Unveiling the Truth: Politicians and Economic Manipulation in Ghana – Insights by Dr. Bernard L. Tetteh-Dumanya

Ghanaian Politicians Manipulating Economic Indicators for Personal Gain

In a recent article by Financial Economist and Consultant, Dr. Bernard L. Tetteh-Dumanya, the pervasive issue of politicians manipulating economic indicators and rhetoric for their own gain is brought to light. The article highlights a case where Vice President Dr. Bawumia discussed nursing training allowances, prompting a young woman to reveal they hadn’t been paid.

This behavior is not unique to the Vice President but extends to other Ghanaian politicians who often embellish the success of their economic policies or projects to enhance their public image or secure political advantage. Conversely, they may downplay significant economic challenges to avoid accountability or maintain public confidence.

The article also delves into the lack of intellectual capacity among some Ghanaian politicians in managing the economy, attributing it to deficiencies in the education system and a political culture prioritizing short-term gains over long-term planning. This intellectual deficit hampers Ghana’s development and leaves it vulnerable to exploitation by external actors.

To address these issues, comprehensive reforms are necessary, spanning education, governance, institutional capacity-building, and political culture. Dr. Tetteh-Dumanya emphasizes the importance of cultivating critical thinking, creativity, and innovation from early childhood to harness Ghana’s full potential for economic development.

The consequences of intellectual bankruptcy are profound, hindering the efficient utilization of resources and stifling potential for progress. Sustainable development begins with nurturing the innate potential within communities and individuals, guiding actions towards progress and prosperity for all.

In conclusion, the article calls for a fundamental shift in mindset and approach, emphasizing the cultivation of intellectual curiosity and creativity as ingrained values in Ghanaian society. Only then can the country make meaningful contributions to national and global economic development.