An Economic Consultant, Professor Cletus Dordunoo has accused successive governments, including that of Ghana�s first president, Osagyefo Dr Kwame Nkrumah of pursuing narrow economic vision hence, the fragility of the nation�s economy today.
This is contrary to the New Patriotic Party�s resolve to blame the current shocks in the economy entirely on the Mahama-led administration.
He noted that successive governments from the administration of Dr. Kwame Nkrumah to the present regime must equally be blamed for not restructuring the country�s economy due to pressures.
Professor Cletus Dordunoo, who is also a former Board Member of the Ghana Revenue Authority, says the economy in the West African nation has not been in a good state since the days of the first president, Osagyefo Kwame Nkrumah, thus among fragile economies in the world.
�[In] our 56 years of independence, we have never put the wheels of economic growth on the road.�
Justifying his views on TV3�s Headlines programme on Saturday, July 13, 2013 Professor Dordunoo said: �The economy has not been able to sustain steady supply of water or energy, particularly electricity.�
He blamed the situation on successive government�s sole targeting of single-digit inflation, at the detriment of other sectors of the economy.
�We have to have multiple targeting,� he recommended.
He said: �Unemployment itself is a misery to the economy�.
His comment comes on the heels of a press conference held by the opposition New Patriotic Party (NPP) questioning the Minister of Finances' assurance that the economy is doing well.
According to the financial guru, manufacturing is the �exhaust� of any booming economy, and that should be the vision of government.
He also observed that Ghanaians are indifferent to payment of tax because the results are not visible enough.
�Ghanaians are very wise people that if they see the value of their taxes, they will continue to contribute,� he said, advising government to widen the tax net in order to get more people contribute.
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