You are here: HomeBusiness2024 07 29Article 1942807

Business News of Monday, 29 July 2024

Source: www.ghanaweb.com

'You must be in a certain ring to say Ghana is doing well' - Prof. Mensah laments economic inequality

Economist, Professor Lord Mensah Economist, Professor Lord Mensah

Executive Director of the Centre for Investment Advisory and Sustainable Finance (CIASF), Professor Lord Mensah, has expressed strong criticism of the economic inequality in Ghana.

In a post on his official handle on July 29, 2024, he highlighted the disparity between the elite and the average citizen, stating that the system benefits only a select few.

"The system works for very few. You must be in a certain ring to say Ghana is doing well," Professor Mensah remarked.

He pointed out the struggles of social media political operatives who earn GH¢800 a month, while their superiors enjoy significantly greater benefits.

"Your boss is eating the bread and giving you crumbs," he posted.

Professor Mensah also criticized the hoarding of foreign currency by the elite, leaving the general population with a devalued cedi and an uncertain future.

"They are hoarding the dollars and giving you cedi without a future. Think!" he urged.

His comments come amid calls by Ghanaians for economic reforms and greater equity in the distribution of wealth in Ghana.



ID/MA

Watch the latest edition of BizTech below:



Ghana’s leading digital news platform, GhanaWeb, in conjunction with the Korle-Bu Teaching Hospital, is embarking on an aggressive campaign which is geared towards ensuring that parliament passes comprehensive legislation to guide organ harvesting, organ donation, and organ transplantation in the country.

Click here to follow the GhanaWeb Business WhatsApp channel