Ghana Is In Crisis – Dr. Kwabena Dufour

Former Finance Minister, Dr. Kwabena Dufuor, has observed that the country is in crisis.

Dr. Dufuor who is also a former Governor of the Bank of Ghana made the gloomy declaration in a speech at a forum organized by the Institute of Fiscal Studies (IFS)

Former Governor of the Bank of Ghana (BoG), Dr. Kwabena Duffuor, says the country is in crisis.

He warns that even though it is rich in natural resources Ghana is so far down the wrong path it has now become imperative for the government to change the narrative immediately.

“The narrative should change immediately, otherwise our children will not forgive us. Our natural resources endowment can change this country, if we decide to use them efficiently and honestly, we are not doing that,” he stressed.

“We cannot disagree that Ghana is a very wealthy nation but Ghanaians are poor, that’s where the problem is. Why are we poor but we are sitting on wealth, so what do we do?” he asked.

Dr. Dufour was Finance Minister during the erstwhile Mills government and had earlier been Governor of the Bank of Ghana.

He was the owner of UniBank which was collapsed by the Akufo-Addo government as part of a supposed clean-up of the banking sector in Ghana.

He charged the Clergy and the Media which had been very vociferous during the Mahama government to rise to their roles as watchdogs.

“So the clergy, what are you doing? The media, what are you doing? Ghana is in crisis.”


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