![]() “External factors such as the repatriation of funds have led to a cedi that has depreciated very quickly, the Bank of Ghana introduced a raft of measures to deal with the depreciation of the cedi. Oppong Nkrumah was on record saying the US$750 million Afreximbank loan, as well as the US$1.3 billion cocoa syndicated loan that comes together like US$2 billion, will be hitting the Ghanaian economy soon. His comments come after Information Minister Kojo Oppong Nkrumah said a lot of dollars are coming in to shore up the strength of the local currency. Kwakye speaking in an interview with the media indicated that Ghana does not earn foreign exchange on its own. John Kwakye has called on the government to immediately tackle the fundamental structural challenges facing Ghana’s economy before thinking of dollar infusion.Īccording to him although the announcement by Ghana’s Information Minister that a lot of dollars are coming into Ghana’s economy to strengthen the Cedi is a good idea the right things must be done first.ĭr. In this way, the systems path appears as a bridge between a reductionist and a holistic approach.Īfter a definition of the qualifying elements of systems thinking, the implications of the passage from a structure-based to a systems-based view are discussed by deepening the interpretative contribution of the structure-system dualism as derived from the more general distinction between a static and a dynamic view.The Director of Research at the Institute of Economic Research (IEA), Dr. Recognizing the limits of the traditional analytical-reductionist approach, on the basis of a systems thinking, the paper underlines the need for recovering a whole view of phenomena and suggests to couple a structure-based approach, focused on the analysis of parts and relations and adequate for describing how the investigated phenomenon is made, with a systems-based approach, focused on interaction and necessary when interpreting the dynamics of functioning of the observed phenomenon. The aim this contribution is to propose a framework of the key concepts of a systems thinking perspective to adopt when analyzing and interpreting business as well as social phenomena. ![]()
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March 2023
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