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ACCRA Jan 7 Ghana's new President Nana
Akufo-Addo pledged to cut taxes to boost the economy at his
swearing in ceremony on Saturday, whilst also promising to
protect the public purse by getting value for money on services.
Akufo-Addo, 72, defeated incumbent John Dramani Mahama in
peaceful elections a month ago, a rare peaceful transfer of
power in a region plagued by political crises.
The major cocoa and gold exporter is half-way through a
three-year aid programme with the International Monetary Fund to
fix an economy dogged by high public debt and inflation.
It is not clear how the new president will be able to cut
taxes and still stick to an IMF austerity plan that was a
condition of a $918 million bailout.
"We will reduce taxes to recover the momentum of our
economy," said Akufo-Addo, wrapped in a traditional
kaleidoscopic "kente" robe. "Ghana is open for business again."
At the venue for the inauguration in Black Star Square,
thousands of Ghanaians also draped in traditional kente garments
clapped. Outside the perimeters, revellers drummed and danced.
Akufo-Addo suggested government money would be spent wisely.
"I shall protect the public purse by insisting on value for
money," he said. "Public service is just that: service, and (is)
not be seen as an opportunity for making money."
Ghana expects growth will return to above eight percent in
2017 as new oil and gas fields from Tullow and ENI
come on tap.
Akufo-Addo served as foreign minister and attorney general
in the NPP government that ruled between 2001 and 2009. He twice
previously lost close battles for the presidency. He is the son
of a former chief justice and non-executive president of Ghana.
During his campaign, he had accused the Mahama administration
of corruption and incompetence, charges the outgoing president
denied. Mahama attended the ceremony.
It was also attended by dozens of African leaders and other
international dignitaries, including Chadian President Idris
Deby, President Ellen Johnson Sirleaf of Liberia and former UN
chief Kofi Annan.
Ghanaians are proud of having a stable democracy and acutely
aware that it is a rarity in turbulent region.
Akufo-Addo's New Patriotic Party also won a majority of 169
seats in Parliament while the former ruling National Democratic
Congress now has 106 seats.
(Editing by Tim Cocks and Stephen Powell)