Blame Rawlings for increase in Foreign Businesses in Ghana - Ken Agyapong | AfriTV Online

Kennedy Ohene Agyapong, Assin Central Parliament Member said former President John John Rawlings is to blame for the country's domineered foreign business scene. He said Rawlings' unique initiative in collapse of Ghanaian-owned businesses during the ...

ghana, business

Blame Rawlings for increase in Foreign Businesses in Ghana - Ken Agyapong

Published by: O. Elijah
09/01/2020 01:17 PM

Kennedy Ohene Agyapong, Assin Central Parliament Member said former President John John Rawlings is to blame for the country's domineered foreign business scene.

He said Rawlings' unique initiative in collapse of Ghanaian-owned businesses during the PNDC era and entrepreneurship brought the nation where it is today.

According to him, the former president and founder of the NDC declared at one of the 4th June celebrations that Ghanaians should not patronize Apino soap.

 

"Rawlings killed Ghanaian entrepreneurial skills. Siaw, Kwahu's motors, Boakyes, Poku transport, Apino soap... it was during the June 4 celebration that he declared that Apino soap should not be patronized," Agyapong said on 'The Seat Show' on Net 2 TV.

He also said Ghanaian banks' high interest rates are also a leading factor in the continuing growth of foreign businesses.

 

"All these multinational firms on the Spintex Path do retail and are not in merchandise manufacturing, which is why the dollar is in high demand. Why they have taken over Ghana 's economy is the product of that country's banks.

"The interest rate is crazy, but you see that the NPP prides itself on it because it was 36 percent when we were elected in 2016, now it's 26 percent, but we did well. It's [though and] unbelievably high, we have to do something about it. If not, this economy will continue to be dominated by foreigners and is dangerous to us, "he said

News images

Tags:

Share

Powered by WebTV Solutions