On November 30th 2017, our President made a statement which suggested a bit of hope to the local industrial community which was captured by the Dailyguideafrica.com with the caption: “I Won’t Repeat Nkrumah’s Industrialization Mistakes –Nana”
According to our President, Kwame Nkrumah made a big mistake by creating over 300 industries which was state owned instead of private owned, so he is going to make sure his industrialization program is led and owned by private individuals but one thing the President did not make Known to Ghanaians was, his industrial strategy was going to be led by foreign companies who are going to take almost 100% of their profit out of the country there by increasing capital flight.
It is said that action speak louder than words and our president Nana Addo has done exactly that, by signing an MOU with VW when a local car manufacturing company, KANTANKA is seeking the same offer from the government. We at the coalition for Ghana’s Independence Now have no better words to describe what the government has done than to call it a back-stabbing of KANTANKA by Nana Addo.
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We were shocked to find out that government charges import duties on the made in Ghana car by KANTANKA and while we were trying to be school by economic experts on why an import duty must be charged on a locally manufactured product, KANTANKA and the people of Ghana were slapped with the most insensitive and indifferent act of bacterial ever in the history of Ghana with this VW MOU.