Politics Is The Major Course Of Ghana’s Economic Challenges – Dr. Ishmael Yamson

Chairman of the Ishmael Yamson and Associates, Dr. Ishmael Yamson, has said, Ghana needs visionary and transformational leaders who will stand up against all odds and say I’ll only do what will benefit my people.

According to him, until we create an economy that is robust, the unemployment issue will still remain. Explaining that, “We need to sit down and create about a 90% employable economy, an absorbable economy for the people.”

Reacting to a question on the state of the country’s debts, Dr. Yamson said, “There should be a course of worry about how we invest with borrowed monies, rather than the cost of debts.” However, he said government is doing well on the economy, attributing it to the country’s economic asserts which are doing well on the world market.

Dr. Yamson also emphasised on the fact that, “Politics is the major course of our economic challenges such as poverty, unemployment and inequality. Politicians destroy the economy every four years during elections and then fall onto aids and IMF with some kind of unthinkable conditionalities.”

He was addressing the press at a conference on the State of Ghana’s economy and the way forward in Accra.

To discuss current issues that serve as potential indicators of how the country’s economy is faring and what can be done to better the economy, Dr. Ishmael Yamson said, they are set to hold their fifth business roundtable dialogue to bring together business executives, stakeholders, policy makers and non-governmental organizations.

The event which will be on the theme “Ghana, in search of prosperity,” will enable participants explore approaches which can help the country deliver strong and sustainable economic performance.

Dr. Ishmael Yamson said, the discussion will be centered on five keys areas which when properly maintained will help Ghana gain economic transformation, and help citizens enjoy prosperity.

“The speakers and roundtable discussions will address five key topics, that is good corporate governance, national and enterprise level competitiveness as drivers for creating prosperity, leveraging the power and potential of Ghana’s human capital, social mobility and stability as well as security. All these areas are connected”, He noted.

“We need people to understand the current and emerging issues and opportunities of Ghana’s economy and the impact of these on us. The country must come to appreciate the consequence that will come with failing to provide prosperity for its people.

We also need to as a country, identify available opportunities to drive the national economic transformation, increase enterprise level growth and create widespread prosperity”, he added.

Speakers at the event will include Mr. Charles O. Boamah who is the Senior Vice-President of the African Development Bank Group, Mr. Kojo Addae-Mensah, Group Chief Executive Officer at Databank Asset Management Services Ltd, Security Analyst, Kwesi Anning and Mr. Paul Kingsley Acquah, former Deputy Director for the Africa Department of the International Monetary Fund (IMF).

He said the programme, which Ghana’s prosperity, would take off at the La Palm Royal Beach Hotel in Accra on May 30.


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