Managing editor of the Insight Newspaper, Mr. Kwesi Pratt has made a passionate suggestion to the Ghanaian populace to consider adopting the system of the governments of Venezuela and Cuba.
According to the veteran journalist, if the country is so eager to eradicate poverty and the hardships confronting the nation, the adoption of the two country's systems of totally owning its state resources and ensuring that the economy is not import driven is the best option.
Meanwhile, Kwesi Pratt has also commented on the challenges confronting the financial sector and the general economy of the country on Radio Gold's Alhaji and Alhaji political show now on Pan African TV. According to him, the challenge is due to the introduction of neoliberalism.
He was of the view that, so long as the status quo remains the same as all state resources are being controlled by foreigners with only meager reserved for the state, the fundamentals of the economy of the country will continue to suffer until there is a change.
“…our diamonds are being controlled by foreigners, our golds are managed by foreigners, our oil is also suffering the same fate, our forest as well, is for the foreigners…every state resource we have are not ours and how do you expect the economy of the country to be better?”, he bemoaned.
“I think that Ghana needs a government like that of Venezuela and Cuba to eradicate poverty and hardships in the country…our economy will continue to suffer because we are an import-dependent country”, he added.
Background
The Bank of Ghana (BoG) has revoked the licences of 347 Microfinance Companies, with effect from today, Friday, May 31st.
The central bank's decision, announced in a press release Friday, involves the revocation of licenses of 192 insolvent microfinance companies and another 155 insolvent microfinance companies that have ceased operations.
These actions were taken pursuant to section 123 (1) of the Banks and Specialised Deposit-Taking Institutions Act, 2016 (Act 930), which requires the Bank of Ghana to revoke the license of a bank or Specialised Deposit-taking Institution (SDI) where the Bank of Ghana determines that the institution is insolvent or is likely to become insolvent within the next 60 days.
Attached is the full list
Source: Daniel Adu Darko/Peacefmonline.com/[email protected]
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Did he say Venezuela or RWANDA?what should we copy from Venezuela?
The man must be on some hallucinogenic substance. My advise to Kwesi Pratt is "stop partake of your own stash of snuff bro." Venezuela is suffering from food shortages, dumsor worse than what we experienced under the Mahama regime, political instability and a very divided society on the verge of civil war. With reference to Cuba does he thing he Kwesi Pratt would knuckle under a one party state especially if he was not of that party?
Uncle Kwesi,be abreast with time,do you know what is happening to Venezuela at the moment. Both Cuba and Venezuela are fail state.When did you conceive this idea?It looks as if you say all sort of things when NPP is in power.Cheap money will not flow from them to you.Your daughter got chance to do her masters through Prof. Mills benevolence to you.It is time you find another source of income because NPP will not loose power in the short time.
How can this Apam man be talking like this
Master, stop this cheap and waste of time idea. What is good about these two countries that we should copy. No wonder you have no brains and you keep chunking out lies all the time. shame on you.
I never had any regard for Kwasi Pratt and he proved me right with this assertion. I just wonder why Ghanaians keep listening to this ***barred word*** everyday.
I think this man really has brain sickness, he does not know what is going on around the world. Venezuela and Cuba are failed states now and with all your too know, you want Ghana to be governed as these failed countries. Master Akwasi you are good for nothing in current political world. If you have nothing to contribute to the development of our dear Ghana, please mute your mouth.
Kwesi Pratt stand for the presidency to be elected so you can lay down your Venezuela and Cuba policies nonse*nse does this loud mouth man know what is happening in Venezuela? he is sick in his head and he thinks his so called socialist whatever is practiced in civilized world! let Kwesi Pratt even stand for assemblyman and see if he can win mouth mouth man know it all only in Ghana will this happen !and we have lazy media houses who invite lazy people to come to their studios for nons*ense they go there to scream and yell like they are in the market selling if the civilized world used all their time on politics on radio how could they develop? lazy way of thinking by Ghana's media houses they invite idi*ots to discuss critical nation affairs and they do so by yelling screaming and cursing ! what nons*ense is that!
When was the last time this Old communist Massa Kwasi Pratt read of the happens in this 2 FAILED Communist States. Ghana to learn from Failed States,,, ahhhhhh eeeeeeeeiiiii, Kwasi paaaa hmmmmmm. Veteran Journalist 😰ðŸ˜
Pure ***barred word***