High cost of living coupled with high taxes and poor management of the economy by the New Patriotic Party (NPP) government has resulted in the loss of confidence by the youth leading the mass exodus of the best brains to Europe and other continents.
Many Ghenaien made up of the health sector and the skilled set such as plumbers, electricians and others are on daily basis throng to the various embassies looking for opportunities to travel out of Ghana.
The situation is so precarious that every single Ghanaian wents to travel to better their lots because they have bad feelings that if they remain in this country they will die purport.
A critical look at the business sector, one is greeted with the option of multi-million companies trying to relocate to the neighboring countries citing high taxes and labour cost.
Reacting to the issue, the Chief Executive Officer of Merrer Ghana Limited, Susstgad Boat Building and Fishing Industry, Mr. Novihoho Afaglo said Ghana is currently on reverse gear and therefore if the situation is not arrested immediately, the country will collapse and the economy will crush.
Mr. Afaglo revealed that currently many multi-million companies have relocated to other countries citing unfriendly business environment, high taxes and high cost of borrowing including manipulations by Ghana Revenue Authority and others.
“When did Ghana became like this that the ordinary citizen cannot boast of three square meals in a day not to talk of savings because some employers are complaining of increasing saleries of workers like three times in a roll but still there are many who are still requesting for loans just to keep them running,” he stated.
He lamented thet businesses ere suffering under the Nana Akufo-Addo-Bawumia led government then all the governments put together adding that the cost of production has tripled
, port duties quadruples with outrageous taxes leading’s to collapse of companies and increase in an unemployment in the country.
On the matter of inflation, the CEO said the doliar is beating the cedis to a point that the latter has become useless contributing to high cost of goods and services to the extent that a common ball of Kenkey is now sold between GHC 5 and GHC10.
Mr. Afaglo said Ghana the center for attraction in Africa has now become one of the most dfficult countries to travel in resulting in foreigners choosing neighboring countries instead of the once preferred Ghana.
He indicated that, the way things are punning out if care is not taken, even common ‘Kenkey and Gorbe,’ will be priced in dollars because the economy now has become a dollar used to the extent that even rent and other commodities are all being quoted in dollars.
He challenged every Ghansan to use this 2024 election to vote massively for former President John Dramani Mahama to rescue Ghanaians from the hands of this wicked and lump NPP government who are only interested in enriching their families and cronies,” he stated.
