Dr. John Quake, Director of Research at the Institute of Economic Affairs (IEA), believes that just as English Premier League giants Manchester United’s poor treatment has led to their poor performance, Ghana’s economy has also been badly treated. He said that
In his view, the Ghanaian economy and Manchester United’s management are clueless in dealing with their own challenges.
In a post on his They seem ignorant when it comes to dealing with the problems they face.”
However, Dr. John Quake observed that presidential candidates are putting forward good policies for the 2024 general election.
He noted that they promise, among other things, economic transformation, lean government, fiscal discipline, and ownership of natural resources.
Ahead of the general election, New Patriotic Party (NPP) flag bearer Dr Mahamudu Bawumia has promised to ensure Ghana has 100% ownership of its mineral resources if elected to power.
This initiative stems from his observation that the current framework of Ghana’s mining sector creates a perception that Ghanaians do not have full ownership of the country’s minerals.
Mr. Bawumia made this commitment clear during his first regional tour, which began in the Eastern region on April 29, 2024, where he held consultations with religious leaders.
“I am going to refocus the paradigm of natural resource management. Most of the time, Ghana is not making the most of the benefits of its natural resources.
“Gold has always been taken out of Ghana since the time of the Portuguese in the 15th century. We have not benefited much from our natural resources. I will change that paradigm. We’re going to focus more on ownership.
“It’s as if we don’t own any natural resources right now. I believe we will if we do our research. And there are seven gold belts that we have yet to discover. Once we find out, we will authorize the university and the geological services department to conduct the exploration. Once the investigation is complete and we know there is gold here, the ownership of those resources will be 100 percent owned by Ghanaians. New policies will be put in place,” he said.
Dr. Bawumia’s counterpart in the National Democratic Congress (NDC), former President John Dramani Mahama, has also promised that if he is re-elected as president in 2024, he will run the government with no more than 60 ministers and deputy members. did.
“I intend to organize and run the leanest but most efficient government under the Fourth Republic. We will significantly reduce the size of government. “As I announced in my We Want speech, I intend to form a government of fewer than 60 ministers and deputy ministers,” he said while launching his election campaign in Ho on Thursday, March 2. Ta. 2023.
Dr. Quake said that while these policies are good, he doubts they would be implemented if elected.
“Presidential candidates advocate good policies such as economic transformation, lean government, fiscal discipline, simplified and low tax rates, natural resource ownership and value addition, and the best use of our nation’s resources and capabilities,” he said. They seem to be proposing it, but I wonder if they will do it.” deliver? “