ABOUT OUR BRANCH

NPP UK

The New Patriotic Party’s policy is to liberate the energies of the people for the growth of a property-owning democracy in this land, with right to life, freedom and justice, as the principles to which the Government and laws of the land should be dedicated in order specifically to enrich life, property and liberty of each and every citizen

Hi,
My Name is
Kingsley Adumattah Agyapong

Bawumia

Outlines 100+ achievements of The NPP Goverment

In the last couple of years, the whole world has been hit mainly by two major external forces and Ghana has been no exception. The Covid-19 pandemic affected global supply chains and the response put a burden on public finances. The war between Russia and Ukraine hit fertilizer and grain prices, among others, and increased the prices of commodities back home. Inflation, exchange rate depreciation and debt levels globally hit a 40 year high as countries scrambled to cope with the impact on lives and livelihoods. In Ghana, inflation increased from 12.9% in December 2021 to 54% by December 2022 with an attendant depreciation of the Ghana cedi by 30% in 2022.

These crises (COVID and Russia-Ukraine) came at atime when we were yet to fully recover from some major challenges we inherited. In particular, we inherited excess energy capacity payments resulting from power purchase agreements entered into by the previous government. I said last year, and the World Bank has also recently pointed out the reckless nature and the catastrophic implications of these contracts. Under these PPAs we have been required to pay some $1 billion annually for power we didnot consume over thelast six years.