Execs: Govt has to address structural impediments
In order to grow the economy the government has to accept its administrative deficiencies and address structural impediments, especially given that successive governments had not dealt with the underlying issues of the country.
These were the sentiments of Chief Executive Officer of the Bahamas Chamber of Commerce and Employers’ Confederation (BCCEC) Jeffrey Beckles, and Vice President and Chief Financial Officer of Commonwealth Bank Gladys Fernander. Both made their comments as guests on the radio show “Morning Blend” on Guardian Radio.
Fernander said The Bahamas has significant deficiencies that will not be fixed overnight, and contended the government cannot continue to place Band-Aids on the country’s problems.
She pointed to issues such as the country’s power production woes, The Bahamas’ ease of doing business ranking, and the country’s broken education system as foundational issues that need to be addressed if the economy is to grow.
Fernander added that The Bahamas has to produce more Bahamians who are immediately employable.
“We can talk about companies training employees, but employees need to come with certain basic skills,” she said.
“I expect you to be able to read and write, you can’t expect a company to train you when you can’t read or write, so that’s definitely something that needs to be addressed.”
Beckles said the government has to begin to look at the needs of the country in order to best decide the way forward in regards to immigration policy.
“There aren’t enough Bahamians to grow The Bahamas properly,” he said.
Education: Florida International University, BS in Journalism