Diversify or Die: Economist Pushes Gov’t to Move Beyond Raw Commodities
In order to maintain the Cedi’s success, Ghana must include the informal sector into its development strategy and provide it with infrastructure-driven initiatives, according to Ebenezer Amankwah-Minkah, Executive Director of the Center for Economic Research and Policy Analysis (CERPA). Speaking at the 14th Ghana Economic Forum in Accra, he pointed out that while Ghana’s macroeconomic indices have improved significantly, real stability and sustained growth need directing these gains toward infrastructure, inclusive development, and productive industries. In order to increase employment and productivity, he recommended the government to concentrate on making strategic investments in digital, energy, and extractive infrastructure. He emphasized that more than 86% of Ghana’s workforce works in the unorganized sector and urged intentional strategies to formalize it via digital inclusion, social protection, training, and financial access. In order to lessen an excessive dependence on raw materials, Mr. Amankwah-Minkah also emphasized the need of export diversification and value addition, arguing that resilience and transformation are necessary for long-term development.
