Mr Speaker, I would want to contribute to the Motion that this Honourable House approves the financial
policy of the Government of Ghana for the year ending 31st December, 2019.
Mr Speaker, the primary occupation of any well-meaning Government is not propaganda, but rather the establishment of a sound and healthy economy. Support for this proposition may be found in article 36(1) and with your kind permission, I would like to quote:
“The State shall take all, necessary action to ensure that the national economy is managed in such a manner as to maximise the rate of economic development and to secure the maximum welfare, freedom and happiness of every person in Ghana and to provide adequate means of livelihood and suitable employment and public assistance to the needy.”
(2) The State shall, in particular, take all necessary steps to establish a sound and healthy economy whose underlying principles shall include -- …”
Mr Speaker, it is heart-breaking to hear that, with oil revenue of GH¢6.5 million between 2013 and 2016, the Mahama Government bequeathed to the Akufo- Addo Government a gargantuan and humongous certified arrears of GH¢5.4billion.
The GH¢5.4 billion does not include statutory payments which should go and help the National Health Insurance Service and even the District Assemblies' Common Fund.
Mr Speaker, one can imagine if these arrears were credit to the nation and invested in areas like health, agriculture, energy, and of course, my Ministry -- Ministry of Works and Housing. We do not need an economist to inform us about the cascading effect that such an
investment would have on the economy. It would be jobs, jobs and jobs - And obviously, poverty alleviation, which is one of the assignments of every government.
Mr Speaker, I wish to submit with due respect that without any shadow of doubt, President Akufo-Addo inherited from President Mahama a dangerously anaemic economy. I would want to repeat with due respect that facts are sacred, and with all my weaknesses, I would not want to joke with the economy of this country.
If we put propaganda aside, the facts are clear that the economy that President Akufo-Addo inherited from President Mahama was dangerously anaemic. It is the case. Is it not that it was during the Mills-Mahama rule that Ghana became an exporter of oil, and for four years, we exported US$13.7 billion and earned US$3 billion as revenue?
So within a short space of time - four years, because of what they inherited, they got three billion. With due respect, this largesse, President Kufuor never had and I am tempted to throw in some palace proverbs, with your permission, Mr Speaker: Se Onyame amfa ama wo na se wo ton iced water koraa, wo be bo ka. To wit, if you do not have the backing of heaven and you are given that small undertaking to even sell iced water, you would still post a loss.
It is very sad that the economy was not run in terms of politics under the right principles of state. I wish to also quote:
“To whom much is given, much is also required”.
Those of us who are interested in the Bible may look at Luke chapter12, verse
48.
Mr Speaker, some of the policies underlying the 2019 Budget are the goals as set up in the Sustainable Development Goals and it is part of what we are trying to push by way of alleviating poverty.
Mr Speaker, let me look at what has been put together to affect the Ministry of Works and Housing.
Mr Speaker, it is very necessary that every serious Government would protect national assets and that is why we are paying due regard to our coastal line.
Mr Speaker, you may have a look at page 144; we are continuing with where President Mahama left off and we are dealing with serious areas of coastal challenges. This is because if we are not careful, the sea would eat our land and posterity would judge us.
So we are moving to Amanfulkuma, Dansoman phase 2 and the rest of them, which I would not want to bore you with.
Mr Speaker, there is also the necessity to also settle in our hearts that when one assumes office and there are projects which have been constructed by our predecessor, it is imperative that we complete those projects because if one does not, the projects would be open to the vagaries of the weather and obviously, the cost overruns overtime would be very difficult to handle. That is why in terms of article 35(7), President Akufo-Addo's Government intends to complete the Segleme housing project, which has a lot of challenges but we would ensure that it is duly completed.
Now, we have a very serious housing challenge, which for obvious reasons, Government of Ghana sources would not be able to support. Therefore there is a necessity to bring in private capital and the challenge is that if we are not careful,
because it is a huge infrastructural outlet, the private capital would swell the national debt and the argument on debt sustainability would be in the fore. But we need to intervene because if this nation is afraid to spend to give our people housing, the GH¢1.7 million housing deficit, which is climbing -- Some people are saying that the figure is too conservative.
Mr Speaker, a time is coming when we would be so challenged that we would not know what to do with where our people would sleep. So this year, in a very powerful social intervention, we would attempt 200,000 housing units which would be in all the regional capitals because we do not intend staying in Accra.
Mr Speaker, as I said earlier, if the Government would not pay regard to article 35(7), then the mandate of the Government is not understood. In 2008, President Kufuor started a serious affordable housing units because it was a serious thing for the nation.
When President Mahama assumed office, he abandoned these housing units. As we are talking now, houses which commenced in 2008 in Wa are opened to the vagaries of the weather and they are deteriorating. President Mahama did not touch them at all. In Tamale, the story is worse.
The structures that President Kufuor started for eight goods years with the oil proceeds were abandoned. When one goes to Koforidua, it is the same story.
In terms of the Constitution, we are ready to find the requisite private money to complete these housing projects for the benefit of our people.
Mr Speaker --