Hope for Ghana’s economy

President Akufo-Addo

There is no doubt that the econ­omy of the world, including that of Ghana, is in turmoil and needs to be rescued to ensure that economic recovery is experienced within the shortest possible time. For this reason, the government of Ghana is pursuing some policies that will make it possible to see growth in the various sectors of the econo­my.

Currently, Ghana is pursuing many policies to ensure that there is economic growth in the next two to five years. The impact of these programmes would be felt by the people from about 2024 onwards.

IMF SUPPORT

Already, the government has successfully managed and completed the Domestic Debt Exchange Pro­gramme (DDEP) and has received the approval of the International Mone­tary Fund for its support. This took effect in May of this year. In spite of this, the Ministry of Finance is also seeking negotiations with China to cancel some of her debt. It shows how serious and committed the government is as far as debt man­agement is concerned.

A few years ago, the government screened the banking sector, and all fraudulent institutions were disap­proved while others were merged. This measure will ensure greater efficiency in the banking sector. An efficient banking sector is what we need to run Ghana’s economy.

MANPOWER NEEDS

Apart from cleaning the banking sector, the free Senior High School system is also running successfully, and this has been done together with the Technical and Vocation­al Education and Training (TVET) programme to develop the manpow­er needs of this country. The most important asset in this country is its manpower needs, so if it is properly developed, it will make it possible for an efficient labour force to man­age the affairs of the country when it comes to issues in all the sectors of the economy.

DIGITISATION

The government has adopted digitisation as a key policy objec­tive and has recently introduced a number of programmes designed to develop a more digitally accessible public sector and encourage trans­parency and efficiency in order to drive growth in all aspects of the country’s economy.

STRONG INDUSTRIAL BASE

Again, the One District One Factory (1D1F) is growing in various parts of the country. This is in sup­port of building a strong industrial base for the country. These will help reduce our dependence on imports when it comes to industrial products that can be processed locally. It is a good programme that must be con­tinued at all cost.

What is more, the Planting For Food and Jobs programme has helped the country get enough food for its citizens even when the COVID-19 pandemic adversely affected the country. All these are indications that the country is on the right course.

Other programmes, such as One District One Dam, are all meant to produce useful results in the agri­cultural sector. It is expected that these and other programmes will make the needed positive impact and move the country forward.

IMPROVED SECURITY

In addition, security is very important, and the government is doing what it can to strengthen all security agencies. The police have just been given 100 pickup vehicles and over 500 motorbikes, as well as other gadgets to operate more effi­ciently. Many of these gadgets have been provided for the police since 2019, and it goes to show that Presi­dent Nana Addo Dankwa Akufo-Addo values security in this country.

Apart from this, the military has also been given their fair share of what they need since 2018. The sup­port includes vehicles, equipment and accommodation for officers and men in the Armed Forces.

Other forms of support in the form of accommodation and equip­ment have also gone to the Fire Service and Prisons Service, among others.

In addition, many personnel have also been recruited for training. The recruitment has been done to beef up men and women in all the securi­ty agencies.

Training for them is also ongoing. The training is meant to make them more efficient.

HEALTHCARE SYSTEM

One thing that cannot be forgot­ten is the health sector. Apart from the 307 ambulances dispatched to operate in all constituencies in the country, drones and other health equipment have also been made to operate throughout the country to improve the healthcare system.

Additionally, district and regional hospitals have been built in all parts of the country. This is under the programme known as Agenda 111. All these and many others show that the government is very focused on its progamme and will not be distracted by its political opponents.

Ghanaians must be grateful that we have a government that is looking into the future to meet the needs of its people. What the gov­ernment needs is support to enable it to continue to improve the eco­nomic welfare of all Ghanaians.

If we all do this, the sky will be the limit.

Email address/WhatsApp num­ber of author:

Pradmat201@gmail.com (0553318911)

By Dr. Kofi Amponsah-Bediako