1. Fixing Ghana’s Non-Existent Adult Social Care System
- Author:
- Sarpong Aseidu and Adjei Boakye
- Publication Date:
- 04-2023
- Content Type:
- Policy Brief
- Institution:
- Ghana Center for Democratic Development
- Abstract:
- Following Ghana’s announcement that an Internaonal Monetary Fund (IMF) program was being sought to help the country go through the current economic downturn, a domesc debt exchange program (DDEP) was announced. As the DDEP progressed it became obvious that many old-age pensioners with bond investments were going to be adversely affected. This led to pickeng by some of those affected at the Ministry of Finance. Many who joined were of the view that should their funds be included, their health will be adversely affected. Though the full details of Ghana’s program with the IMF would not be known for a while, it is accepted that it will aim to address the current macroeconomic imbalances and aempt to promote sustainable economic growth. This will require the implementaon of measures that ensure fiscal and monetary reforms and prudent debt management. Such reforms either reduce subsidies or increase taxes which invariably increase the cost of living. This disproporonately affects people on a fixed income such as the elderly. In a country like Ghana where there isn’t a social safety net for the elderly, and with the cost of chronic disease medicines on the rise this could have an impact on the quality-adjusted health years (QALYs) of this segment of our population.
- Topic:
- Economic Growth, Aging, Public Health, IMF, and Safety Net
- Political Geography:
- Africa and Ghana