
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
-
Africa can no longer rely on foreign aid for healthcare – Deputy Health Minister
9 minutes -
COCOBOD’s shift to local market financing is the right move – BoG
13 minutes -
Minority labels economy a ‘galamsey economy’, questions government’s growth claims ahead of budget review
14 minutes -
Joy FM’s Showbiz Roundtable to assess Mahama administration’s performance in tourism, culture and creative arts
14 minutes -
Finance Ministry must fund GoldBod operations after BoG exit – Economist
14 minutes -
BoG to sell remaining stakes in ADB, NIB – Dr. Asiama
23 minutes -
Ghana, Netherlands deepen security cooperation to combat organised crime and drug trafficking
25 minutes -
JoyNews’ Digital Economy forum aiming to shape Ghana’s digital future comes off tonight
31 minutes -
Africa must fund its own health systems to achieve universal healthcare – African Union Commissioner for Health
32 minutes -
UNFPA Ghana, Prudential Life Insurance graduate 25 former head porters in painting and tiling skills
33 minutes -
BoG Governor assures Ghana’s foreign reserves remain strong despite decline
41 minutes -
BoG to engage industry actors in operationalising virtual asset law
45 minutes -
Cedi depreciates 9.5% against dollar in interbank market
54 minutes -
Transparency International flags implementation gap in Ghana’s defence accountability systems
1 hour -
MPC keeps policy rate at 14%, cites inflation risks due to Middle East tensions
1 hour