Agricultural Economist and Economic Policy Expert, Peter Boamah Otokunor, has called for a shift in economic policies to prioritize sectors that directly impact the lives of Ghanaians, particularly agriculture.
Speaking on TV3’s Keypoints, he challenged the government’s narrative that a 6.3% GDP growth rate is a true reflection of economic progress.
“When you want to design your economic policy to respond to the needs of the people, you look at where it matters most, where it affects the people most,” he said, arguing that macroeconomic figures often paint an incomplete picture of real-life economic struggles.
Using his own experience as an example, Otokunor revealed the difficulties faced by businesses due to high interest rates.
“Last year, I wanted to expand my poultry farm, and I needed some funding… I was looking at an interest rate of about 39%.
“Now, if I’m going to borrow at 39%, considering all the other business factors, how would that business survive?”
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