Fix the Basics First: Dr. Philip Takyi challenges Ghana’s over-reliance on digitalization for economic growth

Dr. Philip Takyi, Senior Research Fellow at FDAG, argues that while digitalization is vital for modernization, it is not a standalone solution for Ghana’s economic challenges.

In his article, "Digitalization not a Panacea: Ghana Needs to Fix Economic Fundamentals First," he stresses the need to address structural issues such as high inflation, currency depreciation, unsustainable debt, and low tax revenue before digital initiatives can have a meaningful impact.

Dr. Takyi proposes a four-pillar strategy: strengthening tax collection, enhancing infrastructure for a 24-hour economy, promoting youth employment through vocational training, and implementing effective government policies like real-time tax and debt management tools.

He concludes that combining these foundational reforms with digitalization will create an environment where technology fosters sustainable growth instead of masking deeper economic vulnerabilities.