The budget statement and economic policy for fiscal year 2011

Dr. Kwabena Duffour reading the 2011 budget yesterday

1. Madam Speaker, I beg to move that this august House approves the Budget Statement and Economic Policy of the Government for the year ending 31st December, 2011.

2. Madam Speaker, in accordance with Article 179 of the 1992 Constitution, I have the singular honour and privilege to stand before this august House and the people of Ghana to present the 2011 Budget Statement and Economic Policy on behalf of the President, His Excellency, Prof. John Evans Atta Mills.

3. Madam Speaker, this presentation is an abridged version of the Budget Statement.  I would like to request the Hansard Department to capture the entire Budget Statement and Economic Policy tabled and circulated for your information and action.

4. Madam Speaker, on 18thNovember, 2009, I presented to this House the second Budget Statement of the NDC Government.  The Budget was based on government’s vision of a “Better Ghana”, in which growth and economic prosperity are anchored on creating opportunities for improved standard of living for all Ghanaians.

5. Our “Better Ghana” agenda is to be achieved through the implementation of sound and prudent economic policies intended to ensure continuous stability and to stimulate growth within an environment of good governance.

6. Madam Speaker, I am pleased to report that, two years on, despite the challenges, we have made significant progress.  The economy has shown strong resilience and stability, as indicated by all the key macroeconomic indicators as follows: –

• GDP growth of 4.1   percent in 2009 compared to the sub-Saharan Africa growth of 2.0   percent;

• The fiscal deficit reduced significantly from 14.5   percent of GDP on cash basis at the end of 2008 to 9.7   percent of GDP in 2009;

• Inflation has trended downwards in sixteen (16) consecutive months from 20.74   percent at the end June 2009 to reach 9.38   percent in October 2010, the lowest in the last two decades;

• Gross international reserves of US$3,973.0 million at the end of October 2010 has exceeded three months of import cover compared with reserves of US$2,036.2 million at end December 2008 which could barely cover 2 months of import; and

• The Cedi has strengthened and appreciated by 0.1   percent, 2.2   percent and 5.4   percent against the US dollar, the pound sterling and the euro respectively.

7. Madam Speaker, the interim growth figures released by the Ghana Statistical Service clearly show that we have been able to return the economy to a path of sustainable growth.

8. The oil and gas production which will be on stream very soon will further consolidate this effort and ensure accelerated growth.  The careful and rigorous rebasing of our national income has revealed that the size of the economy has become bigger.

9. Madam Speaker, with the progress made so far, I can confidently state that we are ready to make the transition from stability to accelerated growth.

10. We should all note with satisfaction that, as a result of our collective effort towards good governance since the inception of the fourth republic, our dear nation Ghana has now joined the league of middle income countries.  Indeed when we met our Development Partners in Accra in September this year, they reaffirmed their faith in Ghana and in its policies and prospects. With their support and more importantly through our own efforts, we will forge ahead with the challenge to ensure an accelerated growth and development as well as fair and equitable income distribution.

11. Madam Speaker, our medium term development framework, the “Ghana Shared Growth Development Agenda” (GSGDA) 2010-2013), has been completed and will be presented to this august House before the end of this year.

12. Madam Speaker, we believe that it is the duty of government to ensure equity and fairness in salary administration and reward Ghanaian workers for their commitment to our economic growth and development.  This budget demonstrates our commitment to do just that.  And in order to fully meet the challenge of a comprehensive administration of the Single Spine Salary Structure, we have focused on improved efficiency in revenue management.

13. Madam Speaker, the year 2011 marks the beginning of Ghana’s oil and gas production in commercial quantities.  A major challenge will be how the oil revenues will be used to transform the economy and accelerate growth without sacrificing macro-economic stability and accentuating income inequalities.

14. Based on experiences from other oil and gas producing countries, government is taking steps to manage the oil and gas revenues in a manner. Our goal is to ensure that the building blocks for accelerated growth and development, namely, social, economic and physical infrastructure are appropriately improved.  It is in this context that we recently presented to Parliament, the Petroleum Revenue Management Bill.

15. The theme for the 2011 budget “Stimulating Growth for Development and Job Creation” has been chosen to focus attention on the need to propel the economy onto a higher growth and development trajectory.

16. Madam Speaker, the 2011 budget will focus on major growth-oriented programmes and projects that would improve and sustain Ghana’s middle income status.  To this end, there will be significant investments in the areas of energy, road and rail transport to facilitate private sector expansion for employment generation.  These growth-driven investments will be complemented by social intervention programmes in line with the core values of the NDC in providing equality of opportunities and improvements in the social development of our people. All the social intervention programmes in the health and education sectors will continue to be funded.

17. Madam Speaker, government will harness and use effectively available resources from both domestic and foreign sources all to deliver on our pledge of a Better Ghana.  Government will continue with its prudent fiscal and monetary policies to sustain the macroeconomic stability for improved private sector growth, which we believe, will stimulate employment and improve the quality of life for Ghanaians.

18. Madam Speaker, in this abridged presentation of the 2011 budget, I wish to highlight the following: –

a. Developments in the global economy in 2010, an outlook for sub-Saharan countries, and their impact on the domestic economy;

b. Developments in our economy and major achievements for the fiscal year 2010;

c. Government’s medium term macroeconomic framework that sets out the objectives and policies for the next three years;

d. Key achievements in 2010 and key priority interventions of government that would be funded in pursuit of the growth and development agenda in 2011;

e. Reforms that would complement major policy interventions for achieving the shared growth agenda; and

f. Policy initiatives.


19. Madam Speaker, the world economy has experienced gradual recovery since the 2007-2008 major recession. Downside risks, however, remain prominent because most advanced and few emerging countries are faced with major fiscal adjustment problems, sluggish growth and high unemployment rates.

20. Many developed countries are still confronted with huge public debt and fragile financial sector which have to be dealt with through monetary and fiscal measures.  Some of these measures may, however, lead to further lowering of global demand and consequently affect the growth rate of global output and worsen the current high unemployment rates globally.

21. Madam Speaker, the above developments have implications for our country since reductions of the budgets of developed countries may result in cuts in external aid to developing countries and also lead to lower demand for our exports.

22. In emerging and developing countries, prudent policies that were implemented as part of the policy package to counteract the effects of the global crises have contributed significantly to a favourable medium term growth outlook.  Their continuous good performance will, however, remain dependent on demand in advanced economies.

23. Against this background, the IMF forecasts global output to expand by 4.8 percent in 2010 and 4.2percent in 2011.  These growth projections will be led by emerging and developing economies with projected rates of 7.1percent and 6.4 percent, respectively, in 2010 and 2011.  However, growth projection in advanced economies will remain subdued at 2.7 percent and 2.2 percent, respectively (World Economic Outlook – WEO, October, 2010).

24. To overcome the potential downside risks, the Fund recommends the need to strengthen private sector demand in advanced economies, continuation of fiscal consolidation, and an increase in net exports in deficit countries.

25. Madam Speaker, in sub-Saharan Africa, economic recovery has been faster than expected, with projected growth rate of 4.5percent in 2010 and 5.7 percent in 2011, compared with the growth rate of 2.0 percent in 2009.  The downside risks to this favourable growth outlook are the highly volatile financial sector and the uncertainties in the developed countries which can result in lower demand for raw materials, and lead to lowering of commodity prices.

26. Madam Speaker, the implementation of the Ecowas Common External Tariff (CET) and Ecowas Community Development Programme (CDP) presents opportunities and challenges to both the government and the private sector.  The CET and CDP have far-reaching implications for government revenue as well as exports of manufactured goods and imports. Government will support domestic manufacturers and exporters to enable them reposition their businesses to take advantage of the opportunities presented by the wider market that the community will create.

27. Madam Speaker, as a result of the severe macroeconomic imbalances that this government inherited from the previous administration, we had to seek the assistance of the International Monetary Fund (IMF) to help us stabilize the economy.

28. In this regard, in 2009 government requested for a three-year programme now called the Extended Credit Facility (ECF) from the IMF.

29. The IMF Executive Board, on 15th July, 2009, approved a loan of 387 million Special Drawing Rights (SDRs), equivalent to US$602 million as balance of payments support to Ghana.  This amount is expected to be disbursed in seven tranches over a three-year period (ending in June 2012), after each semi-annual review of the programme.
30. The first and second reviews of the programme have been successfully completed, and a total amount of US$218 million have so far been disbursed to support the country’s balance of payments.  The third review of the programme is expected to be completed by the end of January, 2011.

31. The programme has contributed to the stabilization of the economy, as the disbursements have helped to increase the level of Ghana’s reserves, which in turn, has helped stabilize the Cedi and boosted confidence in the economy.


32. Madam Speaker, the Ghanaian economy was able to withstand the impact of the global crisis relatively well.  This can be attributed to the prudent macroeconomic policies that were pursued by the government; the favourable world market conditions for cocoa, gold exports; and good rainfall which supported increased agricultural production.

33. Even though real GDP growth slowed down to 4.1percent in 2009, mainly on account of the impact of the world economic crisis, growth is expected to bounce back to about 5.9percent in 2010 as the domestic and world economic environment improves.  Real GDP growth is projected to reach about12.3 percent in 2011, on account of strong performance in the manufacturing and services sectors and the coming on stream of oil production and exports.

34. Madam Speaker, provisional GDP estimates released by the Ghana Statistical Service indicate that the Ghanaian economy has undergone a significant structural change. The agricultural sector which has for long dominated economic activity has given way to the services sector. Cocoa production, the mainstay of the agricultural sector, however, continues to grow strongly, with output expected to reach 650,000 metric tons this year.

35. The continued strong performance of the cocoa sub-sector reflects the increased government support to the industry, taking the form of higher domestic producer prices, improved disease and pest control programmes, rehabilitation of feeder roads in cocoa growing areas, and payment of decent bonus packages to cocoa farmers.

36. Madam Speaker, the growth of the economy in the medium term will be more broad-based, with the manufacturing sector expected to expand and the oil and gas sector joining in very strongly. Growth in the manufacturing sector will be driven by the increased activity in construction, mining, oil-related infrastructure, electricity and water. The services sector is also expected to continue to grow at a faster rate, on account of the expected increase in activities in the tourism, wholesale and retail trade sub-sectors, as well as finance.

37. Madam Speaker, the main objective of the 2010 Budget was to continue the progress in fiscal consolidation to ensure macroeconomic stability. To this end, the 2010 budget used the budget deficit as the fiscal anchor, and targeted a further reduction in the fiscal deficit to 7.5 percent of GDP. This target was to be achieved by improving expenditure rationalisation and management, while enhancing revenue mobilization.

38. Madam Speaker, in reviewing the fiscal performance of the economy for 2010, provisional actual information available up to the end of September, 2010, have been used and based on this, projections are made to indicate the expected outturn for end 2010.

39. Provisional data on the implementation of the budget for the first three quarters of 2010 indicates that, revenues were below the budget target by 1.8 percent. On the other hand, expenditures were higher than estimated by 8.0 percent.

40. Madam Speaker, given the performance of revenues and expenditures for the first three quarters of 2010, the overall budget balance, showed a deficit of GH¢2,294.3 million. This is equivalent to 8.8 percent of GDP, compared with a budget target of a deficit equivalent to 7.6 percent of GDP.

41. The bigger deficit is mainly as a result of increased disbursement of project loans than was anticipated, and the accelerated clearance of domestic arrears than programmed for the first three quarters of the year.

42. Based on the projected revenues and expenditures up to the end of the 2010 fiscal year, the fiscal deficit for the full year is expected to be GH¢2,514.3 million, equivalent to 9.7 percent of GDP. The projected rise in the fiscal deficit is mainly as a result of the projected higher disbursement of project loans from our development partners than was earlier estimated.

43. The domestic primary balance for the period under review registered a deficit equivalent to 2.1 percent of GDP, against a budget target of a deficit equivalent to 3.2 percent of GDP. The domestic primary balance is expected to be a deficit equivalent to 1.4 percent of GDP at the end of the year.

44. Madam Speaker, the consumer price index released by the Ghana Statistical Service for October this year shows a steady decline in the inflation rate from the peak of 20.7 percent in June 2009 to 9.38 percent in October this year. This steady decline is attributed largely to our prudent fiscal management, continued monetary restraint, supported by a good food harvest. Indeed food inflation has declined from an average of 15.8 percent in 2009 to 5.6 percent in October this year. Over the same period, non-food inflation dropped from an average of 21.8 percent to 11.8 percent. The appreciation of the Cedi has also contributed significantly in lowering inflation in the country.

45. Madam Speaker, the steady decline in the inflation rate provides concrete evidence of an economy that is recovering from the deep crisis it found itself at the end of 2008.

46. Madam Speaker, the general downward trend in interest rates which begun in June 2009 is continuing. The Central Bank policy rate has fallen steadily over the period, reaching 13.5 percent in July 2010. All short term interest rates on the money markets have also fallen in the last 10 months of the year. Commercial banks, however, have been less responsive to the general fall in interest rates and the inflation rate, citing high risks associated with lending to small and medium size businesses as the major cause of their inability to reduce their lending rates.

47. Madam Speaker, the performance of the external sector of the economy in fiscal year 2010 has been very remarkable. For the first time in many years, the balance of payments registered a surplus of over USD100 million in the first nine months of this year, and the projected surplus for the fiscal year is USD315 million.

48. Madam Speaker, the stock of gross foreign reserves of the country increased to USD3, 973 million in October 2010 from USD3, 165 at the end of December 2009. This shows that the NDC Government has increased the country’s cover of imports of goods and services from 1.8 months in 2008 to 2.4 months in 2009, and to 3.2 months in 2010.


49. Madam Speaker, in the 2010 Budget, government outlined a number of programmes and projects that were to be implemented in the key sectors of the economy to improve the livelihood of the people of this country. I will like to mention some of the major achievements made in some of the key sectors.


50. Madam Speaker, some of the major achievements made in the education sector in the fiscal 2010 are the following:-

• 175 classroom blocks were completed across the country to replace schools under trees, and contracts for 165 new schools were awarded.  Work is in progress to construct additional 214 six-unit classroom blocks for Senior High Schools.

• The three Northern Regions benefitted from 67 classroom blocks with sanitary facilities for kindergarten, primary and junior high schools under the Northern Floods Program

• GH¢4.9 million was spent to subsidize the cost of conducting Basic Education Certificate Examination (BECE).

• We have given the real meaning to word “FREE” in the FCUBE. About 23 million exercise books were distributed to school pupils and 526,263 uniforms provided to children of need.

• GH¢23.8 million was paid as capitation grant to pupils in all public basic schools.

• GH¢50 million was spent by government to support the School Feeding Program under which 670,000 pupils benefitted.


51. Madam Speaker, in pursuit of the NDC government’s commitment to equitable health care for all the following key projects were completed in the health sector in the fiscal year 2010:-

•   45 CHPS zones were created;
•  600,000 Rapid Diagnostic Test Kits for the confirmation of malaria cases were supplied;
• The 100-bed hospital with Malaria Research Centre at Teshie, Accra was completed; 5 Polyclinics in the Northern Region (one each at Kpandai, Tatale, Kanga, Chereponi and Karaga); and 21 health centers were completed;

• Phase two of the rehabilitation and upgrading of Bolgatanga Regional Hospital was completed;

• Essential nutrition actions, aimed at preventing neonatal deaths and enhancing health services for children, were implemented in all the 10 regions of the country.
• 140 trainers of trainers were exposed to the use of the new World Health Organization Growth Chart.
• 5 new midwifery training colleges were established to run courses in Post Basic Certificate in Midwifery


52. Madam Speaker, food security and good nutritional health forms part of the NDC government’s agricultural policy.  The Ministry of Food and Agriculture scaled up its efforts to enhance food security and reduce income variability of farmers during the review period. The following interventions were made during the year.

• The National Food Buffer Stock Company (NAFCO) was established during the year and the company purchased and stored 6,949 metric tons of rice and 416 metric tons of maize.

• 60,000 metric tons of fertilizer was subsidized at an average cost of GH¢16 per bag for distribution to farmers under the Fertilizer Subsidy Program.

• 2,584 livestock of various improved species were supplied to farmers in 6 regions. In addition, 35,000 cockerels were supplied to 1,750 farmers in 25 districts.
• The construction of cold stores in 6 fishing communities (Nyanyanor, Koromantse, Apam, Half -Assini, Shama and Sekondi) commenced during the year.   This was in addition to about 11.1 hectares of ponds and 192 fishing cages that were constructed.

53. The following agriculture interventions were undertaken under the agriculture commercialization project, as part of the Millennium Development Authority programs:

• 47,000 farmers in 940 Farmer Based Organizations were trained in business capacity;

•    US$2.0 million was disbursed to farmers and small and medium term enterprises under the Alliance for Green Revolution in Africa  (AGRA) project; and

•    GH¢4.0 million Agricultural Credit was disbursed.

Cocoa Sub-Sector

54.    Madam Speaker, the government revised the producer price of cocoa twice upwards in the 2009/2010 crop year and again in October 2010. The producer price of cocoa is now GH¢ 3,200.00 per ton or GH¢200.00 per bag. This new price is 75.15   percent of the net FOB price, the highest in the history of this country.

55.    The Ghana Cocoa Board (Cocobod) purchased a total of 632,024 metric tons of cocoa (main and light crop) during the season and paid a total of GH¢ 50 million to cocoa farmers as bonus for the 2008-2009 crop season.

Transport, Roads and Highways

56.    Madam Speaker, construction, rehabilitation or upgrading of a number of roads and highways were completed during the year to reduce road infrastructure backlogs in the country. The Ho-Fume, Sogakope-Adidome-Ho, Kumasi-Techiman, Doyormu-Prampram and Nkawkaw-Obemeng were among the major roads that were completed during the year.

57.    Madam Speaker, routine maintenance was done on 3,975.07 kilometers of highways, and re-gravelling and resealing of 444.36 km of road were also completed. In addition, some 810.13 kilometers of road improvement works was executed under the Improvement Work, Partial construction, Upgrading and Rehabilitation Program.

58.    About 1,716 kilometers of feeder roads were routinely maintained while 521.8 kilometers were rehabilitated, including the construction of 8 bridges.

59.    Madam Speaker, the Ministry of Roads and Highways completed 700 kilometers of urban roads in respect of periodic maintenance works and 1,680 kilometers of routine maintenance.  The Central Business District roads in Accra were completed and 77 kilometers of minor rehabilitation and upgrading works were also completed.

60.    Madam Speaker, construction works on the rail extension from Asoprochona to Tema was completed and the running of the diesel multiple units were commissioned. This opened up the Accra-Tema sub-urban rail service for full service.

61.    The following transport projects were also undertaken by the Millennium Development Authority:

•    Refurbishment of floating dock in Akosombo to aid the construction of two RoRo Ferries;

•    Construction of 75 kilometers of trunk and 348 kilometers of feeder roads is in progress;

•    Construction is in progress on the 14 kilometers N1 highway in Accra;

62.    Madam Speaker, the following key projects were undertaken in the energy sector:

•    253 rural communities were supplied with electricity under the SHEP 4 Project, and a survey to connect additional 1,200 communities was completed;

•    The provision of street lights in Sunyani, Tema, Ho and Wa was completed, while work on Accra and Kumasi projects is progressing;

•    Work on the design and construction of 400 megawatts hydro power plant at Bui to enhance power generation is 32   percent complete, while work on the construction of 132 megawatts combined power cycle plant at Aboadze commenced;

•    The provision of circuit breakers to protect equipment and increase transformer capacity in Techiman, Kumasi, Winneba and Akosombo is 80 percent complete. Replacement of wooden poles with steel tubular in the Volta Region was completed while civil works for the construction of No. 2×20 MVA primary sub-station is 70   percent completed;

•    Tamale and Kumasi Polytechnics and the Kwame Nkrumah University of Science and Technology were supported with solar training and testing equipment for the training of technicians.

63.    Madam Speaker, the development of the Jubilee fields for the production of oil is on track.  Work on the sea floor and the Floating, Production, Storage and Off-loading (FPSO) is 95   percent and 98 percent complete, respectively. The construction of four 10,000 cubic metre storage tanks with ancillary facility at the Accra plains depot has been completed while an inland petroleum jetty, River Barges and Tug boats at Debre is 80   percent  complete.

Water Resource, Works and Housing
64.    Madam Speaker, the following were accomplished in the Water, Works and Housing sector during the fiscal year 2010.

•    64 new boreholes, 58 small town pipe systems and 2 small community pipe systems were constructed under the Program for Providing Safe and Portable Water to Communities.

•    Construction works on a 500 cubic metre reservoir to provide potable water for residents in Kasoa, Gomoa Nyanyano, and Senya Breku were substantially completed, while the expansion programme to meet water demands in Accra, Koforidua, Cape Coast, Kumasi and Sunyani are at various stages of completion.

•    160 two-bedroom houses and 49 septic tanks were constructed at Kedezi, Vodza and Adzido to enhance life and protect properties of families residing along the sea in Keta.


65.    Madam Speaker, the following projects were undertaken in the communication sector during the year.

•    The consolidated International Gateway Monitoring System was installed to help the communication sector accelerate the development of mobile telephony.

•    90   percent of the Kumasi-Techiman-Tamale stretches of the National Fibre Backbone Project was completed.  In addition, 90   percent of the Navrongo-Paga path and 50   percent of the Tumu-Wenchi stretch were also completed.

•    The Enterprise Architecture (EA) and e-Government Interoperability Framework designed to bring efficiency and transparency into government operations were launched during the year.

•    As part of the Schools Connectivity Project, 760 computers were supplied to 38 training colleges.

Trade and Industry

66.    The Ministry of Trade and Industry completed the repositioning of the Destination Inspections services in the country after the review of the scheme.

67.    To streamline the import management process and facilitate the speedy clearance of goods through customs, and at the same time improve record keeping, the Electronic Import Declaration form was introduced. Paper Import Declaration Forms have been phased out wherever there is GCNet Connectivity.

68.    To reduce linguistic barriers and improve Ghana’s trade relations with French speaking countries, 320 Officers from both public and private sector institutions are being trained through the Ministry’s Business French Program.

69.    The Tariff Advisory Board became fully operational and is addressing inadequacies in the tariff system.  The Board will ensure that Tariff are set to promote the national economic development agenda and ensure equity and fairness vis-à-vis the competition between imported products and local production.
Export Promotion
70.    The Ghana Export Promotion Council participated in the following International Fairs and provided the opportunity for Ghanaian SME Enterprises to also participate in these fairs: the Ambient Fair in Germany, the Abuja and Lagos Trade Fairs in Nigeria, the Tripoli International Fair in Libya and the Shanghai Expo in China.

71.    A Nations Traceability System based on a Geographic Information System for priority exports has been established for priority driven exporter database.  26 trainers, 200 exporters and business support organizations have been trained to use and manage the traceability system.

72.    The Export Development and Investment Fund through the Mango Development Project supported the planting of 12,000 acres of mango seedlings in the Northern, Upper East, Upper West, Brong-Ahafo and Northern Volta regions, with a view to developing mangos as a major export crop.

73.    The Ministry of Trade and Industry with funding from the Export Development and Investment Fund and support from the fertilizer subsidy program of the Ministry of Food and Agriculture started the Cotton Support Program, and assisted 3000 farmers in the three Northern Regions to cultivate cotton for export.
Support for Small, Micro and Medium Enterprises (SMMEs)
74.    The Rural Enterprise Skills Project, has provided training and start up kits for 4,252 rural apprentices in metal works, auto-repairs, electronics, leatherworks, masonry and blacksmithing.

75.    500 rural micro and small-scale enterprises were supported through the training of master crafts persons and created about 8000 new jobs in the rural areas.  In addition, over 520 rural entrepreneurs have been supported with credit facilities in the sum of GH¢1,120.00.

76.    Moreover, three rural technology facilities in the Assin South, Garu Tempane and North Tongu Districts were completed and 4 more are at a 70 percent level of completion.  These will allow for the manufacture of simple machinery to support agro processing and small-scale industrial activities.

77.    Eighteen Rural Technology facilities were provided with Nissan Pick-ups and standby generators, 40 District Business Advisory Centres were supplied with motorbikes, and 6 new Business Advisory Centres were also supplied with office equipment.

78.    The National Board for Small Scale Industries provided business development assistance to 23,879 businesses, 322 SMME entrepreneurs, also provided training and finance and were assisted with loans amounting to GH¢234,281.00 as part of the effort to facilitate job creation.

79.    The GRATIS Foundation provided training to 300 technical apprentices in metal machining, welding and fabrication, foundry and woodwork.  The company manufactured 141 units of cassava, and Palm fruit processing equipment, which were exported to Sierra Leon and Cameroon.  The company also developed several new prototype machines for use on the local market.  The machines include crop residue processor, multi-crop thresher with a winnower5, food wormer, a tomato pulping machine, and a soap processing plant.

80.    The Business Development Services Fund provided US$3.3 million grants to 142 SME’s to acquire technical assistance to address issues of low productivity, access to markets, product development and access to finance.

81.    The Ghana Standards Board (GSB) through the Private Sector Development Strategy phases 1 program refurbished the soil and fertilizer laboratories. The GSB has also developed an Export System AlertWebsite to provide information to exporters on export quality queries and alerts from the country’s major export markets to exporter.  The GSB also inspected 2,663 fuel pumps and accessories at 432 fuel stations, calibrated 3,438 weighting and measuring instruments, verified 18,572 trading devices, reviewed and adopted 252 standards for ensuring the quality of selected products.
Legislative Initiatives

82.    To streamline exports of non-ferrous scrap metal L.I. 1969 was passed this year to ensure that exporters do not misclassify ferrous scrap for local production.

83.    L.I.1962 was also passed to ensure the payment of corporate income tax by free Zone Enterprises registered under the Free Zones Act.

2010 Population and Housing Census

84.    Madam Speaker, during the year, the Ghana Statistical Service undertook a Population and Housing Census in the country. The government provided GH¢ 64 million for the conduct of the Census, which will provide relevant data on the country’s population and structure, households and their profiles, housing conditions, school attendance, literacy and educational levels. The Census will also provide some of the data ne

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