Senyo Hosi, former CEO of the Ghana Chamber of Bulk Oil Distributors (CBOD), has praised President Mahama’s initiative to establish the National Economic Dialogue, describing it as a commendable and promising step.
Hosi applauded the president for this forward-thinking approach, emphasizing that such initiatives are essential for fostering inclusive discussions on the nation’s economic challenges and opportunities.
Hosi, however, expressed regret that Economist Prof. Godfred Bokpin was not included in the team, emphasizing that Prof. Bokpin’s extensive work and insights could have been crucial in shaping the discussions.
He also highlighted Franklin Cudjoe, President of IMANI Africa, for his valuable contributions to the previous Economic Dialogue under the Akufo-Addo administration and expressed hope that Cudjoe would play a role in the current initiative.
“But again, we shouldn’t actually swap initiatives for achievements. There’s one thing commissioning something, breaking ground for something, is another thing commissioning it after completion. So, the sweetness of the pudding will only be in the eating, but the steps we have seen so far are positive.
“…we all get the state of the economy, but you have the state of the economy in different facets. You have to connect and relate the macro-state of the economy with the micro-state of the economy. That’s why people must come together so that we set a baseline”.
Senyo Hosi
Hosi also emphasized the importance of establishing a baseline, explaining that it provides a reference point to evaluate any policy propositions effectively.
He noted that many economic indicators are not easily captured, and real sentiments from the business community often go unaddressed.
He further explained that while some of these issues might exist in fragmented forms, it is crucial to consolidate them into a comprehensive overview of the broader economy.
According to Hosi, this should ideally encompass both micro and macroeconomic perspectives. “And I think the inputs Franklin Cudjoe made the last time, the leadership he showed will be very critical in us having this very impactful [dialogue]”.
Dr. Amoako’s Role in Economic Dialogue Highlighted
Furthermore, Senyo Hosi expressed his satisfaction with Dr. K.Y. Amoako’s inclusion in the National Economic Dialogue, emphasizing his significant contributions to economic discussions.
He described Dr. Amoako as a leading figure in shaping such conversations, noting his pivotal role during a previous retreat led by the President.
Hosi highlighted that Dr. Amoako has been deeply involved in developing a national compact focused on economic interventions, which draws on input from diverse professionals, including esteemed academics, prominent business leaders, and even some politicians.
Accordingly, he expressed confidence that Dr. Amoako’s expertise will have a substantial impact on the Dialogue, affirming that the team is well-positioned to succeed.
“I think it’s fine. The initiative is fine. The terms of reference can always be amended or improved. But as is, it’s not out of place. We just can only encourage the team to actually deliver.
“And I like the fact that the president stated it explicitly. He said, within two weeks, this should be done”.
Senyo Hosi
Hosi emphasized that President Mahama’s decisive actions and bold steps reflect the kind of strong leadership and vision that the nation needs.
He noted that such proactive decision-making demonstrates a commitment to addressing the country’s challenges with a sense of purpose and direction.
According to Hosi, this type of leadership inspires confidence and sets the tone for progress, aligning with the expectations of Ghanaians who seek solutions and decisive governance.
However, he urged the President to turn his attention to another pressing and equally, if not more, urgent issue: illegal mining, commonly known as galamsey. “Mr. President, while you are taking these commendable steps, I plead with you not to overlook the devastating impact of galamsey.”
He called on the President to confront the issue head-on, stressing the critical need for decisive action to address the environmental degradation, loss of livelihoods, and long-term harm that galamsey continues to inflict on the nation.
