• Latest
  • Trending
Guggisberg economy

Akufo-Addo, Ofori-Atta didn’t understand the Guggisberg economy they talked about – Pianim

January 12, 2023
Enzo Fernandez

Fabrizio Romano offers positive update in Chelsea’s last-minute pursuit of Enzo Fernandez

January 31, 2023
Insurance

Insurance broker faces $30,000 penalty over further “fraudulent activity”

January 31, 2023
Insurance

Consilium’s FAC reinsurance: What does it mean for Aussie brokers?

January 31, 2023
Pope Francis visits DRC and South Sudan

Why is Pope Francis visiting DRC and South Sudan?

January 31, 2023
Russia-Ukraine War

Russia-Ukraine War: Moscow’s troops pushing for Vuhledar – UK

January 31, 2023
Computerized School Selection And Placement System Fraud

Police Arrest 8 People Over Computerized School Selection And Placement System Fraud

January 31, 2023
Afia Schwarzenegger

BREAKING: Court detains Afia Schwarzenegger, orders her to pay GH¢60,000

January 31, 2023
incest

Siblings banished from community for committing incest

January 31, 2023
Africa Prosperity Network

Full Text: President Akufo-Addo’s Speech At The Dialogue Organised By The Africa Prosperity Network

January 31, 2023
Chairman Wontumi

Wontumi missing at Alan Kyerematen’s meeting with NPP regional executives

January 31, 2023
Ban on Used Electrical Gadgets

Energy Commission Sets Record Straight On Used Electrical Gadgets Ban

January 31, 2023
NPP Flagbearer Race

Alan Seeks Otumfuo’s Blessings For NPP Flagbearer Race (VIDEO)

January 31, 2023
  • HOME
  • POLITICS
  • GENERAL NEWS
  • INTERNATIONAL NEWS
  • SCHOLARSHIP
  • OPINION
  • JOBS
  • Sports
  • Entertainment
InsiderGH.com
  • HOME
  • POLITICS
  • GENERAL NEWS
  • INTERNATIONAL NEWS
  • SCHOLARSHIP
  • OPINION
  • JOBS
  • Sports
  • Entertainment
No Result
View All Result
  • HOME
  • POLITICS
  • GENERAL NEWS
  • INTERNATIONAL NEWS
  • SCHOLARSHIP
  • OPINION
  • JOBS
  • Sports
  • Entertainment
No Result
View All Result
InsiderGH.com
No Result
View All Result
Home POLITICS

Akufo-Addo, Ofori-Atta didn’t understand the Guggisberg economy they talked about – Pianim

January 12, 2023
in POLITICS
Reading Time: 3 mins read
0
Guggisberg economy

Kwame Pianim

Kindly share

President Nana Addo Dankwa Akufo-Addo and his Finance Minister Ken Ofori-Atta did not understand the Guggisberg economy they talked about that they were going to move the Ghanaian economy away from, an economist Mr Kwame Pianim has said.

It is recalled that Mr Akufo-Addo, soon after he became President in 2017, said he was rolling full steam ahead with plans of building a modern Ghanaian economy which was not overly dependent on the export of raw materials.

The President described the country’s over reliance on gold and cocoa as reminiscent of the Guggisberg economy and subsequently launched several initiatives intended to turn the economy around.

A Guggisberg economy is credited to the economic philosophy of Sir Gordon Guggisberg, the Governor of the Gold Coast between 1911 and 1919 which emphasized the export of raw materials to Great Britain. Unfortunately this phenomenon has persisted for decades since its creation even after the Gold Coast assumed the name Ghana post- independence.

President Akufo-Addo is in a hurry to change the status quo with the introduction of the One District One Factory, the Planting for Food and Jobs and the National Entrepreneurship and Innovations Plan are some of the initiatives from the Presidency which are meant to refocus Ghana’s economic development.

“We are determined to build a new Ghanaian civilization, a Ghana beyond Aid. It is a Ghana where we aim to be masters of our own destiny, where we marshal our own resources for the future, breaking the shackles of the ‘Guggisberg’ colonial economy of a producer of raw materials, and a mind-set of dependency, bailouts and extraction.

“It is an economy where we look past commodities to position ourselves in the global marketplace at the high end of the value chain. It is a country where we focus on trade, not aid, a hand-up, not a handout. Said the President of the Republic.

Speaking on recent happenings in the Ghanaian economy, Mr Kwame Pianim told TV3’s Paa Kwasi Asare in an interview on Wednesday January 11 that “It saddens me when I see Ken Ofori-Atta [and President Akufo-Addo] sit on television pontificating. We are importing so many billions in rice, so many billions in poultry.

“Ofori-Atta has been Minister for six years, if three years ago he had put money into agriculture, he had put money into the 1D1F, would he be talking like these? We could have said every importer of poultry, if you import a hundred you should buy 10 locally, next year you have to buy 20, the 3rd year 30, these GUTA people would have invested in the poultry and get the poultry to be able to distribute domestically.

“The first time Ofori-Atta started, he said he was going to transform this economy from the Guggisberg economy to a new economy, he did not even understand what the Guggisburg economy was.

“In the Guggisberg economy, he had a plan for cocoa, distribute cocoa, built roads into the villages, where there was timber he built the roads, then he built railways, he built the ports, he built Achimota school, built Legon infrastructure, by the time we got independence we had plenty of reserves.

“So ken, if the moneys he borrowed , if he was running a Guggisberg economy we could have seen that cash flow coming out from the moneys he was borrowing so that we can be able to repay. All the time he was borrowing recklessly, at the back of his mind was that he was not going to pay.”

Tags: Guggisberg economyKwame Pianim
Previous Post

GNPC To Drill First Oil Well In Voltaian Basin By End Of 2023 – CEO Announces

Next Post

6 controversial things Dr. Afriyie Akoto will be remembered for

Related Posts

Computerized School Selection And Placement System Fraud
POLITICS

Police Arrest 8 People Over Computerized School Selection And Placement System Fraud

January 31, 2023
Africa Prosperity Network
POLITICS

Full Text: President Akufo-Addo’s Speech At The Dialogue Organised By The Africa Prosperity Network

January 31, 2023
Chairman Wontumi
POLITICS

Wontumi missing at Alan Kyerematen’s meeting with NPP regional executives

January 31, 2023
Ban on Used Electrical Gadgets
POLITICS

Energy Commission Sets Record Straight On Used Electrical Gadgets Ban

January 31, 2023
NPP Flagbearer Race
POLITICS

Alan Seeks Otumfuo’s Blessings For NPP Flagbearer Race (VIDEO)

January 31, 2023
Asiedu Nketia amd Haruna Iddrisu
POLITICS

‘Powerful’ Haruna Iddrisu may go unopposed in primaries – Asiedu Nketiah

January 31, 2023
Next Post
Afriyie Akoto

6 controversial things Dr. Afriyie Akoto will be remembered for

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
National Cathedral

Okudzeto Ablakwa Drops Bombshell; Publishes The Mother Of All National Cathedral Scandals

January 16, 2023
Central Region NDC Youth organizer

BREAKING: NDC Changes Its Leadership In Parliament

January 24, 2023
Kusi Boateng

Ablakwa strips Rev. Kusi Boateng ‘naked’ with shocking GRA evidence

January 20, 2023
ghost businessman’s bribe to keep Haruna Iddrisu in office

NDC’s new minority leader rejected ghost businessman’s bribe to keep Haruna Iddrisu in office

January 27, 2023
Okudzeto Ablakwa

‘Odinary producer’ … ‘Who the Hell are you’ — Hot Exchanges as Ablakwa walked Out of Live Asempa Ekosii Sen

January 20, 2023
Asiedu Nketia

Asiedu Nketia explains change in NDC’s parliamentary leadership

January 24, 2023
car search

What to do when police stop you for car search – Expert advises drivers

January 20, 2023
Auditor General's report

Information Ministry paid itself ¢151k as Covid-19 allowance for working during lockdown – Auditor-General

January 23, 2023
Ablakwa

How Adom-Otchere triggered Ablakwa to release latest set of allegations against Rev. Kusi Boateng

9
NDC Parliamentary leadership

Backbenchers anger, 2024 elections: The confirmed and reported reasons behind NDC’s parliamentary ‘coup’

7
Central Region NDC Youth organizer

BREAKING: NDC Changes Its Leadership In Parliament

7
Asiedu Nketia

Asiedu Nketia explains change in NDC’s parliamentary leadership

6
Chairman Wontumi

Wontumi missing at Alan Kyerematen’s meeting with NPP regional executives

5
Nigel Gaisie 2023 prophecy

Kwame Dramani will sit at Jubilee House – Nigel Gaisie’s 2023 Prophecy

5
MPs who won't return to Parliament in 2025

Four top MPs who will not be returning to Parliament in 2025

4
How to avoid food poisoning from waakye

How to avoid food poisoning from waakye – Dr Okoe-Boye shares tips

4
Enzo Fernandez

Fabrizio Romano offers positive update in Chelsea’s last-minute pursuit of Enzo Fernandez

January 31, 2023
Insurance

Insurance broker faces $30,000 penalty over further “fraudulent activity”

January 31, 2023
Insurance

Consilium’s FAC reinsurance: What does it mean for Aussie brokers?

January 31, 2023
Pope Francis visits DRC and South Sudan

Why is Pope Francis visiting DRC and South Sudan?

January 31, 2023
Russia-Ukraine War

Russia-Ukraine War: Moscow’s troops pushing for Vuhledar – UK

January 31, 2023
Computerized School Selection And Placement System Fraud

Police Arrest 8 People Over Computerized School Selection And Placement System Fraud

January 31, 2023
Afia Schwarzenegger

BREAKING: Court detains Afia Schwarzenegger, orders her to pay GH¢60,000

January 31, 2023
incest

Siblings banished from community for committing incest

January 31, 2023

Recent News

Enzo Fernandez

Fabrizio Romano offers positive update in Chelsea’s last-minute pursuit of Enzo Fernandez

January 31, 2023
Insurance

Insurance broker faces $30,000 penalty over further “fraudulent activity”

January 31, 2023
Insurance

Consilium’s FAC reinsurance: What does it mean for Aussie brokers?

January 31, 2023
Pope Francis visits DRC and South Sudan

Why is Pope Francis visiting DRC and South Sudan?

January 31, 2023
InsiderGH.com

InsiderGH.com is the fastest growing socio-political news portal in Ghana. Get all breaking news updates, latest news headlines, local and international stories, showbiz, lifestyle etc.

Follow Us

Browse by Category

  • Apps
  • Business
  • Entertainment
  • Fashion
  • Food
  • Gadget
  • Gaming
  • GENERAL NEWS
  • Health
  • INTERNATIONAL NEWS
  • Lifestyle
  • Mobile
  • Movie
  • Music
  • News
  • OPINION
  • POLITICS
  • Review
  • SCHOLARSHIP
  • Science
  • Sports
  • Startup
  • Tech
  • Travel
  • World

Pages

  • ABOUT US
  • CONTACT US
  • DISCLAIMER
  • HOME
  • PRIVACY POLICY
  • TERMS OF USE

Copyright © 2020 - 2023, InsiderGH.com. All rights reserved.

No Result
View All Result
  • HOME
  • POLITICS
  • GENERAL NEWS
  • INTERNATIONAL NEWS
  • SCHOLARSHIP
  • OPINION
  • JOBS
  • Sports
  • Entertainment

Copyright © 2020 - 2023, InsiderGH.com. All rights reserved.

We are using cookies to give you the best experience on our website.

You can find out more about which cookies we are using or switch them off in settings.

Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.