A Lecturer at Ashesi University, Dr.\u00a0Esi\u00a0Ansah has advised government to work with the private sector to address Ghana\u2019s economic challenges.<\/p>\n
\u201cI am looking for a time when our leaders will engage with people in the private\u00a0sector such\u00a0as the CSOs \u00a0to figure out some of the things they can do to fix Ghana\u2019s problems,\u201dDr.\u00a0Ansah\u00a0proposed.<\/p>\n
Government has been criticized for \u00a0its failure to halt the depreciation of the\u00a0cedi, high inflation rate, rising budget deficit and increased cost of borrowing and other economic challenges facing the country.<\/p>\n
A group of protesters on Tuesday took to the streets to demonstrate against what they describe as\u00a0unfavourable\u00a0economic conditions in the country.<\/p>\n
The group also threatened to stage more demonstrations if government fails to address the current challenges facing the country.<\/p>\n
Inflation currently stands at 14.7 percent, representing the highest rate since Feburary 2010.<\/p>\n
An economist, Dr Mahamadu Bawumia earlier this year, described Ghana’s economy as a crisis situation.<\/p>\n
According to him, Ghana must ask the International Monetary Fund(IMF) for a bailout for the ailing economy.<\/p>\n
Speaking on\u00a0Citi FM<\/strong>\u2019s News Analysis\u00a0Programme,\u00a0The Big Issue<\/i>, Dr Esi Ansah described Tuesday’s protest as \u00a0\u201cthe beginning of just an awakening of citizens.\u201d.<\/p>\n She decried the state of affairs in the country saying \u201cwe [Ghana] have fuel shortages, we don\u2019t have running water, the currency has depreciated so quickly, and there is a lot of helplessness and despondency.\u201d<\/p>\n According to her, though the country\u2019s challenges are not new, it will make a big difference if\u00a0government\u00a0takes immediate steps to address the problems.\u201cThese challenges are not new, but if you were in an\u00a0era\u00a0that you felt that something was being done, that will make a difference.\u201d<\/p>\n Dr.\u00a0Ansah\u00a0further \u00a0attributed the surge in corrupt practices in the country to a system failure. \u201cThe corruption we see is not about individuals who are\u00a0greedy but\u00a0a system failure.\u201d<\/p>\n <\/p>\n By: Marian Efe Ansah\/citifmonline.com\/Ghana
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