Gloom and doom politics will not help Ghana

That Ghana’s economy is challenged is not in dispute. There are problems on virtually all fronts.

Unemployment rate is staggering, creating a new phenomenon called ‘graduate unemployment’.

The cedi is not doing well against the major international currencies, and its fortunes have been fluctuating since last year.

Thank God for donor partners’ support and inflows from Ghanaians abroad, as well as the readiness of multilateral agencies to help stabilise the currency.

Also, the ability of some public organisations such as the Ghana Cocoa Board (COCOBOD) and the Ghana National Petroleum Corporation (GNPC) to borrow from the international market is helping to shore up the Ghana cedi. But inflation and interest rates are very high.

These negative factors have made Ghana an expensive place for doing business and indeed local businesses are complaining that government borrowing on the local market is crowding them out of business.

Despite all