Audio By Carbonatix
The Convention People’s Party has highlighted the lack of national ownership in many sectors of the economy as a major setback in the nation’s quest towards economic development.
In an interview with Joy FM, Dr Kweku Osafo, chairman of the Manifesto Committee remarked that the “ownership of natural resources doesn’t mean we should not collaborate with foreign investors and the CPP wants to make that clear. Rather ownership means that the country controls a sizable portion of the key sectors of this economy."
He went on to state, that the lynchpin of the CPP’s economic policies will be to look critically at the nation’s ownership of resources. He cited the oil and gold sectors as major areas that the nation should have greater control over.
“We have no problem with investors coming to prospect for oil but after they recover their investments, Ghana should be able to own 50-70 percent of the equity”.
Focusing on the private sector he emphasized the need for government's support and encouragement for indigenous entrepreneurs so that the nation could compete better in the global market.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Stonebwoy makes history at OVO Arena Wembley with monumental BHIM Festival
21 minutes -
Qatar denies capturing three Iranian pilots after downing fighter jets
32 minutes -
Tano North chiefs petition Mahama over galamsey destruction in River Tano
56 minutes -
Kalpohin SHS, NOBISCO qualify to represent Northern Region at National Public Speaking Competition
1 hour -
Missing records of illegal gold purchases in Ghana raise concern – Duncan-Williams
1 hour -
Duncan-Williams warns of powerful interests targeting GoldBod
2 hours -
We need to pray for GoldBod – Duncan-Williams
2 hours -
Strong favourites or tougher task – will Arsenal defend their title?
3 hours -
Passengers escape death as VIP travelling from Kumasi to Sunyani catches fire
3 hours -
Ariana Grande leaves problems at home as her tour hits the UK
3 hours -
Multiple suspects at large after five shot at Virginia State University, police say
3 hours -
Three killed as Russia launches fresh aerial attacks across Ukraine
3 hours -
Boxing: John Laryea disqualified in WBA Featherweight title eliminator
4 hours -
Hawaii battles strong winds and rain as Hurricane Lala threat looms
4 hours -
Twelve killed as Polish bus veers off Hungarian motorway
5 hours