Ghana's Top Economists Advise President for Free

When a nation needs help, sometimes its best and brightest answer the call without asking for anything in return.

President John Dramani Mahama's newly formed Presidential Advisory Group on the Economy will work without salaries, according to Felix Kwakye Ofosu, Minister of State for Government Communications. The 11 distinguished professionals are volunteering their expertise to help Ghana navigate its economic challenges.

"They are not in here to make a quick buck," Kwakye Ofosu told Joy Super Morning Show listeners on January 16. "They have been called upon to put their expertise at the disposal of the nation because we require a firm hand in the way our economy is managed."

The volunteer advisory team reads like a who's who of Ghanaian economic leadership. Former Bank of Ghana Governors Dr. Kwabena Duffuor and Dr. Henry Kofi Wampah are joining forces with industrialist Sir Samuel Esson Jonah and economist Kwame Pianim.

University professors, private sector leaders, and the CEO of the Ghana Stock Exchange round out the group. Many already receive salaries from their regular positions at universities or other institutions, so no additional government payments are needed.

The Ripple Effect

This model of public service could inspire similar approaches across Africa and beyond. When experienced leaders donate their time and knowledge, it sends a powerful message about priorities and patriotism.

The group will tackle crucial economic issues including debt sustainability, fiscal policy, industrial development, and job creation. They'll set their own meeting schedules and work independently to monitor policies that affect everyday Ghanaians.

Their expertise comes at a critical moment when Ghana needs steady economic guidance. By volunteering, these advisors are demonstrating that serving your country isn't always about what you can earn but what you can contribute.

Ghana now has a brain trust of economic wisdom working solely for the public good.