USAID to cut aid to Ghana
Economist and Senior Lecturer at the University of Ghana Business School, Prof. Patrick Asuming, has stated that Ghana can be independent of foreign aid and support.
According to him, the government needs to reassess the critical areas where foreign aid will no longer be available and prioritize expenditure for those sectors.
His comments follow the US’s decision to cut aid to African countries, including Ghana.
USAID has been providing aid to Ghana, particularly in health and agriculture.
The United States Agency for International Development (USAID) has indicated plans to suspend its support for supply chain activities in three northern regions of the country.
“You cannot run a country where the financing of critical needs is dependent on other countries and donors. It’s not that we don’t have the means; we have the resources. Anytime any of the political parties are in opposition, they’re able to identify all the critical resources that can be mobilized. The amount of illicit financial flows out of this country is quite unbelievable,” he was quoted as saying by myjoyonline.com.
Prof. Asuming emphasised that the government needs to reassess its approach to attracting investments to eliminate corruption.
“Even the amount of money given out in the name of attracting foreign direct investment must be scrutinized. The funds are there. Let’s put our money where our mouth is,” he said.
SSD/MA
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