\n
A professor of Economics at the New York University in the United Arab Emirates, Yaw Nyarko, says citizens must have low expectations of government to address inequalities among citizens.<\/p>\n
He said that it was impossible for the government to solve problems of inequalities due to inefficiencies, lack of capacity and scarcity of resources to do so.<\/p>\n
\u201cYou guys complain that the Ghana government is corrupt. So why do you want the government to do everything,\u201d he said during the opening ceremony of the 6th International Research Conference organised by the College of Humanities of the University of Ghana in collaboration with Oxfam International Ghana.<\/p>\n
The theme for the event was, \u201cAddressing inequalities: Building Socio-economic and Environmental Resilience for Sustainable Development.\u201d<\/p>\n
Prof. Nyarko observed that to meet citizens\u2019 expectations, the government had been keen on raising more revenue through the imposition of taxes which made citizens worse off and further widened the gap of economic inequality among citizens.<\/p>\n
\u201cAs we think about taxes and we think about draining people, there is a cost to all of that. Be careful,\u201d he said.<\/p>\n
He informed that the minimum wage is an economic tool for improving the standard of living and for that matter, inequality could be a two-edged sword that could help people earn higher income and deprive people of work due to the inability of employers to offer lower wages.<\/p>\n
He said there was no one-size-fits-all approach to addressing inequalities and so called for thorough deliberation in the formulation of policies that seek to address inequalities.<\/p>\n
\u201cFor Africa, it has to be about economic transformation, first and foremost, then technology and markets,\u201d he said.<\/p>\n
Mr Mohammed-Anwar Sadat Adam, Acting Country Director, Oxfam International Ghana, indicated that the organisation was committed to collaborating with like-minded entities to fight against inequalities.<\/p>\n
\u201cWe tackle not just the symptoms but the systems that perpetuate inequality,\u201d he said.<\/p>\n
Source:\u00a0<\/strong>GNA<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
A professor of Economics at the New York University in the United Arab Emirates, Yaw Nyarko, says citizens must have low expectations of government to address inequalities among citizens. He said that it was impossible for the government to solve problems of inequalities due to inefficiencies, lack of capacity and scarcity of resources to do […]<\/p>\n","protected":false},"author":1,"featured_media":183995,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":{"0":"post-183994","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business"},"yoast_head":"\n
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