ECONOMY & COMMERCE – “Sika Ye Mogya”THE GHANAIAN AGENDA

Introduction

The aim of The Gane Government (TGG) with regards to the managementof the Ghanaian Economy, is very clear and very intentional. To solvecurrent problems and establish a set of systemic base frameworks thatensure that we achieve and continue to achieve prosperity for all ourcitizens. Under the Gane Government, our economy must be “the one inwhich we all prospered.” Our focus will be on the following:

Drive policies to invest in individuals and industries to grow their productive capabilities;

Improve Domestic capital retention and Foreign Investment inflows into Ghana;

Invest in Flexibility and quality of Human Capital with variety and complexity;

Create Export opportunities and expand supply chains for Ghanaian individuals and businesses;

Eliminate Political vindictiveness and corruption in business operations starting from the Public Sector;

Bring certainty and trust, to the Government's economic policy implementation

Ghana has ENOUGH, which if managed well and selflessly, will allow every citizento live a decent, happy and prosperous life.

TO BUILD AN AGGRESSIVELY PROGRESSIVE ECONOMY WHERE ALL, NOT FEW, PROSPER

BackgroundGhana’s economy has for the past 60+ years, been vulnerable from an overdependence onAgriculture and extractive resources, worsened by the fact that commodity markets outside ourscope, determine prices and effectively our international trading balances, considering also ourlarge imports. We have been unable to comprehensively develop complex production knowledgeto grow industries around our resources and hence, our reliance overall vulnerability. Thiscombination of a heavy resource base, a comparatively weak productivity base, overreliance onimports, and capital flights from external investors reflect in our highly unstable exchange rates,further resulting in business uncertainties.

Policy HarmonisationThis Policy area is directly linked to policies on Employment, Institutional Reforms, and Education.

Direct Driving Forces• Investing in Our Prosperity

Key Domestic & Global PartnershipsInternational convergence organisations (e.g. ADB, UN SDGs, AU, WB, IMF, ECOWAS etc)

There are also other structural and political issues which form the basis for our current macro andmicro economic dispositions as follows: Uncontrolled public expenditure year after year;Weak Revenue mobilisation caused by a narrow taxation base, complexity of some areas of taxsuch as transfer-pricing, political discretions in tax exemptions, weak data systems on citizenryeconomic activities and high levels of corruption (our unexploited tax potential is an extra 5% ofGDP);Huge public wage bills not matched over the years by extensive growth in public sectorproductivity;Extensive debts (we have on average issued 1 external bond every year since 2013)

Continue structural reforms and develop new non-resource economies in Tourism & TechnologyReview and Cut down excessive Government expenditure in non-value-adding categories; Encourage the growth of Entrepreneurs, Innovation, Research and Gender parity in the economy;Grow confidence in Financial Sector to both the Informal and formal sectors of the economy Cut down on debt accumulation, improve borrowing rates further Monetize indiscipline, expand the tax net to capture every aspect of the economy.

POLICY INTERVENTIONS #1:Agendas to Transform the Economy & CommerceThe focus of our Economic policies as detailed underthe various headings below is primarily to drawGovernment largely out of the business of beingin business itself, and into the policy andstrategic sphere of creating robust and openenvironments for ALL businesses to grow andprosper. It is businesses who grow the economy,it is businesses who generate employment andit is the business of the government tosupport them make it happen. Keyoverarching policies we seek to deliverto make these happen and tominimise corruption and uncertaintieswithin the public-private collaborationare as follows:

1. Review the indiscriminate and discretionary political use of Tax exemptions and to define morestricter and fairer (across-board) criteria for their application henceforth, while also focusing on simplifying the entire spectrum of Ghana taxes and eliminating their current complexities;

2. Aggressively cut back on non-value-adding public sector recurrent expenditures, unnecessaryspending and slow down the accumulation of public debts – both centrally and ancillary;

3. To support growth in indigenous local economies as well as support the large-scale indigenouscommercialisation of currently fragmented industries such as agricultural cultivation, food pro-cessing, technology, tourism, mining and Global Value Chain operations (focusing on those in which Ghana has competitive advantage);

4. We will, as per other manifesto areas, focus on the selection and delivery of Infrastructure thatare purely “productivity-enhancing” and not mere infrastructure for political expediencies. We will institutionalise an infrastructure selection process to ensure that going forward, infrastructures selection and execution is driven by long term positioning and value;

5. We’ll seek to separate (statutorily if possible), the Independent Fiduciary and Strategic Pru-dential duties of the Bank of Ghana to improve further confidence and transparency in the Financial Sectors of Ghana

6. We’ll revive more aggressive trade offices in Specific countries with Ghanaian Embassies withspecific performance measures to drive specific trades to Ghana;

7. TGG will ensure that Ghana as a sovereign country re-commences the building of its Gold

POLICY INTERVENTIONS #2:Investing in People to Develop World Class EntrepreneursSchool Curriculum Ex-School Curriculum Bi-Annual Entrepreneurs Conference Codathalon Coaching Clinics

School CurriculumAs part of TGG’s long-term agenda to plug ou future generation into the next global economyand not be left behind, we’ll develop and roll outa standardised, progressive, fun & compulsorycurriculum in basic computer programming forJHS and SHS. To commence after modalitieshave been ironed out, for expedited training ofnew teachers or from leveraging private sectorcoders to deliver training. No exams will berequired for these deliveries

reserve as a way of ensuring a buffer exists to be used as an emergency currency prop or as an emergency backstop;

8. In the last 2 decades, Policy Rates Vrs Borrowing Rates have continued to remain far apart.The result is that the private business sector remains regionally and globally uncompetitive. We will deploy prudential and fiduciary leverages to enforce Policy-Borrowing rate gaps to not more than 3-5% and fully enforce the use of credit ratings and creditworthiness in the issuance of commercial credit;

9. Several Governments over the past have initiated several parallel Employment schemes mostof which fail to show value addition to our youth – TGG will consolidate all into a single Scheme to be the vehicle for our revolutionary programmes;

10. To minimize public sector bureaucracy by digitizing currently existing silo administrative proce-dures and make public departments begin to “talk to each other” so that support to business sector can be less cumbersome;

11. TGG will initiate a new standard Fraud, Bribery and Corruption policy to be adopted by ALLregistered companies and Public institutions with implications extending to business done by Ghana-based organisations abroad. We’ll, in consultation with the best legal and constitutional minds, seek to review and increase the penal measures for all forms of Fraud, Bribery and Cor-ruption in the Public and private sectors;

12. For micro, small and medium sized businesses resident and carrying out 100% of theirvalue-adding operations outside the Greater Accra region, TGG will incentivize financial institu-tions willing to lend to these hinterland businesses at rates between zero and national policy rates – with corporate tax exemptions if such Hinterland Loans makes up 50% or more of their operational portfolio.

POLICY INTERVENTIONS #3:Systemic Infrastructure & Frameworks for Economic Productivity

Ex-School CurriculumWe'll develop a standardized 2-tier Entrepreneurship curriculum focused on (i) Practical Business skills (including domestic and international operations, pricing, marketing, personnel, etc)(ii) Innovation & Design To be delivered FREE on University campuses and Secondary Schools either scheduled individually or asschool clusters

Bi-Annual Entrepreneurs Conference Two Entrepreneur conferences annually - one in South, one in Northern Ghana. One covering Ghana &Africa, the other covering Ghana & Global. Aim of these conferences is to expose young GhanaianEntrepreneurs to learning from others and grow their confidence by they also showcasing to the world. Runby youth, for youth

Codathalon Coaching Clinics TGG will collaborate with Ghanaian, African and Internationally accomplished Tech-entrepreneurs and private enterprises for Bi-Annual coaching clinics in Coding, VC Funding and Tech Business growth over 2 regions(north and South) every year - to help improve the successes of our young Tech entrepreneurs andadditionally encourage collaborations.

Land Use & AdministrationThe problems around land, its acquisition and leveraging its economicvalue in Ghana is such that land’s real value readily gets compromisedby its inconveniences. Apart from committing to invest in a robust landrecording and data management, we outline key policy agendas totransform and simplify the land economy in our Manifesto onInfrastructure.

The Liberty ID Project (LID)This will be in every respect one of the most economicallyliberating agendas in Ghana’s 4th Republic. For that reason we call it the “The Liberty ID Project” – we believe it is theboldest attempt by any Government in this republic, toplug us deeply into the digital era, inspire data-drivenpolicy making and offer Ghanaians a platform for bold,authentic commerce. We will build a Centralised Citizen ID system on the current National ID drive combined with an addressing system, but with the key featuresbeing (i) A central database containing all key citizen data necessary for administering a physically safe,socially inclusive and economically progressive society (ii) It shall hold Biometric, Fixed & Variable Biodata,Public institutional records and Residential GIS Address combined (iii) It shall have proprietary institutionaldata update rights – meaning that only certain Public Institutions and ranks will be able to update or access certain records and that each will have a unique update signature to support data-trail-tracking e.g. only aMoH related institution can enter birth and death data, only the courts can enter details of any judgement,etc (iv) It will be issued with Cards and a Unique ID / Citizen number which becomes usable for all publicservice transactions and interactions – the era of having multiple IDs will be over. The police should be ableto read a driver’s ID and see any driving penalties, expired road worthiness and insurances, etc. We have nodoubt, its implementation will improve security, commerce, accountability, law and order and data-drivenpolicy making.

Economic Data Centre (EDC)To systematize transparency and consistency in budgeting, and othermacro and micro analysis across all MMDAs and Private Sector, we willinstitute an Independent Economic Estimation, Forecasting and ModellingUnit to be called the “Economic Data Centre” (EDC) – It will be constitutedof the best economic research and modelling staff from universities, CSOs,International Agencies (optional) and Private Sector. The centre shall takeresponsibility for researching and producing a determined portfolio ofeconomic estimates, forecasts and models that can be used by publicand private sectors for planning. Its biggest mandate will be to be theissuer of economic data set with the highest integrity;

Economic Hotbeds Programme (EHP)The EHP is an investment of $500k - $1Million each to a specific economic sect of each region. It is Not aOne-Off investment, however, it shall occur in cycles every 5 years and spearheaded by each regional ormetropolitan Administration. The EHP identifies already evolved(ing) but underdeveloped economic hubsin every region during every 5-year funding cycle – (e.g. Osu’s 24hr Life Hub, Kumasi’s Fabrication Magazine,Bolgatanga Maize Trailer markets into Burkina Faso) – engage local business operators to determine whatstrategic investments which if implemented could double or simply improve their economic activities and toplan and implement same (e.g. Osu’s 24hr Life Hub could further grow economically with an excellent butcheap vehicle parking, paved alleys & streets and some good drainage within its active radius, likewise couldBolga maize trading Hub could benefit from well-constructed cargo-holding, cargo-loading, and truck-repairbays within the current mile radius.

Gender Equalisation FundWe recognize the existential gender gap in decision making roles across Public and Private Enterprises. Wealso recognise the reality from several research bodies like WEF, WB and McKinsey, that efforts to integratemore women into industry and leadership can improve our GDP (relates to all Sub-Saharan countries) by ahuge 12%. TGG will be instituting a Gender Equalisation Fund (GEF) which will make available at least GhS

Platform for the Gig EconomyTGG recognises the changing phases of work and how younger generations are continue to engage theeconomy – it’s a Gig Economy. We are obligated to create the environment for them to partake in theoverall economy – but differently. We will therefore, with extreme private sector collaboration, sponsorthe development of 5 combined Gig and Ecommerce platforms to allow young people with Knowledge-based Skills to deliver same to the industries in the wider Ghanaian and Global economies. We believethese platforms will not put young people and middle class to work – BUT will also help give structure totheir “Side Hustle”. To Industry and Entrepreneurs – it offers phenomenal exposure to endless variety ofskillsets at very competitive process. The economy will also offer current employees, the opportunity touse their spare times productively. We envisage a total rise in currently dormant productivity.

4,800,000 available annually starting from 2023 to cater for 16 of the topwomen students from tertiary institutions in each region (i.e. GhS300,000per student). The GEF will have the following key features (i) 16 FemaleStudents will be selected from top 3 female students each from eachregion (ii) The 16 selected will be accepted on an annual GEF ResidentialCohort over an 9-12 month period in lieu of their National Servicerequirement (iii) Their regiment will involve a carefully designed curriculum(with national and international inputs) to intensely cover strategic andpractical management in 3 modules on organisations-3mths,entrepreneurship-3mths and political-3mths. (iv) The programme oncompletion shall lead to an affiliate Masters qualification to be decided.

Corporate Ease of Business ProjectWe take the ease of doing business seriously in Ghana. We believeit is one of the first few steps in expanding the economy and sustaining growth. We will seek to make one of the biggestchanges to support new and existing businesses where theprivate-public business administration interface is concerned.

(i) TGG will explore the practical possibility of synchronising Bio Data ofregistered companies, so that each company, duly registered has thesame ID applicable to their Company House, GRA and SSNIT dealings. The current separate data silos isn’thelping compliance

(ii) TGG plans to (in partnership with private sector), explore an integrated online business administrationplatform that allows

(a) New entities to be registered as companies from start to finish online and issued their unique ID that isapplicable useful for SSNIT and GRA too

(b) Each registered company thus has an individual portal from which to be able to enter/file its statutoryrecords such as

payroll, VAT, records, Annual Financial Accounts, etc with only computations of total dues and only paymentcapabilities

(c) And sections for Social And Tax audit results by SSNIT and GRA respectively

(d) and where necessary mechanism for information dissemination between these public bodies and theprivate sector.

A key element of this system we believe is its ability to make secondary data available to say GRA & SSNIof companies receiving incomes but not settling tax or social insurance obligations – producing a more equitable, responsible and inclusive business administration environment. The system will also deliver moreuseful data (e.g. actual number of employments/jobs), for both private and public sector decision making.

Capital Investment Management Centre (CIMC)TGG, in solving the problem of systemic loss of value on capital investments from corruption, lack of projectmanagement expertise at MMDAs and implementation inefficiency (especially infrastructural) across thecountry will establish a “Capital Investment Management Centre” (CIMC) – complete with highly professionaland experienced Project Management staff and operational guidelines, with the sole aim of taking over allpublic sector capital Investments implementation of GhS 3,000,000 and above in value. Once projectobjectives and funding have been secured, the CIMC will take over planning their execution, managingsupplier bids and contracting, supervising their technical delivery, monitoring and quality control, and whenprojects have been completed, the Assets are handed back over to the respective Ministry or Governmentagency.

Over every 4 years we hope to produce at least 64 young women with Highly Skilled Management expertisein 3 core fields absorbable into public or private sectors. Combined with our agenda to adopt theConstitutional Review recommendation for 30% women in Public Employment at all levels – we hope to bethe first government to intentionally set a path to bridge gender parity gaps in our society.

POLICY INTERVENTIONS #4: Taxation, Raising Money byGovernment & DecentralisationOne of the KEY priorities we have under taxationfor Ghana is to SIMPLIFY the tax system– administration, rates, collection anddistribution. We believe it will not only maketaxation more efficient but also attractive. It is in this regard that we propose the followingcommitments:

a) We will consolidate VAT, NHIL and GETFL into asingle VAT rate, applied at 15% flat – the share of these collected revenue will still remain the same and split accordingly between VAT, NHIL and GETFL.In the same vein, we aim to carry out a comprehensive review of the many taxes that are applied on imports into a Single Consolidated ImportTax – again, with proportions of distribution of Revenues collected remaining the same.

b) We will NOT reintroduce the payment of 2% Special Import Levy – after it has run its currentextension by March 2024;c) TGG will introduce a new 25% tax called the “Domestic Agric Market Tax” DAM-Tax on all agri-cultural-based products and inputs that are or can be adequately served by the domestic supply chains. This will take effect from 2022 and will include a comprehensive list of items to attract such tax every 3 years with regular updates to the schedule where crucially necessary;d) We are committed to deploying an improved all-encompassing property tax (PT) regime forall commercial and domestic properties with far-reaching features including (i) Digital Receipts that match properties with their PT payment status, (ii) Linking PT Status of individuals’ with citizen ID data and their access to all public services. We are confident, that a thorough imple-mentation of Property Taxation should improve Government tax revenue by 15% from 2023;e) It has become a known fact that our Tax Exemption regime has for many years been hugelypolitically subjective and erratic. To sanitize this process, improve tax revenue and remove all discretionary uncertainty in the business sector, we will push for the passing of the Tax Exemp-tions Bill into law, if it hasn’t been passed by December 2020. TGG will review all discretionary and statutory tax exemptions and holidays that do not relate specifically to exports or that have not resulted in improved export trade as they were originally intended;f) Another area of complex revenue loss for Ghana, is in Transfer Pricing for Large MNCs(Multi-National Corporations). In line with OECD countries’ agenda to deal with the same – (i) TGG commits to forming alliances with Top 10 countries globally, whose MNCs operate in Ghana to share their “Country by Country '' fiscal Data where these MNCs are concerned. (ii) We will also form collaborations between GRA and Selected Private Firms to deliver Transfer Pricing Audits on these MNCs once every 2 years. g) TGG is committed to supporting GRA, GSA and CEPS to become more efficient and for whichreason we will deliver specific changes including (i) We will recruit internally and externally, train, equip and revamp the GRA’s current Tax Audit Units and CEPS & GSA’s monitoring teams. We aim to make them leaner and more efficient. (ii) Ruthlessly find, investigate and punish business-people as well as personnel at GRA, GSA, and CEPS of corrupt and underhand practices. (iii) TGG will review current GRA’s Tax administration software such as ITaPs with the aim to explore (a) Linking corporate tax-filing data to Registrar of Companies’ annual filing-database (b) Linking Personal tax-filing data, to Citizen ID databases

h) TGG will implement a series of creative 2-tier mechanisms for generating municipal income,while also monetizing indiscipline or minimising social, health, productivity or economic risks to the larger Ghanaian citizenry. We are moving into an era in which citizens will have a choice between being law abiding and paying a price for indiscipline. The first line of introductory revenue streams will include:

Congestion fees: On the successful implementation of a central transport system for Central Business Districts of Key regional cities – we will introduce congestion charges to minimize the use of private vehicles in areas serviced by centralised transport. The peripherals of each Business district shall have FREE secure public parking;

Holding Fees: Indiscriminate parking in unauthorised areas shall be henceforth prohibited in order to bring sanity to city streets across Ghana. In conjunction with private operators, vehicles illegally parked shall be towed away, held for 30 days and disposed if not collected;

Traffic Penalties On The Spot: Our MTTU unit of the Ghana Police will be equipped with Special devices to ensure just scanning a car registration number will deliver results to them on whether a vehicle is duly registered, licensed, insured and roadworthy etc – This will not only improve safety but urban revenue. The system will also first require a synchronisation of insurance, regis-tration and roadworthiness data and will help track false issuances of roadworthy passes as well as guarantee fines are collected through secure momo mechanisms instead of as bribes. The image of our police will also be restored in the process;

Pollution Levies: We’ll introduce random excess pollution emission checks and on-the-spot fines. Deaths from carcinogenic related sources are on the increase in Ghana and citizens need to be protected. The introduction of the levies will also inspire discipline from drivers who expose others to road pollution unduly.

i) Within a period of 4 years, we guarantee that 80% of all payment interfaces with Governmentwill be digital and that the Income - Receipt (payment) portals across Government agencies are synchronised with ongoing Government’s Treasury Single Account systems, to improve cash flow management;j) TGG commits to a 3-Region Pilot programme to improve regional Financial Decentralisationand to champion the need for development to be spearheaded beyond just Political and Admin-istrative decentralisation. The Pilot, shall commence with the appropriate recruitment and appointment of highly experienced town management professionals, an extensive regional and district planning process, the design and implementation of region-specific income generation strategies, their execution, with focus on improved service delivery in the areas of Town planning, Road Networks, Youth & Educational Infrastructure, local business and the development of 3 Key local economies with a related Investor Framework that aligns with the region’s top 3 compara-tive advantagesk) TGG is committed to ensuring that in the first 6 months of coming into office, we review ALLexisting structures, procedures and systemic gaps (intentional or otherwise) around the compu-tations, collection and accounting for ALL royalties RE Ghana’s natural resource leases and to drastically plug ALL resource leakages to the state, whether erroneous or intentional until now. Where political discretions have been previously applied to the detriment of the state, formal procedures will be applied to make due corrections.

In the last 30 years, we have solved the problems ofexcessive public administrative expenditure by eitherborrowing more or raising taxes and general prices.The monster in the room has largely beenignored – we won’t. We thus propose thefollowing agenda to build up public funds for morestrategic development:

a) We commit to cutting down the size of and strictly operate a lean Government, with no morethan 40 substantive ministers and deputies, each entitled to only ONE official vehicle;

b) We need a Public sector that is reasonably lean, technically sound, well-paid and efficien-cy-driven. We shall carry out competency reviews, develop public sector workers that need to be developed, ensure staff have performance measures to strictly adhere to; and remove political interference from the work of public sector bodies legally mandated to recruit the best the country has to offer;

c) Over the course of 5years, the Gane Government (TGG) commits to progressively reviewpublic sector wages and salaries to reflect living standards and by so doing – progressively STOP the provision of public accommodation except for the Army, Police. Over the same period – we are committed to, in partnership with the private sector, develop Affordable housing packages that public sector works will have first right of rental and buying to. In our efforts to comprehen-sively deal with the Public sector wage bill that is crippling development spending – we intend to carry out a Human Capital Audit, matching roles and competencies, identifying duplicity if any and wiping out ghost names of Public staff rolls;

d) TGG will introduce a compulsory public expenditure model that MUST be applied at all Publicsector levels to guarantee that every Public spending above 500,000 GhS receives Strategic, Financial, Social, Commercial and Managerial justification – It is one of our key approaches to ensuring the systemic internalisation of Value for Money, in the spending of Public funds. The framework for this has already been drawn.

e) TGG is committed to strategically reducing recurring public sector expenditure, reportingaccountably and transparently, so that space can be created for more strategic capital spend-ing. The following structural and operational changes will be executed immediately and with full aggression:

• Full-extent deployment of GIFMIS, TSAs and BOOST across ALL MMDAs by 2024;

• To implement 10% Efficiency expenditure reforms in 2021. Ministries across board will be

required to deliver a 10% recurring expenditure reduction on their prior year budgets accompa-nied with a plan of innovative mechanisms to retain the quality of public services;

• TGG aims to set up an “Efficiency Savings for Debt Fund” (ESFDF) – into which all efficiencysavings across all MMDAs will be channelled for the sole purpose of servicing Ghana’s short-term debts (local and foreign)

INTERVENTION #6: Key Targeted Industrialisation Drives

• TGG will implement a 3-year freeze on all vehicle procurement, 1 year semi-freeze on all exter-nal travel; 1 year freeze on all promotions at Director level and above and recruitment at all levels;

• We commit to a special IRAD-Audit to Identify, Recover, Assign or Dispose all state-ownedassets illegally held by non-state-employed persons;

f) As a mechanism to control non-centralised borrowing and exposure of Governments to back-door debts by MMDAs and other SoEs – we shall seek to enact a fiscal regulation that strictly limits the sub-central borrowing by all SoEs and MMDA arms of Government to a percentage of their average 5-year prior incomes as well as the conditions and criteria for same;

g) Per our commitment to controlling non-production (non-capital) borrowing, TGG commits toensuring that in 5 years, the worst state of our Budgets Balances will be ZERO. We will strive to from year 6, deliver Positive Budget Balances

For long, we have, as a country, misinterpreted the entire concept of industrialisation to simplymean – building and operating factories. We see it differently. Our focus on industrialisation will beto promote activities, enterprises and systems no matter how big or small, that improve efficiencyat all levels (the way we work), that evolve new economies (economic diversification, not onlymanufacturing) and that add value to our resources (manufacturing and global value chains). As aresult, we’ll aggressively explore 4 key areas:

1. The Knowledge Economy: The world has gone digital and we are behind it in terms of ouraccess (beyond mobile phones), innovation and or building an economy out of it. We arecommitted to change that. The first line to that Revolution is to ensure that ss many Ghanaiansas possible, have access to the Internet and a Computer. We’ll seek Global Value ChainPartnerships for very cheap manufacture or supply of computers/laptops in Ghana. The aim?

Every Household in Ghana (about 4.5 million) will own a computer/laptop and cheap WiFi by 2024.This will hugely liberate creativity and technology competencies in not less than 50% of ourpopulation. Combined with other infrastructural policies and learning goals in schools such asFree Coding Clubs in Secondary Schools and collaborations with Telcos, – we’ll be creating amultiplier effect for spearheading a new knowledge economy and a Techno-aware workforce.We intend to also focus aggressively, as per other related policies – on giving funding and domesticdemand support to Domestic Technology Companies with globally competitive products and orservices. All this will lead to the evolution of a new knowledge industry (economy) that we arebehind on.

2. As per our Agricultural Agenda, Agricultural Value Adding enterprises will be supported in theareas of Industrial Scale Growing (huge employment in growing rice, wheat, mangoes etc), FoodProcessing (milling for domestics and exports, vegetable supply chains to external markets, cocoa-based finished products), Agro-chemicals production (integrated with sanitation and chemicalimport reduction) and Agro-Technologies (All technologies & research that guarantee we get moreout of our agric sector). Considering the Agric Sector employs more than 40% of our workingpopulation, we are confident our investments in this sector will also serve proper distribution ofwealth.

3. Tourism is usually not seen as a mainstream industry – it is and with tremendous potential. It is alow-hanging and yet hugely unexplored industry that can be scaled very quickly to offer economicdiversity to Ghana. We intend to strategically combine tourism with our Arts to build a robust,economically vibrant and externally least market-fluctuating industry. It is an industry that wetotally believe will generate sizeable direct and passive income for many Ghanaians – it is for thisthat we also take our Infrastructure Agenda very seriously.

4. Although attempted several times in the past without much success, it is a key strategic agendaof TGG that we will partner, support and back 4 indigenous companies in mining (2) and petroleumrefining (2). The aim is to support their growth into becoming domestic and international successes,at least in the sub region, while equally ensuring that Ghana improve its Domestic CapitalMobilisation.

5. Industrially, TGG will see to the launching of a “Household Industry Policy” (HIP) – The HIP is avery fundamental policy to offtake Ghana’s Industrial drive and involves the following:i. Identify with stakeholders, the Top 10 each most basic and recurrent Household, Educational,Health and Agricultural consumable products in Ghana; ii. Identify existing industrial companies in Ghana with capabilities to manufacture a cluster of themand also new indigenous companies with potential capabilities to do same;iii. Offer a limited number of companies with cluster-capabilities a choice between (a) non-taxationon all domestic sales of items that fall under this list but taxes on revenues generated from exportsand (b) concessionary rated loans to commence (or continue) mass production of these productclusters for domestic use;iv. These listed products automatically form part of the supplier sources for all Public agencies;v. These listed products automatically form part of the listed product to attract the special“Domestic Industry Substitution Tax” (DIS-tax);vi. We will consider the set up of a Domestic Consumables Industrial complex/hub to supportintra-industrial dependencies and advantages.

6. TGG will proactively seek at least 2 Global business partnerships especially with Global ValueChain companies and at least 2 Technology companies of the future to explore and establish/expand production nodes in Ghana in the areas of Pharmaceuticals, Semiconductor-relatedproducts and Machine Assembly and robotics.

INTERVENTION #7: Investing in Our Future Economy Growthand Productive Complexity

No ONE country has all the knowledge it needs. Complexity of knowledge is what drives creativity andinnovation, which in effect, also drives – expansion of new old economies and creation of new ones.As a country, we will be forward-looking by recognizing and creating these future ecosystems. It isthe only way we can continue to expand economically. And we intend to do so by implementing 3proprietary strategies:

#1 Tech Haven: TWe shall, (subject to regional consultations) secure a land enclave, that

straddles the borders joining the Ahafo, Western North, Ashanti, Central and Western

Regions into a specially designated “Tech Haven” (akin to a Tax Haven). (i) it will be a

Nationally planned but privately built settlement (ii) where no physically establishedproperty/company will attract tax as long as they are at least 50% Ghanaian owned or employed

(iii) where only companies specialising in Software, Cyber Security, Biotechnology & Semiconductors

will occupy and pay no corporate Taxes and (iv) where external companies relocating to the haven

must be investing anything from $500,000 minimum to $1,000,000 maximum in investments (or

STEM graduates with exceptional innovations/inventions prototypes or plans, as judged by Ghana’s

Ministry responsible for Science & Technology), accept Ghanaian dual citizenship as a Technology

Migrant and contribute 5% of annual turnovers to a combined CSR funding for adjoining regions

while domestic companies must be willing to invest GHS 50,000 – 100,000. We are confident this is

an innovative approach to killing 5 birds with one stone – forming regional cohesion, generating

economic activity, entrenching technological growth in Ghana, securing employment and capital and

finally, creating an environment for economic and technological cross-fertilizations.

Ambassadors’ Trade Show Every 3 years, we are committing to organise a proprietary

“Ambassadors’ Trade Show”. We believe the future and sustainability of our economy

depends on our continuing and new trading connections with the rest of the world. Th

Agenda is simple – to grow Ghanaian business trades with other countries. It will be

spearheaded by Ghana’s embassies around the world and will involve over every 3 years, our

diplomatic offices exploring within their countries, identifying businesses in those countries that could

benefit from Ghanaian products and services, establishing trade relationships with them and

uccessfully enrolling them to attend an Ambassadors’ Trade Show with one aim in mind – win new

deals for Ghanaian businesses and strengthen old ones.

#2

INTERVENTION #8: A National Development Plan StructureOver the years, Economic planning although heralded as being FOR development, has NOTbeen borne out of any long-term development agenda. We wish to change that status quoof systemic non-development. We’ll seek to merge Ghana’s Economic Planning with the Ghana National Development Planning Commission and the Ghana InfrastructureDevelopment Fund into an Integrated National Development & Planning Commission.

Entrepreneur Hubs on Campus: Government in collaboration with the private sector

and Student bodies will seek to build one Entrepreneur Hub on each Tertiary Institution

Campus, adopted by local companies, locals and alumni in the Diaspora and locals in

Business. They will be run by students for students but with focus on Bringing industryand academia closer together and students and students together too. The hub’s operations will

ensure Students are constantly in the know of what industry expects of them before they graduate;

what problems industries face around which students can carve entrepreneurial solutions as part

of their graduation assessments; a platform on which new skills that business owners have acquired

can be shared with students and of course vice versa – researches that students and faculties have

done, that can benefit businesses. We are confident this expands the employment opportunities for

graduating students beyond corporate employment. As part of ensuring continuing development – A

standardized, practical and short Entrepreneurship module will be developed for these hubs and

revised every 24 months. The Hubs will also be encouraged to build, explore and learn from other

external collaborations with other campuses and outside of Ghana – we need plugged-in, confident

first-time entrepreneurs;

#3

Africa Development Science, Arts & Technology Competition : Starting 2023 and

every 3 years after that, we commit to initiating the Africa Development Science,

Arts & Technology Competition with just 3 ultimate prize winners. The competition

will be opened to Africans (home and abroad) to propose a ground-breaking productor service they have built (or building but not yet commercial) which has the revolutionary

capacity to transform the lives of Africans or globally, positively. It shall involve 5 imminent judges

from across the globe (2 Africa, 1 Asia, 1 Europe, 1 Americas) and all 3 prizes will be $500,000

deliverable in 3 tranches – (i) $100,000 in Cash (ii) $200,000 towards establishing a home and

office in Ghana and (iii) $200,000 held in trust for direct settlement of professional and supplier

costs, towards commercialisation of the product or service. (iv) The GoG will set up an investment

vehicle to hold shares in these entry-level African businesses with global appeal;

#4

Intellectual Property Regiment : Innovation is what keeps an economy running well

into the future. We believe innovation that can get commercialised creates new

opportunities into the future. As part of our innovation continuity strategy, we have

indicated in our manifestos on other key sectors, the setting up of several research

#5

and development funds, hubs etc. What we will also do to strengthen the economic possibilities

of innovations and inventions becoming new economies is to strengthen our Intellectual Property

Regiment across the Arts, Science, technology and Humanities. We commit to (i) pushing for a

review of our IP laws to reflect global and domestic and regional changes [Copyright Act, 2005

(Act 690), the Patents Act, 2003 (Act 657), the Trademarks Act, 2004 (Act 664), the Industrial

Designs Act, 2003 (Act 660) and the Protection Against Unfair Competition Act, 2000 (Act 589)].

(ii) Setting up a modern standalone National Intellectual Property Bureau, fully functional by 2023,

staffed and run by the most technically competent staff. (iii) and as part of the responsibilities of

this office the global search, identification and purchase or FREE acquisition of frontier or

unrestricted IPs for use by our domestic Universities, science graduates and entrepreneurs.

The overall essence is to ensure that going forward, all aspects of Ghana

that reflect in sustaining our economy are planned in a manner that

focuses on 3 pillars:

(i) Long-Termism

(ii) National Interest and

(iii) Intra-Sectorial Coordination.

1. TGG will establish a standard Entrepreneur curriculum and FREE certificate training for persons

outside of educational system who wish to go entrepreneurship. The Bureau will organize quarterly

weekend sandwich sessions across all 16 regions once every year and retain an advisory service all

year round. The Bureau will also conduct funding assessments all year round. Certification will be

condition for any Government facility;

2. TGG will establish a Youth Innovation & Market Introduction Fund – totalling GhS 500,000,000 over

a 5 year period to support young entrepreneurs with products and services that have the potential

to do well on local, continental and global markets to be supported to establish, scale up and launch

into such markets.

3. TGG is committed to ensuring that 30% of Public Sector contracts go to small businesses and

entrepreneurs with operations of less than GHS 100,000 turnover;

INTERVENTION #9: Growing Entrepreneurs

IntegratedPlanning

Commision

DevelopmentPlanning

InfrastructurePlanning

TechnologyPlanning

Economic&

investmentPlanning

ACCOUNTABILITY 1: Key Performance Measures:

4. TGG will consolidate all available Youth and Employment schemes into a single Entrepreneur

Bureau;

5. TGG will establish FREE WiFi and Hot-Desk enclaves across regional capitals called Gig-Spots for

young people;

6. TGG with stakeholder consultations will establish the Top-10 Startup Rates (e.g. Company Regis-

tration Fees, Standards Board Certification, etc) and reduce them to 5% of commercial rates for

new Entrepreneurs.

7. All existing Tax exemptions for Entrepreneurs will be reviewed and retained where necessary.

Grow GDP by an average of 8% p.a. consistently from year 3 onwardsImprovement in the Ease of Doing Business rankings by 3 places by year 4Improve Business Lending interest rates to below 10-year averages by year 4A stable Cedi Exchange rate better than average depreciation over prior 10 yearsGrowth in 4-year-cycle average Tax revenue by 15% by end of year 4Reduction in Public Expenditure by at least 10% over pre-office 10-year average Using Independent Surveys, we hope to clock a 60% population consensus of a betteringeconomyAchieve a 3-point drop in the Global Corruption Perception Index within 4 years Independent Surveys – growth in non-politically-connected wealth

COST OF INTERVENTIONS The cost of engineering the above economic ecosystem, capable of ensuring business trust, macro and micro predictability and a continuous growth of our economy is GHS 10.6 Billion.

• Is the policy and its programmes being delivered as intended?• What has been the impact of the policy – positive, negative and net?• Are programme resources being used or deployed efficiently?• What changes are needed to sustain or improve policy initiatives?

ACCOUNTABILITY 2: Policy Evaluation ScheduleThe 1st policy evaluation will commence year 5 from assumption, covering new/existing policiesand answering: