The President of the Africa Development Council, Ing. Dr. Atsu Sogbey, has raised concerns about the current leadership in Ghana and its approach to handling natural resources.
In an interview on JoyNews’ The Pulse, Dr. Sogbey criticized the country’s lack of ownership in its natural resources, with only a small percentage of shares belonging to the state.
According to Dr. Sogbey, the imbalance in ownership of natural resources is a result of poor leadership, stating that “the kind of shares the state owns in its enterprises is tantamount to anchoring the state to die.”
He pointed out that while the private sector holds a significant percentage of shares, the state has minimal ownership, leading to an unstable economy and devalued currency.
Dr. Sogbey also highlighted the issue of privatization of state-owned enterprises, citing the example of Ghana Telecom, which was sold to a private entity during a previous regime.
He expressed disappointment in the current leaders, describing them as selfish and lacking the selflessness of past leaders like Kwame Nkrumah.
Reflecting on the broader picture, Dr. Sogbey emphasized the need for effective leadership in Africa, stating that leadership does not necessarily require a PhD but rather a commitment to the welfare of the country and its people.
He called for a shift in mindset among leaders to prioritize the well-being of the nation over personal gains.
