Ghana keeps borrowing huge sums of money despite its rich natural resources – Togbe Afede

Ghana keeps borrowing huge sums of money despite its rich natural resources – Togbe Afede

Togbe Afede, XIV, the Agbogbomefia of the Asogli State, is wondering why Ghana has inadequate infrastructure development despite her rich natural resources.

According to him, the country has huge debt stock, there is too little to show for the country’s borrowing. Climaxing the 2022 Asogli Yam Festival in Ho, Togbe Afede XIV, at the durbar noted that Ghana’s weak economic fundamentals have been exposed by the COVID-19 and Russia and Ukraine war.

He said, we are lucky to have so much, 30 perfect of all natural resources of the world’s arable lands yet we cultivate so little to the world’s output and we remain poor and the worst part is that we are so much indebted, a worried Togbe Afede said. According to him, more worrying is that with a lot of debts, we can not tell what that has done for us.

Some still lack a lot of the basic facilities: poor roads, from Accra to Ho, and Ho to Aflao, we know how bad the road is. Many of these roads used to be very good and if they were good and now are bad, then it means that we have retrogressed as a country, he added.

Source: www.ghbuzznews.com

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