![]() Implementing Akufo-Addo’s campaign promises constituted a significant drain on the country’s finances. ![]() ![]() It didn’t matter to Akufo-Addo’s New Patriotic Party that these proposed policies were impractical and impossible to finance sustainably, particularly at a moment when Ghana was already in the throes of an International Monetary Fund (IMF) austerity plan that was a condition for a bailout of $918 million in 2015. To unseat then-President John Mahama in the December 2016 election, current President Nana Akufo-Addo promised to, among other things, make high school education (including boarding) entirely free reinstate allowances for nursing and teacher trainees that Mahama’s government had scrapped eliminate several so-called nuisance taxes introduced by Mahama’s government and build a factory in each of the country’s 261 districts. As a result, most politicians in office view the four-year election cycle as a period to ensure they win the next election-or accumulate enough wealth to leave with, in case they don’t. Instead, the overriding objectives of politicians have been winning elections, staying in power, and enriching themselves and their cronies-no matter the financial cost to the state. ![]() Politics in Ghana is an extremely costly affair.Īlthough Ghana has been heralded as a beacon of democracy over the years, the country’s political system has not been directed toward serving and uplifting the Ghanaian people. And while the incumbent government has blamed the country’s economic woes on the COVID-19 pandemic and the Russia-Ukraine war, analysts and experts, as well as the Ghanaian people, are well aware that Ghana’s economic troubles preceded the pandemic and are largely due to the country’s politicians’ penchant for overspending. The West African nation had long been held up as a model for economic growth and political stability. Ghana’s economic descent has surprised many. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |