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There is need for inclusive economic policies

faltering economy

Kenya’s real gross domestic product posted three consecutive quarterly declines last year painting a grim picture of a faltering economy.

Photo credit: Nation Media Group

For decades, we have been told that if we work hard, follow the rules, and stay disciplined, we can achieve financial stability. However, in reality, the economic system is not designed to reward hard work – it is designed to protect and expand the wealth of those who already have it.

While the rich continue to accumulate wealth at an unprecedented rate, the average worker struggles with rising costs, stagnant wages, and an ever-widening gap between what they earn and what they need to survive.

Government policies play a crucial role in addressing economic inequality. While efforts have been made to implement social safety nets and progressive taxation, these measures have often fallen short.

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Inefficient implementation, corruption, and a lack of political will have hindered meaningful progress. To create a more inclusive economy, the government must prioritise policies that support marginalised communities and ensure equitable access to resources and opportunities.

Kenya’s economy has demonstrated resilience and growth, with sectors such as technology, tourism, and agriculture driving progress. Yet, this growth has not translated into equitable wealth distribution. The wealthiest 10 per cent of Kenyans control a substantial portion of the country’s wealth, while the remaining 90 per cent face economic hardships.

Linda Chemtai, Kericho

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Agriculture is the backbone of the country, and the government should consider purchasing various products from farmers. This would boost farmers’ morale and encourage them to provide high-quality products that could be exported to generate revenue.

Most farmers rely on agriculture for their livelihood. Small-scale farmers, in particular, depend on farming to make ends meet, and the government should support them by purchasing their produce. This initiative would improve people’s living standards and increase agricultural production.

The government should also provide affordable agricultural equipment to ensure accessibility for farmers. The government should also provide affordable agricultural equipment to ensure accessibility for farmers.

 Pkor Amos