Home   >   Politics   >   Politics   >   201602
Ghana Is Retrogressing - CPP Man
 
<< Prev  |  Next >>
 
29-Feb-2016  
Comments ( 0 )     Email    Print
       
 
 
 
 
 
Related Stories
 
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
 
 

Comments ( 0 ): Post Your Comments >>

 
 
 
Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority.