this led to cost of 14.1MGS
➢ Reduction in Provision for uncollectible from 5% to 2%. This led to cost savings of 64.5MGS.
➢ Gas price reduction from USD 8.8424/MMBtu to USD 7.29/MMBtu.
➢ Increase in usage of natural gas for electricity generation.
➢ Prudent and efficient analyses of cost submitted by the utilities.

In 2019 there was an increase in electricity prices of 11 percent and 5.6 percent which represent 16.6% When you take the total cumulative increase on average, as I said between 2017 and today, you have a cumulative decrease of about 5 percent.

Other sector will follow soon

My suggestion looking at both performance in respective year’s Npp government led by Nana Addo has been better managers of Ghana than ndc government led by John mahama, what at all is Mahama’s coming to do again? Your guess is as good as mine.

4more4nana

Other sector will follow soon.

Kwasi Owusu Frimpong
CoHK TESCON Veep writes

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