Making Ghana Great by reducing aid dependency had led to the Ghana Beyond Aid mantra, denoting the country’s potentiality to take ownership of development.
The President of Ghana, Nana Addo Dankwa Akufo-Addo, continually blazon the Ghana Beyond Aid as means to creating prosperity. According to him, Getting Ghana to a situation Beyond Aid, means adding value to Ghanaian exports, and stopping the export of materials such as cocoa, gold, bauxite, manganese and oil in their raw state.
The President then received a charter on Ghana Beyond Aid, outlining the roadmap for Ghana’s determination to be a self-reliant country. He again saw that the mindfulness made on the landmass in the course of recent decades had demonstrated plainly that Africa could possibly address its formative difficulties when it liberates itself from the reliance on aid.
It implies the government has come into realization that aid and loans have a negative ramification on the economic growth of Ghana, after examining the long and short-term relationship between aid and economic growth.
In the past sixty years, over US$I trillion in development-related aid has been transferred from Western countries to Africa.
In the quest to fighting poverty, a lot of initiatives including Make Poverty History, the Millennium Development Goals, the Millennium Challenge Account, the Africa Commission, and the 2005 G7 meeting, and now the Sustainable development Goals (SDGs), millions of dollars each year have been raised in richer countries to support working for Africa including Ghana.
What has been the measurable impact of those programs to help create prosperity on the continent?
Given the extent of corruption in Ghana, efforts towards development have greatly been hampered and that advanced economies assist African countries through aid, grants, and institutional reforms to end corruption which tends to derail efforts at growth and development.
Corruption is known to “undermine governance, economic growth and ultimately the stability of a country and the fight seem endless.
Successive Governments over the years had continuously asked the international communities (IMF, World Bank, European Union etc) for technical assistance, particularly regarding the preparation of new development estimates for national budget and lists for projects that qualifies Ghana for international Bank loans or grants.
Ghana is covered with expensive resources ranging from Gold, Bauxite, oil, Cocoa, Diamonds, Manganese and fertile farming lands. All these minerals and resources had been mined for over 100 years before democracy and 27 years after embracing democracy. Upon all these, governments of Ghana still depend on aid.
The norm of foreign companies looking for offshore oil and national elites all too willing to grant contracts in a less transparent conditions look endless.
Absence of political accountability and transparency had enveloped us all for long with little or no inroad to retard these inadmissible and undemocratic standards.
This public lecture which is scheduled for 12th – 15th July, 2019, at the Summit Lodge Hotel in Koforidua, will
bring together experts in the public policy space and economists to give insights on the Ghana Beyond Aid program. It will expound the concept of the mantra and propound new ways to doing things right to help achieve the intents of Ghana Beyond Aid framework
Speakers Includes, Franklin Cudjoe of IMANI Africa, Prof. Brian Baugus an Economist in the US, and other Representatives in Government.
Institute for Liberty & Policy Innovation – ILAPI
Tema – Ghana
“Every good act is charity. A man’s true wealth hereafter is the good that he does in this world to his fellows” Moliere