The 33-year-old Ghanaian has been hit twice over by her country's economic woes. First, Covid-19 restrictions ended her work as a make-up artist and now rising prices have choked off her fledgling chilli-sauce business.
The sauce entrepreneur is in a reflective mood as she tries to cool down in the shade of a towering neem tree near her home in Kpone Katamanso district, southern Ghana. To describe Ghana's economy as struggling is not the view of commentators shouting from the sidelines, but of the president himself. The government anticipated a windfall after it started exporting oil in 2010 and began borrowing money to pursue ambitious flagship programmes such as free senior-school education. But critics say the money was frittered away.
"So, in a lot of instances our clients will rather hold back from making an order and this is significantly affecting our revenue," the 35-year-old says.Amid all this, pressure has been mounting on Finance Minister Ken Ofori-Atta with calls for his dismissal coming from members of his own party as well as the opposition.In February, the minister dismissed the idea, saying that Ghana was "a proud nation".
He also says that the international markets must see a government willing to take practical measures to overcome the problems in order to build confidence.
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: allafrica - 🏆 1. / 99 Read more »
Just Transition needs full involvement of organised labour and businessesSPONSORED | A Just Transition must address the needs of workers in affected industries and affected communities, says OldMutualSA. OldMutualSA Yawn. Pull your money.
Source: BDliveSA - 🏆 12. / 63 Read more »