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The recognized scholars of Africa upon Wednesday launched a program called, “Greatest Economic Gift towards the World” at STEPRI within Accra.
The program saw the particular launch of the seminal document on economics by recognized fellow and lawyer Nana Oppong presented the Power as the 5th and essential aspect of production in economics.
The colorful event had been chaired by Professor Matn Gyambrah, President of the College of Applied Management, plus attended by dignitaries, which includes Jacob Osei Yeboah, previous independent presidential candidate, amongst others.
The upshot of the plan was that if understood plus applied properly Authority can help Ghana and Africa finish poverty.
Authority has been present in Ghana as the most important factor just for economic production. Today is an excellent day for economics as well as for a new dawn in Ghana and beyond.
According to Nana Oppong, Authority is more important than the other four aspects of production combined.
He or she added that nations which have no access to or any manage or influence over power, therefore , are running financial systems without a head, blinded, plus seriously handicapped.
“Authority has the strength to create and the power to ruin economies. It all depends on the personality of those in the lead. The particular absence of African and bad nations in the global “Houses of Lords” is, consequently , a great contributor to the ongoing failures and poverty from the economies of the African plus poor nations and a harmful phenomenon.
“No amount of funds raised, or no quantities associated with natural resources deployed conserve the economies of those countries that have no share within the global economic authority, inch he retorted.
In his evaluation, the economies of Africans and of the poor nations are just like ‘rickety bamboo houses upon sands or as active feet without brains”.
The particular legal luminary further advised the nations, including Ghana to adopt “learned actions to make their authorities to run their particular economies or in the minimum it is time to wisely demand the proportionate share of power to run their economies.
He or she said, “Until the poor have got sufficient authority to run their own economies in the pursuit of their own destinies, their economies will usually underperform and be incapable of raising the people from devastating poverty”.
If understood and used correctly this theory associated with authority will end low income for all Ghanaians. Let’s are proud of the fact that the smartest economist ever is a Ghanaian and also a black man.
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