Ghana needs ethical and visionary leadership

Ethical and visionary leadership is paramount for Ghana to overcome the challenges it faces, including corruption, inflation, and high taxation.

Ghana’s total debt has skyrocketed to GH¢742 billion, with a significant increase happening in just eight years under the NPP government, adding GH¢620 billion. Unfortunately, the massive debt hasn’t translated into meaningful transformation for the country. The mismanagement of funds is evident, with alarming reports of misused resources:

– GH¢52 billion went missing in 2020.
– The Bank of Ghana faced a loss of GH¢60 billion.
– An excessive amount of over USD$58 million was allocated to Akufo Addo’s Cathedral project.
– Alleged expenditure of GHGH¢2.9 billion on planting for food and jobs.
– Despite borrowing substantial sums, Ghana struggles with debt defaults.
– The exchange rate reached a high of over GHGH¢15 to a dollar.
– Unemployment soared to a record high of 14.7%.
– Ghana’s economy downgraded to junk status.
– Inflation hitting record highs.
– Fuel prices escalating, with one gallon costing GHGH¢70.
– ⁠Handing over of key infrastructure development projects by public servants to foreign entities with low or no citizen participation.
– ⁠Sale of Ghana government land and buildings to public servants at an undervalue.

To steer Ghana in the right direction, ethical and moral leadership is imperative. Leaders should prioritize transparency, accountability, and integrity in governance. Measures such as effective oversight, stringent anti-corruption policies, and prudent financial management are essential.

A focus on investing borrowed funds wisely into projects that benefit citizens and foster sustainable development is crucial. Prioritising sectors that create jobs, enhance infrastructure, and boost economic growth can lead to tangible improvements in the country’s well-being.

Addressing the root causes of corruption and implementing mechanisms to ensure public funds are used judiciously is key. Holding individuals and institutions accountable for financial mismanagement and promoting a culture of ethical conduct are fundamental steps towards rebuilding public trust and confidence.

Additionally, promoting fiscal responsibility, sound economic policies, and prudent debt management practices are vital in stabilising Ghana’s economy. Sustainable measures to reduce inflation, bolster employment opportunities, and improve the business environment should be central to the government’s agenda.

By fostering a culture of ethical leadership, rooted in integrity and a genuine commitment to serving the country and its people, Ghana can overcome its current challenges and pave the way for a more prosperous and sustainable future.

Writer: Bishop Dr. Suzanne Nti/Chairperson Crusaders Against Corruption Ghana