Hubert Baidoo, Lead Economic Analyst for the New Force, has criticized Ghana’s leadership for the country’s lack of progress despite having many PhD holders in government. In an interview on the Happy Morning Show, Mr. Baidoo argued that the country’s stagnation is due to a disconnect between leaders’ qualifications and their commitment to national development.
“Ghana has many PhD holders in government, but that has not translated into economic progress,” Mr. Baidoo said. “PhD holders are equipped with advanced research skills, critical thinking, and expertise in their fields. They should be driving policy decisions, fostering innovation, and promoting economic growth. Instead, we see a lack of innovative solutions to our economic challenges.”
Mr. Baidoo emphasized that PhD holders in government should be leveraging their expertise to:
– Conduct in-depth policy research and analysis
– Develop innovative solutions to economic challenges
– Provide expert advice on national development strategies
– Foster collaboration between academia, industry, and government
“By failing to utilize the expertise of PhD holders, we are missing out on opportunities for economic growth and development,” Mr. Baidoo said.
He cited Japan as an example of a country that has effectively utilized its highly educated population to drive economic growth. “Japan has a high debt-to-GDP ratio, but its debt is largely owed to its citizens and denominated in Japanese Yen. This creates a trust-based relationship between the government and its people, who are willing to lend their money domestically.”
Mr. Baidoo noted that Ghana can learn from Japan’s approach by focusing on building reserves, creating well-paying jobs, and stimulating economic self-sufficiency. “We need to take control of our economic destiny and focus on domestic solutions, rather than relying on external debts that pose greater risks and diminish our control over our financial stability.”
The New Force is calling on the government to rethink its economic strategy and prioritize national development over political interests.
