One of Africa's most prominent businessmen, Sir Sam Esson Jonah, has entreated government to put into consideration the livelihoods of citizens when drafting policies meant to assist the recovery of the economy.

0

Addressing the fifth session of the 55th graduation of the University of Cape Coast (UCC), the Chancellor of the institution, Sir Sam said citizens are not being shielded but rather government is playing the blame game.

1

According to him, “this is not the time for blame game.”

2

“We are facing unprecedented times against the backdrop of complex, volatile and uncertain economic and geopolitical developments.

3

“This situation has fostered a growing sense of hopelessness and helplessness, particularly among our youth, a development which has the potential to undermine the security and stability of our nation,” the UCC chancellor said.

4

Sir Sam Jonah described the economic situation as “very challenging,” with interest rates and inflation at intolerably high levels.

5

With the local currency also volatile, the business executive, who chairs the boards of a number of companies across the world, said it made for “a dangerous cocktail.”

6

“As we have been witnessing, there are no pretty policy choices for dealing with this situation,” he said.

7

In his opinion, the way forward is to take "our decisions with empathy and a keen understanding of the impact of our actions on the lives of our citizens."

8

“My advice to key policymakers is that the times we live in call for a healthy dose of humility in decision making as we navigate the difficult path of economic restructuring," he added.

9

The ceremony was for persons who completed various postgraduate programmes of study in the 2021/2022 academic year.

10

It was graced by the Paramount Chief of the Oguaa traditional area, Osabarimba Kwesi Atta II, some Members of Parliament (MPs) and the academic community.

11

Make challenges opportunities

12

Turning his attention to the graduates, Sir Sam said they must view the challenging times as an opportunity for growth, innovation and change.

13

He said their UCC journey had given them the essential skills needed to weather the current storm and they must now be versatile, innovative and adaptable.

14

“You have also learnt that in life, success in any endeavour is a product of hard work, commitment, dedication, discipline and of course, the right attitude.

15

“Let me remind all of you that it is during the most trying moments in history that true leaders emerge and your education has provided you with the tools to become those leaders,” he said.

16

Sir Sam urged them to be creative and passionate as that would help them to make a positive impact on society.

17

He further encouraged them to stay curious, never stop learning and should not shy away from challenges.

18

“Your journey may not always be smooth but persevere because it is through adversity that we grow stronger and wiser.

19

The future of our nation lies in your hands,” he added.

20

21