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According to the veteran journalist, if the country is so eager to eradicate poverty and the difficulties that the country faces, adopting the two countries' systems of fully owning its state resources and to guaranteeing that the economy is not dictated by imports is the best option.
Meanwhile, Kwesi Pratt also commented on the challenges facing the financial sector and the country's general economy in Alhaji and Alhaji's political broadcast of Radio Gold, currently broadcast on pan-African television. According to him, the challenge is due to the introduction of neoliberalism.
He felt that as long as the status quo remained the same, with all state resources controlled by foreigners with limited reserves, the foundations of the country's economy would continue to suffer until exchange. .
"… Our diamonds are controlled by foreigners, our golds are managed by foreigners, our oil undergoes the same fate, our forest too, is intended for foreigners … all our state resources are not ours and how you do you expect the country's economy to be better?he lamented.
"I think Ghana needs a government like Venezuela and Cuba to eradicate poverty and hardship in the country … our economy will continue to suffer because we are an import dependent country," he said. he added.
Context
The Bank of Ghana (BG) has revoked the licenses of 347 microfinance companies as of today, Friday, May 31.
The central bank's decision, announced Friday in a press release, involves the revocation of licenses of 192 insolvent microfinance companies and 155 other insolvent microfinance companies that have ceased operations.
These measures were taken pursuant to Section 123 (1) of the Banks and Special Deposit Institutions Act, 2016 (Law 930), which requires the Bank of Ghana to revoke the approval of A bank or a specialized deposit institution (SDI). the Bank of Ghana determines that the institution is insolvent or likely to become insolvent in the next 60 days.
Here is the complete list
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