Ghana’s developmental expectations and aspirations of freedom from colonial rule remain unfulfilled, according to Ekow Duncan a leading member of the Convention People’s Party (CPP).
In a reaction to the State of the Nation address by the President, he pointed out that from the state of an industrialized economy by 1965, “we have de-industrialized and retrogressed with all the characteristics of a colonial economy”.
He further pointed out that after a “hasty and unregulated sale of national industrial investments of the CPP government of the first republic, we revert to a colonial construct of a peasant agricultural production and commodity export economy that is unfit for international economic competition”.
Mr Duncan observed that the consequent import dependency and fluctuations in export earnings of a colonial economy “remains after more than 50 years of political freedom”.
“We should break this chain now”, he added.
He observed further that “we are still dependent on external debts to finance our recurrent and development budget due to our persistent poor colonial terms of trade. We are in this colonial financial and trade relation exporters of capital with a vitiated capacity for capital formation for growth
He questioned how a Socialist Forum that is definitively committed to the “structural transformation of our colonial economy can be satisfied with the State of the Nation address by the President. This can only happen in Ghana where there is politics without principles”.
Source: New Crusading Guide
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