Ghana’s economy needs paradigm shift – Ishmael Yamson and Associates

General News of Monday, 28 May 2018



CEO Raymond Ackah (right) and COO Harry Yamson (left) of Ishmael Yamson and Associates

The Chief Executive Officer of Ishmael Yamson and Associates Raymond Ackah says there is the need for a paradigm shift if the Ghanaian economy is to experience actual prosperity.

According to him, the economy cannot see any practical growth if things continue in the current state.

“If we want to pursue prosperity, we cannot continue doing things in the same old manner. We are in an economy where when external drivers are in our favour, we have a boom, when there is a shift, we have a burst. We have strategies and plans for this economy that still depend on the kindness of the weather.

“We don’t have common values that mention things we will do or not do as an economy. We must make some decisions that will drive us into Prosperity as a Nation. We are spending our budgets on things that wouldn’t come back. Things that wouldn’t bring returns” Mr. Ackah told Morning Starr host Francis Abban Monday.

Also commenting on the need for a different economic direction, the Chief Operating Officer of Ishmael Yamson and Associates Harry Yamson bemoaned the continued reliance on rainfall pattern for growth in the Agriculture sector.

“We have a very big focus in agric. Many will tell you Agric is highly dependent on Rainfall patterns. 1 Village : 1 Dam…depends on Rain. Planting for Food and Jobs…we need rain. We sit on goldmines that has nothing to do with the dependence on rain and we are doing very little,” he said.

Ishmael Yamson and Associates will be having a roundtable on Wednesday, May 30, 2018, to explore the Ghanaian economy.

Themed “Ghana, in search of prosperity,” the roundtable will host business executives, stakeholders, policymakers and non-governmental organizations to discuss current economic challenges in the country and how to address them.

The discussion will center on five thematic areas namely, security, governance, competitiveness, human capital development and social mobility.

Speakers at the event will include Mr. Paul Kingsley Acquah, former Deputy Director for the Africa Department of the International Monetary Fund (IMF), Security Analyst, Kwesi Anning, Mr. Kojo Addae-Mensah, Group Chief Executive Officer at Databank Asset Management Services Ltd and Mr. Charles O. Boamah who is the Senior Vice-President of the African Development Bank Group.

The programme will be held at the La Palm Royal Beach Hotel in Accra.

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