Ghana's country wide financial system's structure, establishments and structures are the essential drivers impeding the u . s .'s socio-monetary development. Anything else than solving this essential issue, it could be argued, will handiest offer an synthetic technique to our demanding situations.
I vividly remember Nana Akufo Addo (as he then was) in handing over his keynote deal with on the third Business Law Conference of the Nigerian Bar Association (NBA) on March 26, 2008, in Abuja, touchingly said that the "basis of commercial enterprise is the lifestyles of robust and impartial establishments". A 12 months later, President Barack Obama (as he then was) bolstered this notion via way of means of declaring that "Africa wishes robust establishments and now no longer strongmen".
Recently, the Vice President, Dr Mahamudu Bawumia, echoed comparable mind at some point of the revealing of the Ghana Electronic Pharmacy Platform (ePharmacy), declaring, amongst different things, that “...ultimately, we should all don't forget which you can't remodel an financial system with simply brick and mortar. You can handiest remodel an financial system with ideas, structures, and establishments."
The arguments being canvassed via way of means of those awesome leaders of our era comprehend the essential abnormality with the manner international locations in our location of the globe have endeavoured to paddle the direction in their country wide development at the returned of weaker establishments and structures. Dr Bawumia's hold close of the scenario has been steady together along with his advocacy and readability of imaginative and prescient in solving this essential issue. As a long way as I can tell, his technique to coping with issues stems from confronting them from the lowest up, thru a complete root motive evaluation.
Dr Bawumia has made sincerely formidable efforts over time to redefine and unencumber our financial system the usage of digitalization to reinforce our establishments and structures in constructing a brand new Ghana deserving of the title "Gateway to Africa." He is a person of unusual ideas, and his management and understanding are rightfully required for our u . s .'s subsequent essential agenda.
Arguably, the maximum outstanding method to remedy structural flaws in our establishments and structures is to restrict their human interface and formalise them with the usage of modern technology thru a well-established digitalization framework. While digitalization strengthens our establishments and structures, it additionally simplifies lifestyles for all Ghanaians.
We might also additionally construct powerful establishments and structures via way of means of growing productivity-output, doing away with bureaucratic bottlenecks, deepening efficiency, and confronting corruption. Effectively, no u . s . has scaled enormous increase with weaker establishments and structures. Thus, bricks and mortar are in no way enough to spur monetary increase and should be balanced via way of means of robust establishments and structures that lend impetus to the nation's capacity.
My days withinside the United Kingdom whilst reading for my postgraduate diploma has taught me at once how establishments and structures enhance now no longer simply the financial system however additionally people's lives. As a people, we're equipped to interact in comparative evaluation with many evolved international locations. However, we've overlooked the truth that the distinction among them and us, however, lies withinside the robustness in their establishments and structures.
Imagine a Ghana in which people do now no longer should queue at an group to sign up their organizations however accomplish that remotely from the consolation in their homes. Imagine a Ghana in which each Metropolitan/Municipal/District assembly, from the consolation in their offices, can become aware of each unmarried constructing of their catchment area. Imagine a Ghana wherein each individual's biometric information is saved in a unmarried database. Imagine a Ghana wherein the country has get right of entry to to each individual's file thru an included database. Imagine a Ghana in which you do not want a senior country respectable that will help you get positive respectable paintings done. Some of those and different blessings are viable if we beautify our establishments and structures to suit international standards.
Dr Mahamudu Bawumia arguably has been a champion of this systematic transformational method. We should together include this attempt because the 4th revolution is right here to stay! Despite a few early accomplishments in Dr Bawumia's useful endeavour, his critics have now no longer ceased misrepresenting and attacking his person. These criticisms, especially the ones accusing him of forsaking the financial system, is probably the end result of authentic false impression or a planned ploy. They fail to comprehend that country wide monetary prosperity can't be sustained withinside the absence of more potent establishments and structures.
I am stimulated via way of means of Dr Mahamudu Bawumia's expertise of the essential demanding situations confronting our u . s . and his unwavering constancy to fixing them from the lowest-up. As a leader, serving below President Akufo Addo, as his 2nd in command, he has established wit and grit while confronted with deep-rooted demanding situations that could daunt others. Therefore, Dr Bawumia would require the govt authority withinside the subsequent segment to make the vital reforms in order to recognise our founding fathers' dream of making prosperity for all.
I am definitely hopeful that the NPP and the relaxation of Ghanaians might be capable of examine among the traces while the time involves make that crucial selection of who leads them. Our collective destinies dangle on our choice.--
Chief Obosu Mohammed
LL.M MA ACIarb LL.B DPA
obosu.mohammed@gmail.com