International auditing firm KPMG has assessed the President- Mahama led administration’s ability to fix the current challenges of Ghanaians in the 2015 KPMG Change Readiness Index.
The Change Readiness Index measures the current state of development of countries around the world is the KPMG Change Readiness Index.
The way a country responds to, mitigates, and takes advantage of change has a significant impact on its ability to achieve sustained economic growth and share the benefits of that growth with all of its citizens.
The CRI measured three indicators, Government Capability, Enterprise Capability and People and Civil Society Capability.
The Mahama-led government was adjudged 61st out of 176 countries. For a country that has been bedeviled with diverse national challenges of economic, and infrastructural (energy, education and health) sectors, the President Mahama-led administration has been very key in deciding whatever fortunes Ghana has made out of those adversities.
KPMG scored the Ghanaian government 61st after measuring its efforts along the parameters of macroeconomic framework, public administration as well as fiscal and budgeting. All these were used as a means of measuring the Ghanaian government’s ability to respond effectively to the difficulties of Ghanaians. Government came after Zambia, Mongolia and Bulgaria who were 58, 59, 60, respectively.
In terms of the Enterprise Capability, which essentially measures the ingenuity of Ghanain enterprises to adapt to changing trends, competition and adversity- essentially the intelligence of our local enterprises- Ghana was adjudged 71st out 176 countries. We came after Jamaica who placed 70thand Nigeria who place 69th.
Ghana’s credentials have come under international scrutiny in 2015 in terms of the standard of living of its citizens, how conducive its business environment is for the development of businesses, and a thorough assessment of the country’s political leadership in improving the lots of its citizens.
The next parameter was People and Civil Society Capability. This essentially measures the average Ghanaian’s capability to adapt to changing trends and the economic and social exigencies of the time.
In 2014 and the first half of 2015, the Ghanaian was confronted is being confronted with a high- unemployment rate, a protracted energy crisis, and harsh economic conditions precipitated by fast dwindling local currency, high inflation rate and cost of living. How well did Civil society respond to government’s policies? Ghana placed 67 after Dominican Republic and Jamaica.
Change can include short-term negative shocks, such as natural disasters or social instability, or longer-term change opportunities, such as technologies or emerging market growth and competition.
The CRI can be used to inform national governments to identify and address capability gaps, the development community to better tailor aid programs, and private sector enterprises to improve the targeting of their investments and the reduction of risks.