For most Ghanaians, this is not the best of times as the cost of staying alive keeps rising to levels that are beyond their reach.
Almost all facets of the social and economic strata are presently encumbered. And there seem to be no panacea in immediate sight
The reason, we were told initially by the managers of the economy, was as a result of the Covid-19 pandemic. The narrative, has changed again, this time around the blame is on the Russia’s invasion of Ukraine.
Although, this newspaper is not oblivious of the happenings in the world, the problem with Ghana, is largely because of the structure of the economy.
There is an undue focus on consumption rather than production, as well as over-reliance on import driven commodities.
It is easily observable by many a Ghanaian that the challenges that confront life and living in the country are as many as they come.
They range from the value of the nation’s legal tender, the cedi, to the transport fares, as well as the cost of food items.
The situation is further worsened by the price of sachet water, which was something everyone used to afford. Now not only are people rationing what they eat, they have to cut down on the number of sachet water, they drink a day.
A bag of sachet water that was until 2017, going for Gh¢2.50 is now going for between Gh¢ 6 and Gh¢8, depending on where lives or is buying from.
Put together, we get a picture of a country hanging on a precipice and urgent and concrete action is needed to salvage the situation.
As a newspaper, we are of the considered opinion that, the government must scrap some taxes or lower them to cushion Ghanaians.