Ghana still needs foreign aid to develop - Former President Kufuor

Ghana still needs foreign aid to develop - Former President Kufuor

- Former President John Agyekum Kufuor has stated that it will be dangerous for Ghana to reject foreign aid

- According to him, Ghana needs foreign aid to help in various sectors of the country

- Ghana has signed 8 agreements with China in different sectors of their respective economies

Former President John Agyekum Kufuor, has argued that Ghana still needs foreign aid to boost development in the country.

According to him, there is an urgent need to drive development at all levels of the economy.

His comments are in reaction to concerns expressed by a cross-section of Ghanaians, with regard to deals signed with China.

A man wearing a suit

Former President John Agyekum Kufuor Source: Ghananewsagency.org
Source: UGC

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Government’s decision to sign eight new co-operation agreements and Memoranda of Understanding with China in different sectors of their respective economies, has been widely criticized by some stakeholders who have primarily argued that government has no new ways of generating wealth internally for development.

The criticism in most cases, has been occasioned by the government’s own pledge that it is seeking to build a Ghana Beyond Aid.

There are also concerns that the country is not getting the best from the aid largely due to rising corruption levels.

Speaking to the media at the graduation of first batch of students of the Kufuor Scholars programme , Kufuor insisted that Ghana’s current phase of development requires some form of financial support from international partners.

“It is a matter of phasing. We are in a phase of development. We just do not get up and say no aid. They have exploited us enough so we take to empower ourselves, to build ourselves through education and through attracting investment, creating employment, so it gets to a point where now when they come, they meet their equals.

So we have to be careful to say that now where we are, we will not go and ask for aid. We will do it, but only as a stage to empower us.”

Kufuor added that Ghana needs to strategically position itself to get the best out of international agreements.

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