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26.10.2019 Feature Article

Low-income Ghanaians Must Be Prepared To Face Harsh Economic Turbulence

A market in Ghana, photo credit: Ghana media
LISTEN OCT 26, 2019
A market in Ghana, photo credit: Ghana media

It's not necessary to be a political analyst or an economist to agree that the social, economic and political phenomena in Ghana, have deteriorated beyond remedy because of poor leadership, dependency, mismanagement, dishonesty, ignorance, and corruption.

The lack of knowledge on public policies, such as administration reforms and implementation processes, has brought untold hardships in Ghana, as prices of commodities go high, amidst a high rate of unemployment.

Even though slavery, colonialism, Apartheid, etc, are part of the reasons Africa’s development have been very slow today, it was a great word of encouragement from the Nana Akufo Addo, last year in September, when he said African leaders must stop attributing the continent’s development challenges to colonialism.

If Nana Akufo Addo encourages African leaders to meet up to the challenges confronting the continent, instead of blaming colonialism, why can’t he focus on finding lasting solutions to the drastic economic problems Ghanaians are facing today, instead of blaming Mahama or the NDC party all the time?

Nana Akufo Addo, what you must understand is Mahama is not the current president of Ghana, you are the one in charge of governmental duties, therefore, please, stop blaming the NDC or John Mahama and focus to achieve something significant to bring comfort to the suffering masses.

Ghana is not like a European country in which prices of commodities, including hardware, are drastically reduced to clear in December by gigantic sales, instead, prices of commodities are inflated by more than 200%. Therefore, imagine the challenges low-income Ghanaians face in a country that prices of commodities are never reduced.

Since corruption has affected every infrastructure in Ghana, administrations at the ports and harbours are in jeopardy, as high taxation has crippled many export and import businesses in the country.

There is nothing going normal in Ghana at the moment. Before and after the banking business institutions collapsed, many have lost their jobs and the unemployment rate keeps rising.

More deaths are being registered in Ghanaian hospitals daily, due to poor medical facilities and poverty because many can’t afford to pay medical costs, yet some of the ministers quietly seek medical treatment abroad.

The judiciary system not only corrupt but also inefficient and weak, allowing the elites that commit financial crimes and administration frauds in the country to enjoy impunity, while only goat and chicken thieves appear in the daily news being sent to prisons.

If you are a Ghanaian and happy about this economic disaster in the country, means there is another place you gain your illicit income. The truth is the economic hardship Ghanaians are facing currently facing is just the tip of the iceberg.

They must be prepared to pass through real economic turbulence now and after the new year.

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