#EndSARS protest will hit Ghana’s economy

Ghana’s economy would be affected by the # EndSARS movement if it escalates.

Dr. Lord Mensah, an economist, says Ghana should be worried about the ongoing # EndSARS protest in Nigeria as he believes that its ripple impact may have detrimental effects on the Ghanaian economy.

Dr. Lord Mensah maintains that if the protest escalates, since it is a big Anglophone country for Nigerians, Ghana should prepare to see an influx of Nigerians.

If you look at the recent money laundering ban we’ve had, it’s primarily because of the influx of Nigerians who are now in Ghana operating in that space. So if it persists (the # ENDSARS protest), the developments that will spill over to our part of the country are very, very strong. Bear in mind that if you look at the borders of Nigeria, its mainly French-speaking countries are They are like Ghana, so if they move from their country to the east side of their road, they come to Ghana because of the language barrier, they will not be comfortable in Benin or Togo, so they move straight to Ghana.

He added that, “We’re going to have a lot of Nigerians heading to Ghana if it continues and we don’t have the resources to absorb them as we talk now.” Look at their size, it’s a big country, so if it continues, we’re going to have a lot of spill-overs and it can influence other subregional economies effectively.

The demonstrations, which have been going on for the past two weeks, were very peaceful before soldiers opened fire on some of the demonstrators on Tuesday night, killing and injuring a number of them.

Similar apprehensions were expressed earlier by Ghana’s finance minister, Ken Ofori-Atta, describing the ongoing disruptions in neighboring Nigeria as alarming.

In an interview with the BBC, the finance minister said that developments in that country could also have an effect on the economy of Ghana, hence the need to control and handle the situation.

Leave a Reply

Your email address will not be published.

eleven + 6 =

Back to top button