As the demands of the global economy place increased pressure on societies to become self sufficient, the importance of providing opportunities to those who lack the necessary education and financial resources has become increasingly apparent.
Poverty creates political and economic instability, a major threat to business and sustainable development. Inadequate infrastructure, such as poor roads and remote and scattered villages, makes it hard for farmers to bring their products to market, and likewise hinders access to product.
Economic prosperity cannot be achieved when individuals and whole economies lack basic infrastructure. Roads, ports, rail networks, telecommunications, access to energy and water for domestic and agricultural use are some of the basic services needed to facilitate mobility and trade.
One of these factors is the failure to convert Ghana’s demographic advantage, namely young people, into a dynamic economic force. Young people will remain trapped in a cycle of poverty, violence and missed opportunity. It is of paramount importance that young people become the custodians of their own development, partake fully in citizenship duties, and contribute towards the economic development of Ghana.
Given the urgency and the sheer scale of the challenges that confront Ghana, harnessing synergies between foreign direct investment and private sector investment is imperative. Coordination between these stakeholders is vital to maximize development benefits.
Ghana must harness all its natural resources to develop as rapidly as possible, recognizing the youth as the nation’s season of hope, enterprise and energy. The Youth must be encouraged to work hard and build upon the foundations already laid by the four fathers, looking into the future with some measure of confidence in themselves.
Government must consider seriously investing a greater percentage of its budget in youth and women enterprises making them resourceful and a self-reliant.
Governance is the way in which a country or society takes decisions and allocates resources. It’s not just about voting systems, it’s about the way in which people, including the poorest and most excluded can be involved in those decisions, and hold institutions accountable. These commitments require that government create a legal framework that will institutionalize the principles of transparency, participation, and collaboration into the culture and work of its governance structure.