COMPARATIVE ANALYSIS – 2017 to 2024

  1. Ghana can boast of Gross International reserves of almost eight billion United States dollars ($8 billion). This is more than the six-point-two-billion United States dollars ($6.2 billion) inherited in 2017. 
  2. The National Health Insurance Scheme at one point before this administration came into office appeared to be reverting to the days of “cash and carry”. In a significant turnaround, the number of subscribers has risen from ten-point-six-million (10.6 million) in 2016 to seventeen-point-nine million (17.9 million) at the end of 2023, with the renewal of subscriptions being facilitated by a tap on the mobile phone, and the scope of the Scheme being broadened to include treatment for sickle cell disease, kidney dialysis and childhood cancers.
  3. Economic growth has also returned to the pre-COVID trajectory, with an impressive growth rate, rising from four-point-eight-percent (4.8%) in the first quarter of 2024; to seven percent (7%) in the second quarter and seven-point-two percent (7.2%) in the third quarter. It is projected that this year’s growth rate will be six-point-three-percent (6.3%), significantly higher than the three-point-four percent (3.4%) this administration inherited in 2017.
  4. The current account balance improved significantly to a surplus of two-point six percent (2.6%) of GDP in the first nine months of the year, compared to a deficit of six-point six percent (6.6%) of GDP in 2016.
  5. Further, the trade balance has improved and stands at a surplus of three point eight five billion US dollars ($3.85 billion), compared with a deficit of one point eight billion US dollars ($1.8 billion) in 2016.
  6. Budgetary support for accountability institutions witnessed unprecedented increases. For instance, from 2017 to 2023, CHRAJ’s budget increased by ninety-nine percent (99%), Parliament’s by one hundred percent (100%), the Office of the Attorney General by one hundred and sixty-two percent (162%), the Audit Service by two hundred and fifty-eight percent (258%), and the Police by two hundred and seventy-four percent (274%).
  7. Through the distribution of over 2.7 million bags of fertilizers and improved seedlings, crop yields increased and enhanced food security. For example, maize production increased by one hundred and ten percent (110%), rice by forty-eight percent (48%), and soybean by one hundred and fifty percent (150%) between 2017 and 2023.
  8. The establishment of warehouse facilities under the One District, One Warehouse initiative has also helped reduce post-harvest losses by thirty percent (30%). The net effect of these policies is that our agricultural GDP growth rate rose significantly from two-point seven percent (2.7%) in 2016 to an average of five-point-seven percent (5.7%) in 2023.
  9. Our cocoa sector has witnessed remarkable improvements, with productivity increasing from an average of four hundred and fifty kilogrammes (450kg) per hectare to eight hundred kilogrammes (800kg) per hectare, making Ghana a leader in sustainable cocoa production.
  10. Ghana has made significant progress in expanding electricity access, with electricity access rate increased to eighty-eight-point-eight five percent (88.85%), up from the 79.3% inherited.
  11. It is worth emphasizing that this administration inherited a nation plagued by ‘dumsor’, but it is very happy to say that this term comes to an end in 2025 with the lights on.
  12. From the establishment of National Entrepreneurship and Innovations Programme (NEIP) in 2017 with a ten million United States dollar ($10 million) seed fund to the transformative Greenhouse Estate Project and Entrepreneurship and Innovation Centre in 2020, fifteen thousand (15,000) startups have been supported, two hundred and fifty thousand (250,000) young entrepreneurs have been trained, and over one hundred thousand (100,000) jobs created.
  13. Some five-point-seven million (5.7 million) young people have gained access to secondary education, who would otherwise not have the opportunity, but for Free SHS and Free TVET.
    • Only fifty-one-point six percent (51.6%) of candidates achieved A1-C6 in English in 2016, compared to a much higher sixty-nine point five two percent (69.52%) in 2024.
    • For Integrated Science, the pass rate improved from forty-eight point three-five percent (48.35%) in 2016 to fifty-eight point seven-seven percent (58.77%) in 2024.
    • The most progress was in Mathematics, rising from a mere thirty-three-point one-two percent (33.12%) pass rate in 2016 to an impressive sixty-six point eight-six percent (66.86%) in 2024.
    • Social Studies followed a similar trend, improving from fifty-four point five-five percent (54.55%) in 2016 to seventy-one point five-three percent (71.53%) in 2024

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