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Do not fill this in! ====Economy==== Under Mills, Ghana's stable economy experienced sustained reduced inflation leading to the attainment of single digit inflation of about 8.4%<ref>{{cite web|url=http://www.mofep.gov.gh/?q=news/120811 |title=Ghana Records Lowest Inflation in Years |publisher=Ministry of Finance β Ghana |url-status=live |archive-url=https://web.archive.org/web/20131202231618/http://www.mofep.gov.gh/?q=news%2F120811 |archive-date=2 December 2013 }}</ref> (one of the lowest inflation rates Ghana had attained in 42 years i.e. period between 1970 and 2012 as well as the lowest since June 1992 just before the start of Ghana's Fourth Republic) from a high of 18.1% in December 2008.<ref name="ghanaweb1">{{cite web |date=30 November 2001 |title=Achievements of Professor Evans Atta Mills Led NDC Government | Feature Article 9 January 2011 |url=http://www.ghanaweb.com/GhanaHomePage/NewsArchive/artikel.php?ID=200903 |url-status=live |archive-url=https://web.archive.org/web/20131203010452/http://www.ghanaweb.com/GhanaHomePage/NewsArchive/artikel.php?ID=200903 |archive-date=3 December 2013 |access-date=27 September 2012 |publisher=Ghanaweb.}}</ref> This is indicative of prudent fiscal, monetary and other austerity policy measures that characterised his presidency to put the economy in healthy shape. The Ghanaian currency, the [[Cedi]] also stabilised as a result of these policies. In 2011, Ghana was the fastest growing economy in the world at 20.15% for the first half of the year and 14.4% at the end of the financial year according to the [[International Monetary Fund]] and EconomyWatch.com.<ref>{{cite web |date=11 August 2011 |title=Ghana is currently the world's fastest growing economy in 2011 |url=http://www.cp-africa.com/2011/08/11/ghana-is-currently-the-worlds-fastest-growing-economy-in-2011/ |url-status=live |archive-url=https://web.archive.org/web/20120814072058/http://www.cp-africa.com/2011/08/11/ghana-is-currently-the-worlds-fastest-growing-economy-in-2011/ |archive-date=14 August 2012 |access-date=27 September 2012 |publisher=Cp-africa}}</ref><ref>{{cite web|url=http://www.ventures-africa.com/2012/08/the-7-fastest-growing-economies-in-africa/ |title=The 7 Fastest Growing Economies in Africa |publisher=Ventures Africa |url-status=live |archive-url=https://web.archive.org/web/20130708044807/http://www.ventures-africa.com/2012/08/the-7-fastest-growing-economies-in-africa/ |archive-date=8 July 2013 }}</ref><ref>{{cite web|url=http://www.cp-africa.com/2011/08/11/ghana-is-currently-the-worlds-fastest-growing-economy-in-2011/ |title=Ghana is currently the world's fastest growing economy in 2011 |publisher=Celebrating Progress Africa |url-status=live |archive-url=https://web.archive.org/web/20120814072058/http://www.cp-africa.com/2011/08/11/ghana-is-currently-the-worlds-fastest-growing-economy-in-2011/ |archive-date=14 August 2012 }}</ref> Moreover, Ghana's budget deficit was reduced to 2% of the Gross Domestic Product during his tenure compared to 14.5% of GDP in 2008, just before he was elected as the [[President of Ghana]].<ref>{{cite web |title=Ghana: Mills' State of the Nation address, arrest of drug barons reported |url=http://www.afriquejet.com/ghana-mills-state-of-the-nation-address-arrest-of-drug-barons-reported-2012021833631.html |url-status=dead |archive-url=https://web.archive.org/web/20120220061326/http://www.afriquejet.com/ghana-mills-state-of-the-nation-address-arrest-of-drug-barons-reported-2012021833631.html |archive-date=20 February 2012 |access-date=27 September 2012 |publisher=Afriquejet.}}</ref> There was also a huge improvement in Ghana's gross international reserves and foreign direct investments (FDI) highlighting exceptional macroeconomic performance.<ref name="iamaghanaian1">{{cite web |title=Spio-Garbrah congratulates Mills' government on Top 50 Achievements |url=http://iamaghanaian.net/index.php?do=/news/spio-garbrah-congratulates-mills-8217-government-on-top-50-achievements/ |url-status=dead |archive-url=https://web.archive.org/web/20131203001051/http://iamaghanaian.net/index.php?do=%2Fnews%2Fspio-garbrah-congratulates-mills-8217-government-on-top-50-achievements%2F |archive-date=3 December 2013 |access-date=27 September 2012 |publisher=iamaghanaian.}}</ref> The Mills government also implemented the Single Spine Salary system which increased compensation levels of all public sector workers.<ref name="ghanaweb1"/> In a bid to improve the efficiency in revenue collection, Mills established the Ghana Revenue Authority which integrated [[Value-added tax|Value Added Tax]] (VAT), Customs Excise and Preventive Service (CEPS) and Internal Revenue Service (IRS).<ref name="ghanaweb1"/> Under his governance, Ghana met three out of the four primary convergence criteria for the proposed [[common currency]], [[Eco (currency)|Eco]] of the [[West African Monetary Zone]]. These accomplishments led to renewed domestic and foreign investor confidence in Ghana's economy.<ref name="iamaghanaian1"/> During Mills' time in office, Ghana was adjudged the best place for doing business in West Africa and best West African performer in access to credit according to the 2011 [[World Bank]] Doing Business global rankings.<ref>{{cite web |date=30 November 2001 |title=Ghana is the easiest place to do business in West Africa - World Bank |url=http://www.ghanaweb.com/GhanaHomePage/NewsArchive/artikel.php?ID=196777 |url-status=live |archive-url=https://web.archive.org/web/20131203013611/http://www.ghanaweb.com/GhanaHomePage/NewsArchive/artikel.php?ID=196777 |archive-date=3 December 2013 |work=ghanaweb.}}</ref><ref>{{cite web |title=allAfrica.com: West Africa: Ghana Tops West Africa in Doing Business Ranking |url=http://allafrica.com/stories/201310301498.html |url-status=live |archive-url=https://web.archive.org/web/20131203055327/http://allafrica.com/stories/201310301498.html |archive-date=3 December 2013 |work=allAfrica.}}</ref><ref>{{cite web |title=Ghana |url=https://www.worldbank.org/en/country/ghana |work=worldbank.}}</ref><ref>{{cite web|url=http://www.doingbusiness.org/~/media/FPDKM/Doing%20Business/Documents/Annual-Reports/English/DB11-FullReport.pdf |title=2011 World Bank Doing Business Report |url-status=dead |archive-url=https://web.archive.org/web/20140611091339/http://www.doingbusiness.org/~/media/fpdkm/doing%20business/documents/annual-reports/english/db11-fullreport.pdf |archive-date=11 June 2014 }}</ref> Summary: Please note that all contributions to Christianpedia may be edited, altered, or removed by other contributors. 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