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Let's focus on growing Ghana's GDP with a private sector full of innovative start-ups

Feature Article Let's focus on growing Ghana's GDP with a private sector full of innovative start-ups
JAN 13, 2022 LISTEN

There is no substitute for time in transforming democratic societies into prosperous nations. In light of that, the time has now come to make a point that every Ghanaian who loves his or her country - and values his or her freedom - ought to bear in mind: an elected government with a four-year mandate, cannot be said to have failed until its tenure ends, oooo. Yoooooo...

Yes, we are in the terrible situation we currently face, today, because of the baleful influence of the few powerful individuals in the corridors of power, whose greed, arrogance, and short-sightedness, has created the crisis-of-confidence now sapping the strength out of Mother Ghana.

However, as a wise and aspiratonal African people, we must do everything possible to help stop the temporary crisis-of-confidence our country now faces, from being exploited by power-hungry hot-headed individuals, many of whom have no inkling what living under the jackboots of a military regime, accountable to no one but themselves, is actually like. Hmmm, eyeasem, ooooo.

The question we ought to ponder over is: What entrepreneur (local or foreign) will invest in the national economy to create wealth, and generate meaningful jobs for our younger generations, when there is civil strife in Ghana? What Ghana needs today are creative solutions to the difficulties it faces. Ditto, peace, and stability.

Take the issue of terrible roads across rural Ghana, for example. Instead of borrowing money to fix bad roads in rural Ghana, why does the government not simply invite reputable and innovative companies, such as TerraFusion International, to come to Ghana, and use their cutting-edge technology, to build a tolled road network across rural Ghana, and own those roads for 35 years, during which no taxes will be levied on their profits? Haaba.

Furthermore, instead of indemnifying today's regime-princelings from prosecution, if they neglect their fiduciary duty-of-care, or defraud the nation, in managing it, why does Parliament not rather pass a law to turn the annual U.S.$200 million gold royalties cash into an entrepreneurial fund, to provide the most innovative start-ups creating wealth and meaningful jobs, at any given point in time, with longterm loans (with less than 3 percent interest on them, with 5-year grace periods before they start paying interest on such loans)?

Will that not help our GDP to grow? We don't need hotheaded revolutionaries to determine our collective destiny, ooooo, Ghanafuo. What Ghana needs is a thriving private sector full of innovative entrepreneurs. Full stop. Case closed.

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