Renowned Ghanaian economist, Kwame Pianim, has bemoaned the leadership deficit on the African continent stating that it is becoming very expensive.
Speaking at the annual Leadership Lecture at the University of Professional Studies, Accra (UPSA) yesterday, Mr Pianim emphasised that the deficit was significantly hindering Ghana’s development, noting that Ghana and Korea had comparable per capita income levels in 1960.
However, after 62 years, Korea’s GDP per capita stands at $ 33,000, while Ghana lags at $2000.
“It has become increasingly and painfully evident that the leadership deficit in Africa is very expensive. Ghana and Korea started at the same level of per capita income around 1960. We were higher, 62 years later Korea has a GDP per capita of $ 33,000, and Ghana has $ 2000.
The annual leadership lecture was on the theme; ‘Re-imagining Ghana’s Development Trajectory for a Peaceful Prosperous Nation By 2057.’
Despite the challenges, Mr Pianim acknowledged Ghana’s comparative advantage, citing its peaceful nature in contrast to other nations.
He highlighted the country’s resilience in the face of adversity, with Ghana being spared many natural disasters and maintaining a stable environment.
He indicated that the peaceful nature of Ghana made the country an envy of many others.
