Audio By Carbonatix
An Economist, Dr Priscilla Twumasi Baffour, says the quest to reform the structure of Ghana's economy has been challenged by politicians’ resort to pursuing approaches that only yield short-term benefits.
This, she said is fueled by the lack of political will and the fact that the government is always looking forward to the next election.
According to her, it is not as though the government does not know what to do.
“So the issue is that it’s not like we don’t know what to do in this country. We know what to do but basically, it boils down mostly to the lack of political will most at times, and the fact that essentially, these structural reforms require a lot more time than a political cycle. So you see, the challenge we face is that we turn to try quick fixes, short-term results to show that the government has done something.
“I can understand the position politicians are in because they are looking at the next election,” she said on Newsfile on Saturday.
Dr. Baffour has advised that in the wake of the country’s International Monetary Fund (IMF) programme, the government should put political ambitions aside and focus on the “bigger picture.”
She said government should focus on investing in the right areas of the economy including; “issues of energy, issues of access to credit, and issues of skilled labour.”
This, she said will in effect equip firms to be productive and produce domestically as well as reduce the country’s level of import dependence.
Latest Stories
-
Church of Pentecost supports over 2,000 BECE candidates in Obuasi with career guidance seminar
17 minutes -
Brandon Asante and Coventry all but promoted to Premier League despite Sheffield Wednesday draw
38 minutes -
GPL 2025/26: Late Kwartemaa strike downs Hearts in Tema
45 minutes -
Ghana Faces Sierra Leone Moment as Prosecutorial Powers come under strain
54 minutes -
Don’t consume fish or seafood from Tema Shipyard until further notice – FDA warns
59 minutes -
Why volunteering might be Africa’s most underrated career accelerator
1 hour -
ActionAid Ghana raises concern over gender gaps in Feed Ghana Programme
1 hour -
Windstorm wreaks havoc in Gushegu, displacing nearly 2,000 residents and damaging schools
1 hour -
Friends of Bridget Bonnie Marks her 35th birthday with donation to Kasseh Model Health Centre
2 hours -
From Ekumfi Kokodo to the Pulpit Stage: Essi Donkor’s gospel journey takes shape
2 hours -
Landfilling waste management creates no value, it’s an economic waste
2 hours -
Photos: Speaker Bagbin Commissions MPs constituency office under parliamentary decentralisation programme
3 hours -
Black Stars technical advisor Winfried Schäfer sacked as GFA shakes up backroom staff
3 hours -
Wenchi water project almost complete, critical to gov’t agenda – GWL MD
3 hours -
Anti-LGBTQ+ bill not part of government’s legislative agenda – Inusah Fuseini
3 hours