President Akufo-Addo insists his ‘Ghana Beyond Aid’ agenda is achievable.
He explained that his recent comment that government would continue to borrow meaningfully does not mean the ‘Ghana Beyond Aid’ agenda would be abandoned.
“My government’s vision of moving our country to a situation beyond aid, i.e. Ghana Beyond Aid is aligned with Germany’s compact with Africa programme.”
“Under my leadership, we are determined to discard the mindset of dependence on aid, charity and handouts and aim towards becoming self-reliant within the context of strong global cooperation.”
President Akufo-Addo was addressing the 2018 G20 compact with Africa conference in Berlin, Germany.
“It is expected that the premise on which this conference is being held will enable Germany and the compact with African countries to reshape our economies and chart a new path of growth and development in freedom.”
He said his government is creating an enabling environment for investments in Ghana to thrive.
“That is why my government has spent the last 21 months period of our stay in office to improve the fundamentals of the Ghanaian economy because we believe that an improved macro-economy is a basic requirement for stimulating the investments we need for the significant expansion and growth of the national economy and the generation of wealth and jobs.”
The Ghanaian leader added that “additionally, we have initiated and implemented policies that are encouraging and empowering the private sector to grow the Ghanaian economy within the framework of macroeconomic stability.”
“We believe that when the private sector flourishes and when our enterprises become competitive not just on the continent but also in the global marketplace then we can create thousands of jobs for the teeming masses of unemployed youth.”
He lauded the decision of German automobile giant, Volkswagen to establish an assembly plant, as well as Siemens’ intention to set up a base in Ghana.
He said the move is a testimony to his administration’s efforts to create an enabling environment for the private sector to flourish.”
“We will continue to work hard to attract investments, domestic and foreign into Ghana so that we can unleash the sense of enterprise creativity and innovation of the Ghanaian people and help build a progressive, prosperous Ghana whose citizens live in harmony. Together we can help make life meaningful and worth living for our people like others have done.”
President Akufo-Addo commended the German Chancellor, Angela Merkel, for her exemplary leadership.
“Let me use this occasion as we take account of the sad news of her departure from the German political scene to congratulate Angela Merkel on her exceptional leadership of Germany and Europe this last decade and more.”
“The Ghanaian people and I will regret her departure very much for she is being one of the most outstanding leaders of modern times.”
Today, the President will deliver the keynote speech at the 18th International Economic Forum on Africa of the influential Organisation for Economic Cooperation and Development (OECD) simultaneously in Paris, France.
Critical topics for discussions at the International Economic Forum are growth, employment, migration and development in the wake of Africa’s historic decision for closer integration.
Source: Daily Guide
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I'm sorry you feel that way abt the business comparison. I'm not NPP, by the way :). I'm afraid i have to use a few more business analogies. 1. When you have enough money to run a serious business successfully you would not need handouts (aid in this case) 2. You'd agree that most big companies sell shares. They sell shares to raise money (you can look at it as borrowing money from shareholders). If you have big ideas to expand and make your company more profitable it's perfectly fine to borrow for that purpose. Gov't has big ideas to transform the country and it's perfectly fine to borrow for that purpose. I think we should hold them accountable for how they apply the loans rather than complaining abt them taking loans. I don't think you can name any developed country that doesn't borrow in any form (Bonds, treasury bills etc.)
I believe strongly that you have some free state money at your disposal because you an NPP activist. Be realisict and stop this your stupiiiiiiiid business comparison. Well any serious businessman who want to build his /her business on what they have without borrowing , will take tough business decisions to succeed. Your government is doing the opposite.
I get very sad when i see ppl think this way. Well, if they are being paid to oppose anything the gov't does then i can understand but you have to do it more intelligently otherwise nobody takes you seriously. If you had a good business idea that will make you earn more money than the handouts you get from ppl would you rather take a loan to get your business running knowing you can make more to pay off the loan and be self-sufficient or you will remain in poverty and rely on non-guaranteed handouts? Simple logic.
"Even America borrows". This your mentality does not make it possible. focus on bread and better issues
Ghana beyond aid mantra possible with the rate of borrowing? You are the most confused president we have had......Just spare us our ears and enjoy whiles you are at it............