John Agyekum Kufuor, Ghana’s former president, has laid some blame of Ghana’s economic hardship on Dr. Kwame Nkrumah.
Kufuor argues that Nkrumah made a huge mistake building factories and spending Ghana’s reserves of 450 million dollars which was in the Bank of Ghana instead of investing it just as other third-world turned first-world countries like Singapore and Dubai did.
In an interview with Accra FM, John Kufuor explains that things could have been far better now if Nkrumah did not splash so many factories around.
“When we gained independence we just zoomed into industrialization. So, we started building factories. That involved a lot of money. We were running, we wanted to build factories, we didn’t take our time to plan. That is why the economy collapsed,” he stated.
As a reminder, Kwame Nkrumah PC was a Ghanaian politician and revolutionary. He was the first Prime Minister and President of Ghana, having led the Gold Coast to independence from Britain in 1957.