Connect with us


Cause of Ghana’s Economic Woes Purely Political – Economist



Dr Theo Acheampong, a UK-based international petroleum economist has called on the current and successive governments to find innovative ways of plugging revenue loopholes.

He said Ghana’s failure to effectively generate enough revenue domestically has been the cause of the country’s over reliance on the international market to raise funds.

“I must say that since our country got exposed to the capital markets, we have become very lazy… Putting plasters on our [economic] wounds, but allowing them to fester unhealthily,” Acheampong said on Asaase 99.5 Accra’s Townhall Talk show.

“We treat the symptoms of our economic issues when clearly our political style is what is handicapping our development. This is a wider discussion that as a nation, we must have.”

He added: “I must stress that… our economy is a symptom of a bigger problem; a problem of a hard styled adversarial political structure that gives no room for bipartisanship.”


Copyright © 2020-GhanaFeed.Com-Ghana News, Breaking News, Original Reporting, News Analysis and Fearless Journalism.
GhanaFeed.Com is an independent news media providing original and unbiased online news reporting and news analysis. Our mission is to provide excellent fearless journalist. Through our team of trained journalists, we report on what you care about, break big stories that hold major institutions and political structures accountable for their actions, and expose injustices that change people's lives.