Founder of the African Center for Economic Transformation, Dr Kingsley Y. Amoako, has asserted that Ghana has lost its momentum in economic transformation.
He made this statement at the Ghana Compact Citizens Convention held at the University of Ghana, where leaders convened to discuss a comprehensive vision for the nation’s political and economic future.
The Citizens’ Convention is part of the Ghana Compact process, an initiative aimed at fostering a consultative dialogue among all stakeholders to develop a vision for Ghana— a Compact for Ghana’s Political and Economic Transformation.
The convention’s main objective is to finalize the provisions of a ‘Social Contract,’ an agreement between Ghana’s leaders and citizens that outlines the nation’s collective aspirations and goals through 2050.
This contract will detail the responsibilities and commitments of both ordinary citizens and the country’s leadership to ensure these goals are met.
In his address, Dr. Amoako highlighted that despite some economic growth, Ghana’s economy remains vulnerable to crises and has not significantly improved the livelihoods of its citizens.
Speaking to the media, Yaw Baah, General Secretary of the Trade Union Congress, emphasized that the compact will serve as a reference for electing future leaders to ensure accountability.
Additionally, Kodjo Mensah Abrampah, Director-General of the National Development Planning Commission, announced plans to restructure the National Development Planning Committee to better fulfill its functions and incorporate citizen feedback.