Lawyer Kwame Jantuah has shared his thoughts on the current state of the Ghanaian economy and the challenges the government faces in addressing it.
Speaking in an interview with Roland Walker on TV3 monitored by MyNewsGH, Jantuah acknowledged the difficulties of repairing the economy in such a short time frame, especially given the country’s current position.
“The economy is not in a state where it can be repaired overnight,” Jantuah said. “We are in a ditch, on a cliff, and the road to recovery is not easy.”
He went on to describe the process of recovery as a difficult one, comparing it to climbing out of a deep cliff, where “the rocks are rugged and many things can happen before reaching the top.”
Jantuah emphasized that while the president’s 120-day plan outlines key goals, such as addressing food availability, it does not directly address the lowering of food prices.
He pointed out that the economy is influenced by external factors such as rising petrol prices, inflation, and international costs, which ultimately affect the pricing of goods and services in the country.
“The economy will determine the prices,” he stated. “The challenge lies in managing these factors, especially when the cost of fuel and inflation continue to rise.”
For Jantuah, the key to navigating this challenge is collaboration among the various government ministries.
He stressed the importance of effective distribution of the country’s resources to ensure that the most critical sectors, such as agriculture, energy, and transportation, receive the support they need to function effectively.
“Ministries need to work together,” Jantuah said. “The Minister of Agriculture, for instance, is responsible for ensuring food availability and sustainability, while the Minister of Finance plays a crucial role in distributing the country’s wealth across sectors.”
