The Convention Peoples Party (CPP) has responded to claims that Dr. Kwame Nkrumah’s lack of vision is the cause of Ghana’s current problems.
Former President of Ghana John Agyekum Kufour in an interview with Accra-based Angel FM indicated that Ghana’s first President rushed with certain projects he undertook.
To Kufour there was the need to understudy the whites and also make the money in the country’s treasure to mature enough before the monies would have been used but that wasn’t the case.
“When we gained independence we just zoomed into industrialization so we started building factories. If your memories serve you right, in the first republic there were several factories scattered across. That involved a lot of money. The money that was at the Bank of Ghana. That time we were 6 million people in Ghana and the reserves comparing it to now would have been billions because in 1957 it was about 450 million dollars.
Comparatively, countries that are now been used as an example of developed countries like Korea, China and others could not be compared to us at all. Just four years after independence and even before Ghana’s population got to ten million people, all the reserves were gone.
This was because we were running, we wanted to build factories. Shoe factory, leather factory. We didn’t take our time to plan and also make the treasury gain some interest in it. We just started chopping the capital. You don’t chop your capital. That is why the economy collapsed,” the former President said.
But reacting to these claims by former President Kufour pointing to the fact that their founder lacked vision and didn’t plan, the CPP in a statement said any individual who says Dr. Kwame Nkrumah lacked vision and did not plan for Ghana is been economical with the truth.
“Under the economy, The Convention Peoples Party launched a five-year economic development plan for both social and economic development of this country in order to afford the people an increasingly higher standard of living which has long been denied to them under the crown colony system of government. This plan emanated from its 1951 manifesto.
It was under this plan that Dr Kwame Nkrumah realised the need for the building of a hydroelectric plant which was a necessity to drive the industrial development of the nation. Under the 5-year consolidated plan of the Convention Peoples Party, Osagyefo Dr Kwame Nkrumah and the CPP considered the Volta Hydro Electricity Project as of prime interest to the Country it was envisaged that such a project would provide the necessary fuel and power for the development of industries the building of electric railways, public utilities and domestic appliances.
The CPP also had a 7 seven-year development plan that was meant to propel further the economic development then came in the 1966 coup to curtail the vision of development for the nation so if anybody says that there was no plan to the industrialisation and development agenda of Kwame Nkrumah and the CPP he is being economical with the truth,” the party said.
To the CPP “It is unfortunate that most of these factories and industries which if maintained would have created employment for the teeming unemployed youth been sold to cronies, friends, family and foreigners and most of them have been abandoned to rot and nothing is been done about it. It is incongruous for anyone to intimate that the machinery and equipment in these factories were out moded and what happened to retooling and rejuvenation.”
The used the opportunity to call on the President to revive the factories which have been made to die.
Source: MyNewsGh.com/ 2021