Ghana Seeks Greater Ownership Over Resources and Value Addition While Navigating Debt Crisis

Ghana must take ownership of its natural resources to derive more economic benefits rather than foreign companies taking the lion's share
Local processing of raw materials (e.g. gold, cocoa) into refined products is long overdue to capture more value
The debt exchange program has caused hardship across sectors including bondholders and the financial sector
The government has introduced many questionable new taxes despite originally committing to move from taxation to production
Fiscal consolidation under IMF program must include expenditure cuts, not just tax increases