Ghana continues to borrow huge sums of money despite its rich natural resources – Togbe Afede

Togbe Adede XIV, the Agbogbomefia of Asogli State, wonders why Ghana’s infrastructure development is insufficient despite its rich natural resources.

According to him, the country has a huge stock of debt, there is too little to show for the country’s borrowings.

At the height of the 2022 Asogli Yam festival in Ho, Togbe Afede XIV during a durbar noted that Ghana’s weak economic fundamentals had been exposed by COVID-19 and the Russian-Ukrainian war.

“Our economic problems predate COVID-19 and the Russian-Ukrainian war. We are lucky to have so much – 30% of all the world’s mineral resources, much of the world’s arable land, and yet we grow so little for global production, and we remain poor, and worse, c is that we are so in debt,” said Togbe Afede, worried.

“More worrying is the fact that with a lot of debt we cannot say what it has done for us. So we still lack a lot of basic facilities; poor roads. From Accra to Ho and Ho in Aflao, we know how bad the road is. Many of these roads used to be in very good condition. If they were good and they are now bad, it means that we have regressed as a country,” said he added.

This year, the Yam Festival of Chiefs and People of Asogli State was placed under the distinguished patronage of Togbe Afede XIV.

The festival started on August 6, 2022 and ended on Sunday September 11.

The month-long festival aims to highlight unity, reconciliation, inventory and development and is also a platform for the annual reunion with the ancestors and the reaffirmation of the allegiance of all chiefs and of their subjects in Asogli State at Agbogbome Stool.

The theme of the Yam Festival was “Avoid Greed, Unite for Peace, Development and Prosperity”.

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