Kufuor blames Nkrumah for Ghana’s economic collapse.
Ex President Kufuor argues that Nkrumah made a huge mistake building factories and spending Ghana’s reserves of $450 million 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.
Do you agree with him and why?