Ghana’s Economy Too “Import Dependent”—Kofi Amoah

An entrepreneur and businessman, Dr. Kofi Amoah has described the country’s economy as too “import dependent” to reduce poverty and create wealth for all Ghanaians.

The proof according to him is “we haven’t been able to get rid of poverty, we have not been able to stand on our own feet; we are still import dependent…”

He has counseled the leadership and citizens not to strive to make Ghana a “nation of just consumers; we must also be a nation of producers” to give us economic independence.

He also advised that Ghanaians to “put the negative aspects of politics aside as a people” and begin to re-examine why the country’s development has stalled.

He criticized the political practice in Ghana where people can “predict what one person is going to say if the other person says something.”

According to him “then we come to a point where we are atrophied in the process of creating good ideas to help us.”

Speaking on the country’s current economic situation on the Citi Breakfast Show on Thursday, Dr. Amoah opined that Ghana’s policy on imports over the decades has supported the culture of preference for foreign goods over locally manufactured products.

According to him, every nation develops with the resources they have been blessed with therefore, Ghana should not be a country “of fertile land, 5 degrees above the equator, in the sunshine, a lot of rain and be importing vegetable, fruit juice, rice, sugar.”

He further suggested that by creating economic activities, there will be even development across the country.

Dr. Amoah urged government and relevant stakeholders to “must be circumspect and understand the critical points of importation that is killing domestic manufacturers.

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