Audio By Carbonatix
New Patriotic Party (NPP) flagbearer aspirant and former Assin Central MP, Kennedy Agyapong, has vowed to use the 'Asian Miracle' to transform Ghana.
According to him, Ghana can learn from what is known as the Asian Miracle, where countries like Singapore, South Korea, and Taiwan rose rapidly by combining government support with strict accountability.
Speaking at the National Emerging Leaders Economic Forum 2025, Mr Agyapong explained that in those economies, governments actively provided subsidies, targeted policies, credit facilities, and direct financial assistance to local industries.
“Companies that used these resources effectively were strengthened, while those that failed to deliver were replaced by better managers to ensure efficiency and results,” he said.
He stressed that in Ghana, state support must not be treated as a free ride.
“Beneficiaries of soft loans and incentives must deliver results. If they fail, the support—and in some cases the entire enterprise—should be taken away and handed to more competent managers,” Mr Agyapong stated.
He argued that this approach would instill discipline, reward hard work, and ensure resources are used productively.
The former Assin Central MP maintained that Ghana already has the talent and capacity to replicate such a transformation.
“What we need is courage, discipline, and the determination to replicate strategies that have already proven successful elsewhere,” he stated.
Latest Stories
-
IMF Board to consider Ghana’s 5th Programme review today, $300m+ disbursement expected
4 minutes -
Trump orders blockade of sanctioned oil tankers in and out of Venezuela
13 minutes -
Dosh and MobileMoney Ltd partner to expand digital health insurance access in Ghana
15 minutes -
Reconceptualizing communications departments towards a strategic, stakeholder-driven model
20 minutes -
Fuel prices begin to drop as OMCs cut pump rates; petrol sells at ¢12.50 and diesel goes for ¢12.99
21 minutes -
Nick Reiner charged with murder of his parents Rob and Michele
21 minutes -
ECG promises reliable power supply during holidays
29 minutes -
Mamprugu Overlord rejects Otumfuo’s Bawku mediation report, calls process flawed
38 minutes -
Sekondi Premix Committee raises GH¢126,000 in ten months for community development
49 minutes -
Nationwide premix accountability drive set for 2026
59 minutes -
Poor records, not Illiteracy, fuel premix accountability gaps – National Secretariat
1 hour -
17 Communities declared open defecation-free
1 hour -
Military Warrant Officer arrested over alleged illegal firearms sale in Ashanti Region
1 hour -
Gunmen open fire on a bus in Walewale, two critically injured
2 hours -
A Plus backs calls for stronger accountability at OSP, says criticism should spur improvement
2 hours
