Tuesday, August 07, 2012

Time Wasting Impedes Economic Growth - Insurer



By William Yaw Owusu

Accra, Tuesday August 7, 2012.
The attitude of the Ghanaian towards time, which has brought dire economic consequences, was heavily criticized by an insurance expert at a book launch in Accra last Friday.

George Kojo Addison, Managing Director of Star Life Assurance Company Limited, noted that the cost of time wasting among Ghanaians, both official and unofficial, had led to underdevelopment in the country.

Mr Addison, who launched his book titled: ‘Standing out,’ said “time wasting especially in public institutions has derailed the effort to bring economic growth for the country.”

“There is vast difference when it comes to timekeeping in Ghana and other countries. We have to change our attitude towards time otherwise we can never achieve the development that we so much desire.”

He said “time wasting culture motivated me to write this book because there are many things we do that impact negatively on our economy.”

Mr. Addison said after 55 years of independence, Ghana should have put in place sound economic policies to create wealth for the people but negative work attitude had not made it possible for that to happen.

“We take things for granted in this country and we cannot continue to grow in this situation.”

He said his book is designed to challenge individuals to adopt “positive attitude towards the development of the country.

Albert Ocran, a motivational speaker and Chairman of Legacy & Legacy, challenged the youth to venture into writing, saying “you cannot be too young to be desirous of leaving a legacy.”

He said the book is a legacy for Ghana and Africa and it challenges readers to be “excellent.”

Frank Oppong-Yeboah, Executive Vice Chairman of Star Life Assurance Company Limited, who chaired the function, said the contribution of the author in the insurance sector was immense.

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