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Togbe Afede laments Ghana’s massive debt load despite the country’s abundant natural riches.

Togbe Afede XIV, the Agbogbomefia of the Asogli State, has lamented Ghana’s poor infrastructure development despite its skyrocketing debt load.

He worries that despite the nation’s high level of debt, there is not enough to demonstrate the value of the nation’s borrowing.

Speaking to the crowd at the great durbar that will conclude the 2022 Asogli Yam Festival in Ho, Togbe Afede XIV declares that COVID-19 and the Russia-Ukraine war have exposed the country’s economy.

“Our economic problems predate COVID-19 and the Russia-Ukraine war. We are lucky to have so much – 30 percent 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.”

According to him, the enormous amounts of funding Ghana has received have not resulted in the building of the infrastructure that Ghanaians need and deserve.

More worrying is the fact that, with a lot of debt, we cannot tell what that has done for us. So we still lack a lot of the basic facilities; poor roads. From Accra to Ho and Ho to Aflao, we know how bad the road is. Many of these roads used to be very good. If they were good and are now bad, then it means that we have retrogressed as a country.”

This year’s Asogli Yam festival which is on the theme “Let’s Eschew Greed, Unite for Peace, Development and Prosperity” started on the 6th of August 2022.

Former President John Dramani Mahama claimed the Akufo-Addo administration had failed in its efforts to combat corruption while speaking at the same event.

He made this statement in response to violations listed in the 2021 Auditor General’s Report.

According to the former president, John Dramani Mahama, the nation has significant obstacles and must shun selfishness in order to promote progress.

Despite the solid foundations our ancestors built, he observed, self-centeredness has deteriorated.

“The NPP government has completely lost control of the fight against corruption. President Akufo-Addo in his inaugural address promised to protect the purse. Today, that public purse cannot be found. Revelations in the Auditor General report for 2021 is only a microcosm of the seeming institutionalization of corruption under this administration”, he lamented.

Disclaimer: The opinions expressed in this publication do not in anyway reflect the opinions of State News Ghana

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