Founder of the African Center for Economic Transformation, Dr. Kingsley Y. Amoako, has expressed concerns over Ghana’s faltering progress in economic transformation.
Speaking at the Ghana Compact Citizens Convention at the University of Ghana, Dr. Amoako emphasized that the nation has lost its footing in advancing its economic agenda.
The Citizens’ Convention is a pivotal part of the Ghana Compact process, an initiative aimed at fostering inclusive dialogue among all stakeholders to develop a comprehensive vision for Ghana’s political and economic future.
The primary goal of the convention is to finalize a ‘Social Contract’—a strategic agreement between Ghana’s leaders and citizens that outlines the country’s collective aspirations and objectives through 2050.
This Social Contract is designed to delineate the responsibilities and commitments of both the citizenry and leadership, ensuring that the established goals are effectively pursued and achieved.
During his address, Dr. Amoako pointed out that despite some sectors experiencing growth, Ghana’s overall economic transformation has lost momentum.
He highlighted the economy’s ongoing vulnerability to crises and its failure to substantially uplift the livelihoods of its people.
In discussions with the media, Yaw Baah, the General Secretary of the Trade Union Congress, underscored the significance of the compact.
He noted that it will serve as a benchmark for electing future leaders, ensuring that they remain accountable to the nation’s objectives.
Additionally, Kodjo Mensah Abrampah, Director-General of the National Development Planning Commission, announced plans to restructure the National Development Planning Committee.
This restructuring aims to enhance the committee’s efficiency in fulfilling its core functions and integrating feedback from citizens.