If Ghana Were A Company, It Would Have Collapsed A Long Time Ago …Togbe Afede

The Agbogbomefia of the Asogli State Togbe Afede XIV has observed that Ghana as a country has been so mismanaged that were it not to be a country with sovereign guarantees, it would have collapsed a long time ago.

According to him, “If Ghana were a company,” Togbe Afede XIV noted, “certainly it would not have survived.”

 He explains that “nations can always issue new debt as we’ve been doing to finance old debt but of course that option is not available to corporations and that is why we still survive notwithstanding our holding so much in terms of debts.”

 The revered overlord of the Asogli State made the analogy while speaking at a durbar by the Asogli Traditional Council to welcome former President John Dramani Mahama who had stopped over as part of his ‘Thank You’ tour of the Volta region.

Togbe Afede XIV who is the immediate past President of the national house of chiefs pointed out the kill elements that would have collapsed Ghana as including joblessness, mounting national debt and corruption.

 “The joblessness in our country is frightening, the fact that our young men and women could be out of school as many as five years and still be looking for jobs, that is indeed very frightening. Apart from problems of our underdevelopment, the joblessness we are also confronted with, mounting national debt, indebtedness to the tune of 80 per cent of GDP is massive and frightening and indeed it’s a threat to our economy and also to our future peace and stability,” he said.

 “I’m also very concerned about the level of corruption in our country. Corruption undermines our development. I have always said corrupt officials are like termites under woodwork eating at the very foundations of our development.” 

 According to Togbe Afede, it is not too late to turn around things though, prescribing inclusive governance as one of the key things that the country requires to avoid the danger looming over it.

“We can resolve all these challenges and turn our beautiful country into a paradise in which our people will be happy. I believe we have the resources and mobilisation is what we need to undertake urgently in order to bring development to our people,” Togbe Afede stated.