The Presidential Hopeful of the New Vision Movement, Kofi Koranteng says all the policies by previous administrations have failed to develop Ghana into the country that offers equal opportunities for all citizens.

According to him, many individuals live in adverse poverty despite the nation being rich in natural resources.

Speaking on JoyNews’ Newsfile, he explained that government's inability to establish industries to process the country's resources has contributed to Ghana’s indebtedness.

“We are in a crisis. GH₵740 billion of debt, we have no industries. I know that Ghana Statistical Service gave us a little pat on the back that we had a trade surplus of about GH₵ 5.3 billion in 2023 but it is a deceptive trade surplus,” he said on August 24.

He explained that this was deceptive because there were no industries, 43% of households were classified as multidimensionally poor. Thus, these individuals could not afford the basic necessities of life; housing, clothing, healthcare, good food and water.

Mr Koranteng said it is worrying that despite Ghana exporting huge quantities of gold and cocoa, there is nothing to show for it.

Again, in the area of food security, he said rather than heavily investing in farm aces to grow food for the nation, Ghana still buys food stuff from Burkina and Niger.

This, he argued proves that government's policies including Planting for Food and Jobs have failed.

However, he assured that when offered the political mandate, these issues would be a thing of the past.