– Says AGI
President of the Association of Ghana Industries (AGI), Dr. Humphrey Ayim Darke, has called for urgent structural reforms to address Ghana’s persistent economic challenges, which he says have not been effectively dealt with for over three decades.
Dr. Darke says these reforms should be included in upcoming election manifestos, questioning how the country can implement structural transformation to create room for economic stability from 2026 to 2027.
He adds that with the right interventions, seasonal headwinds like exchange rate fluctuations and commodity price drops can be effectively managed.
Speaking on Business Focus on TV3, monitored by The High Street Journal, Dr. Humphrey Ayim Darke emphasized that despite the efforts made in recent years, Ghana’s economy continues to grapple with significant structural difficulties that have persisted for over three decades.
He attributed this to the lack of effective reforms in addressing these deep-rooted challenges and stressed the importance of seeing these issues reflected in upcoming election manifestos.
“One will say that there are still structural difficulties that are inherent in the Ghanaian economy over the last three-plus decades. Such structural reforms have not been effectively dealt with and these are part of the policy propositions we seek to see in the incoming manifestos and elections,’’ he said.
Dr. Darke further raised a question about how Ghana can implement structural transformation given the ongoing economic challenges.
He highlighted that the country will need to create space for economic stability by 2026 and 2027, especially with the knowledge that seasonal economic disruptions, such as exchange rate fluctuations and commodity price drops, are inevitable.
However, he pointed out that with proper economic management and the right interventions in place, these seasonal challenges can be effectively controlled.
He added, “However, granted you can manage your economy properly and put the right intervention in there, such headwinds can be managed, like the exchange rate factors, commodity price drops that come in seasonally.”
