Audio By Carbonatix
The immediate past Convention People's Party (CPP) flagbearer, Dr Paa Kwesi Nduom says Ghana does not need donor funds to develop but rather, should harness her resources in order to yield better dividends.
Speaking on the Super Morning Show on Monday, Dr Nduom said the international community have over the years given us donor funds which have come along with conditions that only cripple the country’s development agenda.
Citing South Korea as an example, he said the Far-East nation took a bold step in the late 1970-80s when it boldly rejected donor funds which were tied with concessionary conditions.
"In the early 80s [and] late 70s when they [South Korea] went to the World Bank and the World Bank said we will not give you money if you continue to build the steel building industry, the Koreans said okay, take your money, because steel building is going to become a bedrock for our economy,” he said.
According to him, it is high time that Ghana follows suit to prevent such contract conditions which have but only retarded the pace of the country’s growth.
Responding to host, Kojo Oppong Nkrumah’s question of what the country’s future should be with its donor partners, Dr Ndoum clearly stated that the country can survive without them.
“We need to be able to stand up and say, ‘we don’t need you’ [donor partners]...the new pension law, if we had activism at the top and it was implemented very vigorously, we can raise a billion dollars from this system here in Ghana,” he challenged.
He added that the country needs "activist leadership", where leaders will go down to communities in order to find pragmatic solutions to their problems.
Story by Fidel Amoah/Myjonline.com/Ghana
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
-
When the gold engine stutters: What Ghana’s Cedi and reserves are telling us about the new economic architecture
55 seconds -
Two reportedly die after being trapped in mining pit at Juaboso
11 minutes -
Petrosol cleans up Wa Municipal Hospital, to donate medical equipment
12 minutes -
KiDi brings the hits to London in sold-out UK headline concert
40 minutes -
The last goodbye of Ghanaian shot dead in the US
58 minutes -
MCC opens door to Ghana again as MiDA revives development partnership
1 hour -
CSIR moves to turn scientific research into jobs, national growth
1 hour -
More patrons troop in as 3rd Republic Bank-JoyNews Habitat Fair clinic enters final day stretch
1 hour -
German, Russian foreign ministers hold rare talks amid rising tensions
1 hour -
Gov’t to develop policy for Ghanaian Sign Language in education
2 hours -
Accra Academy defend ODADEƐ ’90 5-a-side title
2 hours -
Ghana risks EU gas market access over methane emissions – Expert warns
2 hours -
Salt Pond’s $200m warning: Why Ghana cannot afford to exclude Fisheries Commission from future decommissioning
2 hours -
Venezuela frees 39 political prisoners after post-Maduro talks
3 hours -
GoldBod financing model faces test as cedi, reserves come under pressure – Gideon Boako
3 hours