The Alternative Force for Action (AFA) led by the Independent presidential aspirant, Dr Sam Ankrah, has announced his commitment to execute an ambitious plan to resuscitate the ailing economy of the country.

Speaking on JoyNews’ The Pulse' with Samuel Kojo Brace, Dr Ankrah emphasised the need for robust, and foolproof policies to tackle the country's entrenched economic challenges head-on.

“Our economic situation in Ghana calls for radicalism. Comprehensive, radical, bulletproof policies must be implemented to address our economic issues,” he said on Thursday.

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Dr Ankrah highlighted the necessity for a government that has a concrete plan to manage the colossal debt without resorting to excessive taxation, which he argued is detrimental to businesses and raises the cost of living.

The presidential aspirant believes he and his team are the right people to steer the state of affairs to transform the country.

According to him, the AFA Group has identified 22 transformative projects designed to revitalise Ghana’s economy.

Central to their plan is the domestication of oil production.

While criticising the current practice of exporting all of Ghana’s oil for refining abroad, only to re-import it at significantly higher prices, Dr Ankrah noted that this practice will change under his governance.

“Ghana is producing twice as much oil than we consume and yet everything we produce at the oil fields is exported to somebody else’s country. It gets refined and they bring it back at a price as high as 2000 percent of the exported oil.

“This means you are importing inflation, you’re depreciating currency, you’re not creating employment and you’re not getting access to the by-products that come from oil, everything goes in the raw state and comes like many other commodities,” he told the host, Samuel Kojo Brace.

To address these issues, Dr Ankrah vowed that the AFA administration would prioritise domestic oil production.

“In the first 90 days in office, we will call the oil guys to come for a round table discussion and give them an option to build a 200,000-barrel-a-day refinery; if they approve super.

“If not, there are advanced talks with other private agencies to get an agreement signed to get them to establish a 200,000-barrel-a-day refinery in the first 8 months of AFA’s administration,” he pledged.