Africa’s economic woes blamed on reliance on economic indicators

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ELINAM 9 years ago

The K4s and Mahamas of Africa get bloated when Oyibo tell them they're growing at 11% meanwhile no job for the ppl. The 11% growth is only in gold, diamond and oil where oyibo takes 95% living 5% for the fool.

The K4s and Mahamas of Africa get bloated when Oyibo tell them they're growing at 11% meanwhile no job for the ppl. The 11% growth is only in gold, diamond and oil where oyibo takes 95% living 5% for the fool.
Kuuluuluu busibie 9 years ago

WITH JUST ONE AZONGO AT THE HELM OF AFFAIRS IN EACH COUNTRY AFRICA, WITH ALL ITS RESOURCES WILL SURPASS THE WESTERN WORLD IN DEVELOPMENT IN TEN YEARS. EVERY GHANAIAN WANTS TO EARN A QUALIFICATION CALLED "A DEGREE', HOW EVER ...
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WITH JUST ONE AZONGO AT THE HELM OF AFFAIRS IN EACH COUNTRY AFRICA, WITH ALL ITS RESOURCES WILL SURPASS THE WESTERN WORLD IN DEVELOPMENT IN TEN YEARS. EVERY GHANAIAN WANTS TO EARN A QUALIFICATION CALLED "A DEGREE', HOW EVER WORTHLESS IT IS. AFTER THAT, AN MBA AND THEN READ LAW SO THAT HE WILL BE ADDRESSED AS A "LEARNED FRIEND". POLYTECHNICS AND TECHNICAL UNIVERSITIES ARE NOW TRAINING LAWYERS TO THE NEGLECT OF TRAINING SCIENTISTS, DOCTORS AND ENGINEERS. VICE CHANCELLORS WHO SHOULD KNOW BETTER HISS AND SPIT AT THE CREATIVE ABILITIES OF APOSTLE SAFO! HOW CAN WE MAKE IT!?
Mahmoud 9 years ago

The Bottom-up approach does not make free money readily available for the ruling elites to steal easily. Although Ghana still relies heavily on farming both for export and domestic consuption, successive governments invested ...
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The Bottom-up approach does not make free money readily available for the ruling elites to steal easily. Although Ghana still relies heavily on farming both for export and domestic consuption, successive governments invested very little on crop farming and animal husbandary including fishing. They prefer their corrupt investiments to tricle down from them to us, if they ever tricle down at all, and not from us to them.
Mahmoud 9 years ago

“Ghanaians are watching how a Chinese bus which cost $70,000 is being sold to us at the cost of $270,000; they are watching how one particular company has been awarded all the construction contracts at Kwame Nkrumah Circle, ...
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“Ghanaians are watching how a Chinese bus which cost $70,000 is being sold to us at the cost of $270,000; they are watching how one particular company has been awarded all the construction contracts at Kwame Nkrumah Circle, Tamale Airport and Kasoa interchange and yet there is no transparency”, he warned.
Nii Lante Okunka. 9 years ago

So let me ask the begging question,Mr Azongo.When African leaders pursue your so called bottom-up approach to accelerated development,what economic markers would we use to ascertain our performance,huh?
Me thinks,Sir your le ...
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So let me ask the begging question,Mr Azongo.When African leaders pursue your so called bottom-up approach to accelerated development,what economic markers would we use to ascertain our performance,huh?
Me thinks,Sir your learning has made you mad.There's no need to reinvent the wheel.The problem of economic stagnation in all the developing world is the pilfering of national resources by those in power and placing square plugs in round holes.
Economic indicators as employed to score development and growth has nothing to do with the poor showing of half a century of self-governance.So Mr Azongo stop being an ostrich and call a spade a spade.If we stop the looting of our resources,we would have more than enough resources to elevate our masses from the abject poverty they find themselves in.Please stop adding insult to injury,O.K!!!
Kofi 9 years ago

Right on, Nii!

Right on, Nii!
MARFO 9 years ago

NOT ECONOMIC INDICATORS BUT INABILITY TO PRODUCE MORE AND CONSUME MORE OF GOODS AND SERVICES AND DEPEND ON IMPORT.

NOT ECONOMIC INDICATORS BUT INABILITY TO PRODUCE MORE AND CONSUME MORE OF GOODS AND SERVICES AND DEPEND ON IMPORT.
HONESTLY 9 years ago

Now take a keen interest and read more. Enlighten ourselves, fellow Ghana. I have a thousand reasons why I can not trust the IMF or most international financial bodies.

Now take a keen interest and read more. Enlighten ourselves, fellow Ghana. I have a thousand reasons why I can not trust the IMF or most international financial bodies.
godson summy addo 9 years ago

scale adjustment in the cocoa sector is discouraging me and many of my friends from going into commercial cocoa production as HND graduates.

scale adjustment in the cocoa sector is discouraging me and many of my friends from going into commercial cocoa production as HND graduates.
HONESTLY 9 years ago

Boy, don't be discouraged, but think something new. What do you expect when prices of commodities like cocoa are fixed in London every 5:30pm. The government only add their bit and leave the hard working farmers to suffer. It ...
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Boy, don't be discouraged, but think something new. What do you expect when prices of commodities like cocoa are fixed in London every 5:30pm. The government only add their bit and leave the hard working farmers to suffer. It is time Ghanaians, stop bribery, train and elect patriotic leaders and after, demand their rightful portions irrespective of who is in power. Have a good day.
EMarbell 9 years ago

--not to mention that someone has received a Nobel for pointing out the need for human development indicators.

This is clearly one of the best pieces I have read on this forum.

--not to mention that someone has received a Nobel for pointing out the need for human development indicators.

This is clearly one of the best pieces I have read on this forum.
BOY KOFI 9 years ago

This is a healthy debate but it would have been better if Mr Azongo will have the courage to write his own economic theory which will benefit Africans.Thank you.

This is a healthy debate but it would have been better if Mr Azongo will have the courage to write his own economic theory which will benefit Africans.Thank you.
Richmond (Abigi) 9 years ago

Mr. Azongo should not write any new theory. He is just reminding us of an alternative theory, already in existence, which we keep ignoring. A good piece Azongo!

Mr. Azongo should not write any new theory. He is just reminding us of an alternative theory, already in existence, which we keep ignoring. A good piece Azongo!
BOY KOFI 9 years ago

Do you know how many economic theories we have in the world since ages?Give me one reason why he shoud not write his own theory?Thank you.

Do you know how many economic theories we have in the world since ages?Give me one reason why he shoud not write his own theory?Thank you.
Kwame Nkrumah 9 years ago

In an era of globalization, what you are proposing is not comprehensive enough, Mr. Azongo.

In an era of globalization, what you are proposing is not comprehensive enough, Mr. Azongo.
Kofi 9 years ago

Mr. Azongo, I don't think the problem is with the economic indicators but how true our economic indicators are. If the country cannot even undertake a credible population census, on what population are the economic indicators ...
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Mr. Azongo, I don't think the problem is with the economic indicators but how true our economic indicators are. If the country cannot even undertake a credible population census, on what population are the economic indicators based? If our economic indicators are cooked, how can they bear any relationship with the reality? So the problem is not with economic indicators per se but their accuracy.
KOSS 9 years ago

SAD STATE OF AFFAIRS IS POLITICIANS WHOKNOW LITTLE ABOUT ECONOMY BUT ARE CRAFTY TO STEAL LEFT RIGHT CENTER. GHANA AND FOR THAT MATTER AFRICANS ARE EASY TO SELL A COMMUNITY FOR LESS THAN NOTHING EVEN IF THEY KNOW IT DOESN'T WO ...
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SAD STATE OF AFFAIRS IS POLITICIANS WHOKNOW LITTLE ABOUT ECONOMY BUT ARE CRAFTY TO STEAL LEFT RIGHT CENTER. GHANA AND FOR THAT MATTER AFRICANS ARE EASY TO SELL A COMMUNITY FOR LESS THAN NOTHING EVEN IF THEY KNOW IT DOESN'T WORTH IT. NOT UNTIL BETTER GENERATION COMES AROUND THIS TREND WILL CONTINUE AND THE NAME DARK CONTINENT WILL NEVER GO AWAY BECAUSE OF MASTER SLAVE MENTALITY

Africa’s economic woes blamed on reliance on economic indicators

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