Features
Bawumia and Ghana economy
Before the recent lecture on the economy of Ghana Dr Bawumia delivered, some people, including senior lecturers and professors, had expressed various views (positively and negatively) on the state of country’s economy.
Since the lecture given by the Vice President of the Republic, Dr. Mahamadu Bawumia, various opinions have been expressed on his presentation, some of them praising him for a good work done while others, as usual, saw nothing good about what he said or the issues discussed on that day.
PUBLIC REACTIONS
The reaction of the general public, however, showed that in spite of the difficulties the country faced, the Vice President and Head of Ghana’s economic team did well and dealt with all the relevant issues the country is facing.
He began by stating that he was going to deal with the state of the economy, pointing out that there were problems or difficulties but measures had been put in place to ensure that the economy of Ghana was cushioned soundly from collapse.
In talking about the state of the economy, Dr. Bawumia referred to the economic problems Ghana as a country faced prior to the swearing-in of President Akufo-Addo. He went on to explain that in spite of the difficulties, measures were in place to ensure reduction in inflation, elimination of a number of taxes, developing the economy along internally induced growth, among others.
ECONOMIC PROBLEMS
The economy of Ghana today faces a number of problems including rising prices of goods and services. The rising prices have come about because of the COVID-19 pandemic which has affected every part of the world. Indeed, goods cannot be easily transported from different parts of the world to other places where they are needed thereby bringing about shortages in some cases.
Generally, the supply of goods and services have been in short supply but even in situations where such goods and services are not in short supply, it can be seen that the cost of transportation alone has shot up tremendously.
COST PUSH AND DEMAMD PULL INFLATION
This high cost of transportation accounts for rising prices, that is, cost push inflation. In cost push inflation, rising prices of transportation when added to the prices of goods and services further push up prices.
Similarly, in situations where the supply of goods and services are less than expected or fall below general demand, what happens is that demand exceeds supply and pushes up prices. This comes under what is known as “demand pull inflation.”
Both demand pull and cost push inflation are responsible for the rising prices in the country. From this observation, one can say that the unfavourable economic situation in the country, in the form of rising prices, is not the making of the Akufo-Addo administration. The situation has come about because of factors beyond the reach of all Ghanaians.
All countries in the world are going through difficult economic times so this is the period for all analysts to be objective and fair in their discussion of issues in Ghana today. We should be very grateful that the economic management style of the government has not thrown things overboard but rather made it possible for the people of Ghana to go about their normal duties, even in the midst of some difficulties.
COVID-19 PANDEMIC
Until the world, including Ghana, was hit by the COVID-19 pandemic, things were moving on smoothly in Ghana. Inflation, which was initially at 15.4 per cent or thereabout was reduced to about seven per cent. Similarly, agricultural output also increased tremendously from negative levels to appreciable levels even though there was still room for improvement.
With the arrival of COVID-19,everything was thrown overboard and countries that did not have resilient economies fell onto great trouble and experienced food shortages. Fortunately, due to Ghana’s laudable programmes such as Planting for Food and Jobs (PFJs), the country became self-sufficient and even exported food items to neighbouring countries like Burkina Faso, Togo, Benin and Côte d’ivoire among other countries. Had it not been for this programme, things would’ve been worse than we see today.
We have food stuffs all over the country but there is room for improvement in the sense that we need to construct more roads to link up with communities that are producing food for the country. Without this, not much can be achieved in terms of food production. A network of good roads is, therefore, needed in all parts of the country to enhance agricultural production.
At the same time, we need to regulate the supply and export of our food stuffs to neighbouring countries so that Ghanaians will also not run out of food supplies. Fortunately, the Government of Ghana had realised this and banned the export of maize and soya to neighbouring countries until the situation improves in Ghana. It is equally important to note that the economic problems experienced in the world today have come about because of the conflict between Russia and Ukraine. Many finished products come from that part of the world. The products are fertilisers and other important products needed in the agricultural sector.
ADVERSE CONFLICT
The conflict has, therefore, contributed adversely to other parts of the world including Ghana.
We are happy that the economy of Ghana is able to support itself today and is far from collapse.
With the pandemic moving away, it is strongly believed that all the economic programmes and measures put in place would begin to yield results needed and make the economy a strong one. This means that there will be reduced inflation and more income can be generated from various sectors of the economy to finance its expenditure. Similarly, we can also reduce the rate of exchange with other foreign currencies to make the economy a strong one. Individuals should have confidence in the economy of Ghana and believe in what was presented by Dr. Bawumia
From all indications, the measures taken by Ghana are good and that is why the developed countries of the world have expressed confidence in the economy of Ghana.
DIGITALISATION
Digitalisation is good if for nothing at all, it helps to eradicate corruption and make it easy for goods and services to be accessed without difficulty. For this reason, digitisation coupled with the relevant economic policies will go a long way to enhance rapid growth in all parts of the country so that the ultimate result will be improved upon in the interest of everyone.
Ghana is a great nation so we all need to work hard and support the government to make it possible for economic activities to flourish and improve upon the welfare of everyone in this noble country.
Contact email/whatsApp address of author:
Pradmat2013@gmail.com (0553318911)
By Dr Kofi Amponsah-Bediako
Features
The global challenge of medical malpractice
Introduction
Medical malpractice is a significant concern worldwide, with far-reaching consequences for patients, healthcare providers, and the overall healthcare system.
It is defined as a deviation from the standard of care that results in patient harm, and can take many forms, including misdiagnosis, surgical errors, medication mistakes, and inadequate patient care.
This article provides a comprehensive overview of the issues surrounding medical malpractice, its consequences, and potential solutions.
The prevalence of
medical malpractice.
Medical malpractice is a widespread problem that affects patients in many countries. According to a study published in the Journal of Patient Safety, medical errors are the third leading cause of death in the United States, resulting in an estimated 251,000 deaths per year. Similarly, a study published in the British Medical Journal found that medical errors are a significant cause of morbidity and mortality in the UK.
Types of medical
malpractice
Medical malpractice can take many forms, including:
1. Misdiagnosis: Failure to accurately diagnose a patient’s condition, leading to delayed or inappropriate treatment.
2. Surgical errors: Mistakes made during surgery, such as operating on the wrong body part or leaving instruments inside a patient.
3. Medication errors: Prescribing or administering the wrong medication, dose, or route of administration.
4. Inadequate patient care: Failure to provide adequate care, including neglecting to monitor patients, provide necessary treatment, or respond to patient concerns.
Consequences of medical malpractice:
Medical malpractice can have severe consequences for patients, including:
1. Physical harm: Patients may experience pain, suffering, and long-term health consequences.
2. Emotional trauma: Patients and their families may experience anxiety, depression, and post-traumatic stress disorder (PTSD).
3. Financial burden: Patients may incur significant medical expenses, lost wages, and other costs.
Solutions to medical malpractice:
To address the issue of medical malpractice, many countries have implemented reforms aimed at reducing the number of claims and improving patient safety. Some potential solutions include:
1. Tort reform: Limiting the amount of damages that can be awarded in medical malpractice cases.
2. Alternative dispute resolution: Using mediation or arbitration to resolve disputes outside of court.
3. Communication and Resolution Programs (CRPs): Encouraging open communication between healthcare providers and patients, and providing fair compensation for injuries.
Conclusion
Medical malpractice is a complex issue that requires a multifaceted approach to address.
By understanding the prevalence, types, and consequences of medical malpractice, we can work towards creating a safer and more compassionate healthcare system.
Potential solutions, such as tort reform, alternative dispute resolution, and CRPs, offer promising approaches to reducing medical malpractice claims and improving patient safety.
References:
[1] Makary, M. A., & Daniel, M. (2016). Medical error—the third leading cause of death in the US. BMJ, 353, i2139.
[2] Vincent, C., Neale, G., & Woloshynowych, M. (2001). Adverse events in British hospitals: preliminary retrospective record review. BMJ, 322(7285), 517-519.
By Robert Ekow Grimmond-Thompson
Features
Life is like a quiz competition
I watched a quiz show on TV last Sunday, between two schools, Okuapeman and I think University Practice. After the first round, University Practice was leading with about 30 points and Okuapeman had nothing.
Then comes the second round of the intended four rounds of competition and at the end of the round, surprise, surprise, Okuapeman had 60 points and University Practice had either zero or 10.
In the final analysis, Okuapeman won the competition with 95 points to University Practice’s 90 or 93 points. Such is life and the mysteries of life, are difficult to fathom.
There are classmates that we thought could not amount to much in life and yet we become pleasantly surprised as time passed, about the vast improvement in their lives.
There were other mates who were obviously destined for the top, based on their academic prowess but became complete failures later on in life.
When I was in the primary school, there was a classmate who most of the time came first in the end of term exams. He was very brilliant and so he going further up the academic ladder through Secondary school, Sixth form and ending up at the University was a forgone conclusion.
However, life’s mystery set in and he ended up as a teacher in a technical school owned by his brother-in-law. He did not amount to much, became an alcoholic and eventually passed away.
The day I heard that he had passed away and his general circumstances, I felt so sad. Such is life and sometimes it is like the quiz competition I witnessed, full of uncertainties.
There was another senior in Middle School, who also was very brilliant. In fact he got a score of 254 out of 300 in the Common Entrance Examination. Many years later, in my early years at the University, I met this guy at the Tarkwa Train Station and got the shock of my life. This guy was wearing a dirty, loosely fitting singlet and his state was pitiful.
Naturally after expressing pleasantries, I asked him what he was doing in Tarkwa after telling him that I was a student at the university. He then narrated how he was dismissed from the most prestigious Secondary School in the Kwahu area after some smoking and going out without exeat issue.
He further indicated that as a result, he was then hustling and doing Galamsey to make ends meet. I would have had a hard time believing that he was doing Galamsey and not working in a reputable organisation or institution if it was told me by someone. Indeed life can sometimes be like a quiz competition, if God is not involved.
Since we are not God and therefore do not have knowledge of what the future holds, we need to treat people who come across our paths well because you never know.
When I went for the funeral of one of my aunties, on my father side, with my SUV many years ago, a lot of my relatives were surprised because they never imagined that.
When it comes to say wealth, it has nothing to do with one’s academic qualifications. We have some of the wealthiest people who were school dropouts and so we need to be careful how we treat people, because life is like a quiz competition and you never know until the competition comes to an end.
I have seen someone who was not that nice looking, the nose being flat and all, and then 12 years later, such a huge natural transformation; so never write anybody off, because life is like a quiz competition. God bless.
NB: ‘CHANGE KOTOKA INTERNATIONAL AIRPORT TO KOFI BAAKO INTERNATIONAL AIRPORT’
By Laud Kissi-Mensah
