{"id":6859,"date":"2024-05-07T12:44:20","date_gmt":"2024-05-07T12:44:20","guid":{"rendered":"https:\/\/sotnews.agency\/?p=6859"},"modified":"2024-05-07T14:36:18","modified_gmt":"2024-05-07T14:36:18","slug":"the-solutions-to-ghanas-economic-issues-are-far-from-rocket-science-kwakye","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=6859","title":{"rendered":"The solutions to Ghana\u2019s economic issues are far from rocket science \u2013 Kwakye"},"content":{"rendered":"
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\n \t<\/i> Read Time:<\/span>2 Minute, 49 Second <\/div>\n\n <\/div>

The Director of Research at the Institute of Economic Affairs ((IEA), Dr John Kwakye, believes that it should not be a big issue for the managers of Ghana\u2019s economy to address the challenges.<\/strong><\/p>\n

In his view, the solutions are far from rocket science.<\/p>\n

In a post on his X platform, Dr Kwakye said \u201cIt seems to me that the managers of Ghana\u2019s economy are like the managers of Manchester United. Both seem clueless in addressing the problems confronting them, although the solutions are far from rocket science.\u201d<\/p>\n\n

Dr John Kwakye however observed that the presidential candidates are making good policies ahead of the 2024 general elections.<\/p>\n

He noted that they are promising economic transformation, lean government, fiscal discipline, and natural resource ownership, among other things.<\/p>\n

Ahead of the general elections, the flagbearer of the New Patriotic Party (NPP) Dr. Mahamudu Bawumia, has promised to ensure 100% Ghanaian ownership of mineral resources if elected into power.<\/p>\n

This commitment stems from his observation that the current framework of Ghana\u2019s mining sector creates the perception that Ghanaians do not have full ownership of the country\u2019s minerals.<\/p>\n

Bawumia articulated this promise during his inaugural regional tour, commencing in the Eastern Region, where he engaged in discussions with religious leaders on April 29, 2024.<\/p>\n

\u201cI am going to refocus our paradigm for natural resource management. For the most part, Ghana has not maximised the benefits of our natural resources.<\/span><\/p>\n

\u201cSince the days of the Portuguese in the 15th century, gold has always been taken out of Ghana. We haven\u2019t benefitted much from our natural resources; I am going to change that paradigm. I am going to bring a bigger focus on ownership of our natural resources.\u00a0<\/span><\/p>\n

\u201cIt is as if right now we don\u2019t own our natural resources. I believe that if we do the exploration; and we are going to empower our universities and the geological service department to do the exploration, once we explore that we have seven gold belts that we haven\u2019t yet discovered. Once we have explored and we know that the gold is here, the new policy is going be that the ownership of those resources will be one hundred per cent owned by Ghanaians,\u201d he stated.\u00a0<\/span><\/p>\n\n

Dr Bawumia\u2019s counterpart in the National Democratic Congress (NDC), Former President John Dramani Mahama also promised, among other things,\u00a0 to run his administration with not more than 60 ministers and deputies if re-elected as president in 2024.<\/p>\n

\u201cI shall assemble and operate the leanest but most efficient government under our fourth republic. We will reduce, significantly, the size of the government. As I announced in my Ghana We Want address at UPSA late last year, I will form a government of less than sixty (60) ministers and deputy ministers of state,\u201d he said when he launched his campaign in Ho on Thursday, March 2, 2023.<\/p>\n\n

Dr Kwakye says that these policies are good however he wondered whether they would deliver if elected.<\/p>\n

In a post on his X platform, Dr Kwakye said \u201cThe presidential candidates seem to be proposing good policies: economic transformation, lean Govt, fiscal discipline, simplified and low taxes, natural resource ownership and value-addition, maximising the use of our resources and capacities, etc. But, will they deliver?\u201d<\/p>\n

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The post The solutions to Ghana\u2019s economic issues are far from rocket science \u2013 Kwakye<\/a> first appeared on 3News<\/a>.<\/p>

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