A Political Scientist at the University of Ghana, Professor Ransford Gyampo, has lamented the unfortunate condition of the nation’s economy.
Prof. Gyampo’s response follows the severity measures reported by the Finance Minister last Thursday to pad the populace in the midst of the current financial emergency.
The Political Scientist scrutinized the reasoning behind government’s choice to get $2 billion to assist with balancing out the devaluing nearby cash.
“The reasoning behind acquiring $ 2 billion to set up a solitary mediation that will add to procuring ¢3.6 billion is very risky,” he said.
In an open letter, he noticed that administration has bombed tragically to use the country’s gigantic assets to produce sufficient income.
“We have cash and enormous assets, simply that the political elites are neglecting to contemplate how we can successfully raise them. For what reason would we say we are getting just 5% of our mineral assets and not 50 or 60 percent as happens somewhere else? For what reason are we becoming around 13% of our oil incomes and not around 60%?” he tested.
He further asked why government can’t gather sufficient returns from the nation’s assets.
“What keeps the current political elites from reconsidering such arrangements to get us greater incomes from normal assets being taken advantage of from our own property for the advancement of others’ nations?”
As per him, rather than government’s undying mission to pass the E-demand, it ought to rather reevaluate concurrences with a portion of the worldwide organizations taking advantage of the country’s assets to make due with better arrangements that would produce more income for the country.
Prof. Gyampo asked the public authority to be more dedicated to resuscitating the economy and avoid the simple talking points.
“It is valid, y3 tse sika in this way, nanso okom de y3n. We sit on immense assets, yet we are ravenous. Our chiefs should thoroughly consider a portion of these areas of asset activation and show somewhat more responsibility past the talking points to assist us with accomplishing past unremarkableness. For the people who have done these to achieve advancement in their nations are worse individuals than us,” Prof, Gyampo said.
He focused on that administration’s “affinity to invest a lot of exertion and waste energy just to raise allowance, when we really can do more to raise more” is unjustifiable to the goals and authoritative opinions of administration.
He mostly pinned government’s disappointment on the “firmly established obliviousness” and politicization of each issue by Ghanaians.