alibomics

I recently traveled to Awutu Breku in the Central Region and on my way back I observed something that took my mind to my economics classroom. What I observed was the traffic jam on the Kasoa to Accra stretch of the road. The traffic jam as most people will attest to is not unusual, especially in Accra and its surrounding suburbs. Also, I observed the activities of hawkers who were obviously doing well with their trade. This second observation too is not new for I have observed it for the past four years of my stay in Accra. The only difference this time round was that these observations got me thinking like the economist-in-progress that I am. Have you not heard severally how people have spoken adversely of the usual traffic jam situation in Accra and how it leads to a decline or better put, a slowdown in the potential growth of GDP? The argument has been that people spend so much time in traffic jam so they are unable to work optimally hence a slowdown in the potential growth rat