"In economics we don't eat patriotism"- Franklin Cudjoe

President of IMANI Africa, Franklin Cudjoe has stated that patriotism shouldn't be eaten in economics. He said this during his engagement with the African Journalists For Economic Opportunity Training (AJEOT-2020) Participants on the Challenges With The Ease Of Doing Business.

According to him, the World Bank Ease of Doing Business Index is primarily used to measure how businesses are doing in  every country. "Ghana's performance on the ease of doing business has experienced a retrogression", he said.

"Per the latest World Bank Ease of Doing Business ranking, Ghana has dropped from 114th position in 2019 to 118th in 2020." A country like Somalia is leading Ghana; representing the 12th position and Ghana 13th. This tells how well we're sinking as an economy for allowing Somalia that's noted for so many internal and external conflicts to outclass us", he bemoaned.

He explained that in the process of starting a  business, there's still some proper work that needs to be done. "However, this shouldn't prevent us from doing business well in the world ease of doing business index.

In a related development, he indicated that the government hasn't lived up to expectations because Ghana's business challenges are enormous.

He believes that there have been some monumental progress made, and we do not need to roll back that progress for anything. The way government wants to improve business - Corporate Tax of almost 25% but have never materialized", he bemoaned.

"As journalists are known to be the 4th arm of government with the voice for the voiceless in our democratic society, it's imperative to understand some of the challenges that militates against businesses and how suggestions or solutions can be proffered promptly", he added.

Institute of Liberty and Policy Innovation (ILAPI) AJEOT is a two day intensive residential certification training for journalists and prolific writers to learn the tools for advocacy and economic principles of classical liberalism to help shape public policy discourse, and question the status quo for a free and prosperous society.
 

Source: Bright Philip Donkor