Ghana’s economy was already weak before Covid-19 and Ukraine-Russia war – Togbe Afede
Togbe Afede XIV the Agbogbomefia of Asogli state has complained that Ghana has nothing to show in terms of infrastructure, though its debt keeps on increasing, adding that Ghana as a country cannot show value for money in its borrowing spree.
While delivering a speech to commemorate the Asogli Yam festival explained that Ghana’s weak economy predates Covid-19 and the war between Russia and Ukraine and that using the two as excuses are just for the lack of reasons but not the reality.
He said “Our economic problems predate Covid-19 and the Russia-Ukraine war. We are lucky to have so much – 30 per cent of all mineral resources in the world, so much of the world’s arable lands, yet we cultivate so little to the world’s output, and we remain poor, and the worst part is that we are so much indebted”.
Celebrating this year’s Asogli Yam festival under the theme, “Let’s Eschew Greed, Unite for Peace, Development and Prosperity”, Togbe Afede said it was a worry that the huge borrowing cannot be translated into infrastructural development, making most communities in Ghana lack many basic amenities.
