National development requires upgrade, reset, restore & restructuring

The current state of Ghana requires a combination of upgrading, resetting, restoring, and restructuring across all sectors of the economy, including the majority of unprofitable, counterproductive, and redundant policies and programs.

Comprehensive sustainability of national development is achieved through continuous improvement of good policies, coupled with upgrading, reviewing, resetting, and discontinuing ineffective policies.

Policies and programs such as the Free SHS Policy, One District One Factory, One Constituency One Ambulance, Digital Economy (Digitization & Digitalization), and Roads & Infrastructure call for an upgrade.

Issues such as cronyism (appointment of a large number of family and friends to serve in government), nepotism, favouritism, winner-takes-all politics, unnecessary undermining of private businesspersons, corruption, nuisance taxes (including E-levy), galamsey (illegal mining), youth unemployment, National Cathedral construction, unprecedented national debt, the Domestic Debt Exchange Programme, activities of the Bank of Ghana, and the downgrade of Ghana’s credit ratings call for resetting.

Good governance, accountability, adherence to the rule of law, discipline, non-interference in state institutions, integrity of the judiciary, good moral values, fundamental human rights, tolerance of divergent views, and absolute independence of the media call for restoration.

The economic architecture of Ghana seriously calls for restructuring aimed at addressing the fundamentals of the economy, including the macroeconomic, microeconomic, fiscal, and monetary policies of the government. The rapid depreciation of the cedi, coupled with high interest rates, unstable inflation rates, and a higher debt-to-GDP ratio, calls for restructuring of Ghana’s economy.

At this point, we cannot rely solely on upgrading or resetting to further develop the country for the greater good of all citizens.

We cannot upgrade the ineffective policies and programs of Akufo-Addo’s government or those of previous governments, especially Mahama’s administration.

We also cannot reset all the excellent policies and programs of Akufo-Addo’s government and that of previous governments, including Mahama’s administration.

There is a need to upgrade and restore the effective policies and programs, and reset and restructure the ineffective policies and programs of both the current and previous governments.

For instance, in June 2020, the World Economic Forum (WEF) launched the GREAT RESET INITIATIVE aimed at facilitating rebuilding from the global COVID-19 crisis in a way that prioritizes sustainable development. The Great Reset Initiative covered three major objectives:
1. Creating conditions for a “stakeholder economy.”
2. Building in a more “resilient, equitable, and sustainable” way, utilizing environmental, social, and governance (ESG) metrics.
3. Harnessing the innovations of the 4th Industrial Revolution.

It is quite challenging to pinpoint exactly the policy anchors of the NDC’s ‘Resetting Ghana’ agenda.

How do we reset Ghana without policy anchors and an economic framework enshrined in the manifesto?

A 24-hour economy is beneficial for upgrading the economy, not resetting it.

How do we upgrade Ghana without first paying necessary attention to restructuring the economy?

How do you holistically upgrade Ghana without making Ghanaians aware of your concrete and detailed policy synergies of the Macro-Model of Corporate Entrepreneurship & Innovations and Micro Model Enterprises?

How do you implement the Great Transformational Plan without an upgrade, reset, restore, and restructuring? The 10 Pillars of the Great Transformational Plan (GTP) are not detailed enough to address the multi-dimensional problems of the national and local economies of Ghana.

As for the smaller parties and over 20 independent presidential candidates, almost all of them lack any superior intellectual policy document for the socioeconomic transformation of Ghana. They are behaving as “attack dogs” and acting as interest-driven pressure groups in our democracy.

Not every policy or program needs a reset.

Not every policy or program requires an upgrade.

Some policies and programs, in fact, need outright deletion or discontinuation with immediate effect from January 8, 2025.