We need to fix structural economic issues – Nhyiaeso MP

Former Deputy Finance Minister Dr. Stephen Amoah stresses that Ghana must tackle fundamental economic issues for long-term stability.

In an interview on JoyNews’ PM Express, he argued that structural weaknesses persisting across successive governments are at the root of the nation’s struggles.

He cited Ghana’s heavy reliance on imports, which leaves the country vulnerable to global shocks, as seen during the COVID-19 pandemic, and the high cost of doing business that burdens the private sector and deters investment.

Amoah emphasized that while controlling inflation is important, broader economic reforms are needed.

He called for a strategic model that promotes self-reliance, reduces borrowing, and fosters a competitive business environment, warning that without these changes, economic progress will remain uncertain regardless of the ruling party.