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Inequality report cover.cdr

14 Aug 2024

What has been the contribution of natural resources to the development of our countries? Very often we express that in figures and percentages and then begin to fashion out the relationship between the owner, the user, and essentially the beneficiary. [...] The income share of the bottom 40% rose by 42.55% and that of the top 10.0% fell by 25.06% between 1994 and 2014, giving a Palma ratio (income of the bottom 40% as a share of that of the top 10% of the population). [...] The purpose of our mobilisation and organisation is to alter the essence of the political settlement because the structure of the economy that was left for us, the nature of the policies we inherited, and the corruption issue are all a result of the political settlement we let to develop. [...] While the government is focused on the 50-million-dollar tax, the question we need to be asking ourselves is, what measures are in place to ensure that the 150 million dollars spent on services and procurement activities remain in the country? The challenge is that we don't have local enterprises with the capacity to absorb this money and so it leaves the country most of the time. [...] The current political settlement around natural resources is that the central government takes its share of the rent, and gives some to the chiefs and the district assemblies while the local people are left out of the equation.

Authors

USER

Pages
85
Published in
Ghana

Table of Contents