• About
  • Advertise
  • Privacy Policy
  • Contact
Saturday, November 29, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Kofi Asare Slams Ghana’s Economic Woes and Rising Inequality

Evans Junior Owuby Evans Junior Owu
December 5, 2024
Reading Time: 3 mins read
Kofi Asare, Executive Director of Africa Education Watch

Kofi Asare, Executive Director of Africa Education Watch

In a scathing critique of the struggles faced by Ghanaian families amid the country’s economic challenges, Kofi Asare, Executive Director of Africa Education Watch, has expressed grave concerns about the harsh realities of youth unemployment, the depreciating local currency, and rising inequality.

In his critique, Mr Asare raised particular concerns over the current government’s inability to address the depreciating Ghanaian cedi.

“My sis completed BSC Nursing at UCC three years ago and got licensed. She is still home. I am doing my best to move her out of this hopeless situation abroad, but the dollar too is making life very difficult.  

“Last February, I needed about GHC 160k to get just $15k to pay for travel, fees, living expenses etc. I couldn’t raise the amount. Had to continue saving”.

Kofi Asare, Executive Director of Africa Education Watch

Highlighting the hopelessness gripping many young graduates, Mr Asare indicated that all attempts to help the little sister have proven fruitless,  underscoring the devastating impact of Ghana’s depreciating currency on savings and financial planning.

RelatedPosts

Majority Leader Demands Termination of Zipline Contract Over Unpaid Debt

NPP Rejects High Court’s Ruling on Kpandai Parliamentary Election

NDC, NDP, DMW Pay Tribute to Nana Konadu Agyeman-Rawlings

“The dollar made my savings useless,” he lamented, painting a grim picture of how the cedi’s instability has not only eroded household incomes but also stifled opportunities for upward mobility.

Inequality and Privilege in Ghana’s Education System

Adding to his frustrations, Mr Asare drew a sharp contrast between the struggles of ordinary Ghanaians and the privileges enjoyed by the children of the country’s political elite. 

He pointed out that many of these children benefit from taxpayer-funded scholarships to attend prestigious institutions abroad, while ordinary families face insurmountable financial barriers to achieving similar dreams.

ADVERTISEMENT

“Even more annoying is the realisation that children of people responsible for this terrible economy are those who enjoy free tax-payer scholarships in these same American schools I am struggling to raise $15k to pay fees for,” he said, directing a stinging critique at the government’s handling of the economy and scholarship policies.

A System That Silences Dissent

Kofi Asare, the Africa Education Watch’s Executive Director’s critique also extended to the culture of intolerance that pervades Ghana’s political discourse.

He criticized the deployment of partisan loyalists — whom he referred to as “party robots” — to suppress dissent and discredit voices calling for accountability. 

“When we complain, party robots will be deployed from outer space to breathe fire and brimstone on us,” he remarked, expressing his exasperation with the aggressive online responses he and others face when highlighting the system’s inequities.

The Africa Education Executive Director’s remarks lay bare the need for the government to take urgent interventions to stabilize the economy, create jobs, and ensure equitable access to education and opportunities.

READ ALSO: Non-Food Inflation Declines, But Overall Inflation Hits 23% in November

Tags: Africa Education Watch (Eduwatch)Depreciation of cediGhana NewsInequalityKofi AsareSilencing DissentYouth Unemployment
Share1Tweet1ShareSendSend
Please login to join discussion
Previous Post

Davido Boldly Sends Message To Competitors in Industry

Next Post

Special Voting in Western and Eastern Regions Takes Off Today

Related Posts

Hon. Mahama Ayariga, Majority Leader
General News

Majority Leader Demands Termination of Zipline Contract Over Unpaid Debt

November 28, 2025
Yussif Danjumah, NPP Northern Regional Communications Director
General News

NPP Rejects High Court’s Ruling on Kpandai Parliamentary Election

November 28, 2025
589919927 1183363417235155 4222432456365638804 n
General News

NDC, NDP, DMW Pay Tribute to Nana Konadu Agyeman-Rawlings

November 28, 2025
Scene from the State Burial of Nana Konadu Agyeman Rawlings at the Black Star Square
General News

Ghana Bids Farewell to Nana Konadu Agyeman-Rawlings

November 28, 2025
President John Dramani Mahama
General News

Nana Konadu was a Pioneering Leader and Trailblazer – Mahama

November 28, 2025
Osagyefo Oliver Barker-Vormawor, Lawyer and Activist
General News

Young Activist’s Arrest Spurs National Debate on Power and Accountability

November 28, 2025
Stanbic Bank Sparks Digital and Operational Breakthroughs for SMEs at Accra
Banking

Stanbic Bank Sparks Digital and Operational Breakthroughs for SMEs at Accra

by M.CNovember 29, 2025
Asia

Sri Lanka Seeks Assistance As Cyclone Ditwah Wrecks Havoc

by Comfort AmpomaaNovember 29, 2025
Bright Simon, Vice-president, IMANI
Extractives/Energy

5% Lithium Agreement: Bright Simons Dismisses Global Price Drop Justification

by Bless Banir YarayeNovember 29, 2025
Ghana’s Cedi Emerges as the Calm in Africa’s Chaotic Currency Storm
Economy

Ghana’s Cedi Emerges as the Calm in Africa’s Chaotic Currency Storm

by M.CNovember 29, 2025
End-Month Fireworks on GSE: 2.19 Million Shares Traded in One of 2025’s Busiest Sessions
Securities/Markets

End-Month Fireworks on GSE: 2.19 Million Shares Traded in One of 2025’s Busiest Sessions

by M.CNovember 29, 2025
Hon. Mahama Ayariga, Majority Leader
General News

Majority Leader Demands Termination of Zipline Contract Over Unpaid Debt

by Silas Kafui AssemNovember 28, 2025
Stanbic Bank Sparks Digital and Operational Breakthroughs for SMEs at Accra
Bright Simon, Vice-president, IMANI
Ghana’s Cedi Emerges as the Calm in Africa’s Chaotic Currency Storm
End-Month Fireworks on GSE: 2.19 Million Shares Traded in One of 2025’s Busiest Sessions
Hon. Mahama Ayariga, Majority Leader

Recent News

Stanbic Bank Sparks Digital and Operational Breakthroughs for SMEs at Accra

Stanbic Bank Sparks Digital and Operational Breakthroughs for SMEs at Accra

November 29, 2025
afp 692a9f1431a8 1764400916

Sri Lanka Seeks Assistance As Cyclone Ditwah Wrecks Havoc

November 29, 2025
Bright Simon, Vice-president, IMANI

5% Lithium Agreement: Bright Simons Dismisses Global Price Drop Justification

November 29, 2025
Ghana’s Cedi Emerges as the Calm in Africa’s Chaotic Currency Storm

Ghana’s Cedi Emerges as the Calm in Africa’s Chaotic Currency Storm

November 29, 2025
End-Month Fireworks on GSE: 2.19 Million Shares Traded in One of 2025’s Busiest Sessions

End-Month Fireworks on GSE: 2.19 Million Shares Traded in One of 2025’s Busiest Sessions

November 29, 2025
The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.

Discover the Details behind the story

Get an in-depth analysis of the news from our top editors

Enter your email address