Director of Research at the Institute of Economic Affairs, John Kwakye, drew a parallel between the Ghanaian government’s approach and the current struggles of the Premier League football club, Manchester United.
Drawing attention to the ongoing discussions about Manchester United’s lacklustre performance, Kwakye remarked that, similarly, Ghana possesses all the necessary resources for prosperity but laments that these resources are not being effectively utilised.
He attributed the country’s underperformance to issues of poor leadership and governance.
John Kwakye wrote on X: “Man U reminds me of Ghana. As a country, we have abundant resources and talent. Yet we can’t perform. And it’s all because of bad leadership. The NPP and NDC are like “Konongo Kaya.” They can’t do the job, yet they won’t allow anyone else to do it. It is a hopeless situation!”
Previously, the economist characterised the 2023 Christmas period as the most costly in Ghana’s history.
Through a series of posts on X, where he expressed concern about the state of Ghana’s economy, Dr. Kwakye pointed to the noticeable decrease in both economic and social activities as evidence supporting his assertion.
“When inflation skyrocketed to 54% in December 2022, it took prices to record highs. While it has decelerated since then, prices have continued to rise, though at lower rates. This Xmas will go down as the most expensive in our history! The relatively low activity is a testimony to that,” he posted.
Acknowledging the recent economic challenges in Ghana, President Nana Addo Dankwa Akufo-Addo asserted in his 2023 Christmas message that the country is on a path to recovery, attributing this positive shift to prudent management by his government.