The allowances paid to

The president, Nana Akufo-Addo disclosed this on Monday, November 6, 2017, when he addressed a meeting of the National House of Chiefs in Kumasi.

“The allowances for Paramount Chiefs and Queen Mothers of the National and Regional Houses of Chiefs have been increased by 100%, and payments by Government are up to date. As I speak, the 4th Quarter allowances are being processed. Quarterly budgetary support to traditional councils and houses of chiefs has also been increased by nearly 60%,” he said.

READ ALSO: Allowances: Nursing trainee allowance restored - Pulse.com.gh

The president said: “we are doing all of this because we want to build a Ghana, which looks to the use of its own resources and their proper management as the way to engineer social and economic growth in our country.”

Meanwhile, Nana Akufo-Addo told the chiefs that his administration has begun to fulfill the pledges made to Ghanaians, in the run-up to the December 2016 elections.

He said that since he assumed power, “we have proven that they were not mere rhetoric or campaign talk, and neither were they meant to deceive the people of Ghana into voting for us, nor to score cheap political points.”

READ ALSO: Chieftaincy In Ghana: Every gazetted chief will now be ... - Pulse.com.gh

Nana Akufo-Addo further said that his government has been working on the fundamentals of the economy, saying that this has led to the growing stability of the macro-economy and the cedi.

“…interest rates on the money markets have declined, the exchange rate is more stable, inflation, which stood at 15.4% in December 2016, is on the decline, and, in September 2017, stood at 12.2%, and economic growth picked up in the first half of the year, and is projected to end at 7.6%, up from the 3.6% we inherited, which was the lowest in over 20 years,” he added.