Download PDF - Institute of Economic Affairs Ghana
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HIV/AIDS. Indeed, about a week ago Dr. Asare, the Chief Psychiatrist<br />
at the Mental Hospital gave an interview to the VOA in which he talked<br />
about the monumental levels to which drug use has reached in our country.<br />
And indeed, he also went on to talk about his concern about the effects <strong>of</strong><br />
drug use on our human resource base. Atta Mills’ government will cooperate<br />
with the appropriate agencies, both local and foreign, to stamp out the<br />
drug trade. As I said not too long ago, Atta Mills will not allow the drug<br />
barons to make <strong>Ghana</strong> a subsidiary <strong>of</strong> their activities. <strong>Ghana</strong> is a signatory<br />
to the UN laws on narcotics control especially the part that deals with seizure<br />
and forfeiture <strong>of</strong> assets <strong>of</strong> those convicted <strong>of</strong> dealing in narcotics. We<br />
shall faithfully and diligently follow our obligations, honour our obligations<br />
under these laws. And I can assure you that Atta Mills will be in no<br />
hurry to arrange for the exchange <strong>of</strong> these prisoners or their transfers from<br />
foreign jails where they are justifiably languishing in <strong>Ghana</strong>ian prisons.<br />
Distinguished ladies and gentlemen, I am sure you will want to have an<br />
idea as to some <strong>of</strong> the initiatives that we want to take when it comes to<br />
the economy, which obviously is what the whole thing is about. We will<br />
adopt a set <strong>of</strong> policies, which will ensure high economic growth. We will<br />
do this by anchoring it in an increase in domestic savings to support a high<br />
volume <strong>of</strong> investment in infrastructure. Our emphasis on infrastructure<br />
is deliberate. By so doing we will be facilitating industrial development,<br />
which will enable us to create jobs for our people. We will not be unmindful<br />
<strong>of</strong> the need to have macroeconomic stability. But we are not going to<br />
have macroeconomic stability for its own sake. We will want an environment<br />
that gives us the fiscal space to invest meaningfully in agriculture, in<br />
education, in housing, in health, among others.<br />
We shall also review the exemption scheme under our tax laws and also<br />
put in place measures that will enhance revenue collection. But ladies and<br />
gentlemen, we will also not hesitate in cutting out extravagance, filth and<br />
pr<strong>of</strong>ligate expenditure in government.<br />
Now when it comes to agriculture, that, as I said, is going to be the backbone.<br />
A nation that cannot feed itself is a nation in distress. We have a<br />
situation where the average <strong>Ghana</strong>ian spends almost 70% <strong>of</strong> his income on<br />
food. Now with the rising prices he may be spending 80% <strong>of</strong> his income<br />
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