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Yau Nyarko, professor of economics at New York University in the UAE, said citizens have low expectations of their governments to address inequality among citizens.
He said it was impossible for the government to address inequality due to inefficiency, lack of capacity and lack of resources.
“You complain that the Ghanaian government is corrupt. Why do you want the government to do everything?” he said at the opening of the sixth international research conference organized by the Faculty of Humanities at the University of Ghana in partnership with Oxfam International Ghana.
The theme of the event is “Addressing Inequalities: Building Socioeconomic and Environmental Resilience for Sustainable Development”.
Professor Nyarko pointed out that in order to meet the expectations of citizens, the government is keen to increase revenue through taxation, but this makes the lives of citizens worse and further widens the economic inequality gap among citizens.
“All of this has a cost when we think about taxes and manpower consumption. Be careful,” he said.
He said the minimum wage was an economic tool to improve living standards, while inequality could be a double-edged sword, helping people earn higher incomes but also causing them to lose their jobs because employers could not afford to offer lower wages.
He said there was no one-size-fits-all solution to address inequality and called for thorough deliberation in formulating policies to address inequality.
“For Africa, economic transformation comes first, followed by technology and markets,” he said.
The Acting Country Director of Oxfam Ghana, Mr. Mohammed Anwar Sadat Adam, said the organization is committed to working with like-minded entities to fight inequality.
“We need to address not just the symptoms but the systems that create inequality,” he said.
source: Gastrointestinal disorders
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