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
-
Afrobeats artists, producers made better music when they lived together – Don Jazzy
5 minutes -
South Africa secures $150 million loan from OPEC Fund
16 minutes -
Nigeria’s Tinubu urges global finance overhaul as debt costs crowd out spending
25 minutes -
Nigeria military says no evidence of civilian casualties from Zamfara market airstrike
36 minutes -
Body of second missing US soldier recovered in Morocco
45 minutes -
Nigerian court sentences ex-power minister Mamman to 75 years in prison for fraud
54 minutes -
Cuba has run out of diesel and fuel oil amid US oil blockade
1 hour -
Drug addiction counsellor sentenced in Matthew Perry’s overdose death
1 hour -
US citizen convicted of running secret Chinese ‘police station’ in NYC
1 hour -
Trump’s Fed chair pick Kevin Warsh confirmed by US Senate
2 hours -
Lawyers of men killed in police operation in Upper East Region demand probe
2 hours -
Mahama pushes ‘Accra Reset’ at Africa Forward Summit, warns debt is crippling health systems
3 hours -
‘Watermelon deaths’ in Mumbai puzzle investigators
3 hours -
Mass sex abuse allegations force closure of boarding school in Indonesia
3 hours -
Thief jailed after stealing unreleased Beyoncé music from car
3 hours