To start with, I will like to say no country attained growth or developed to what we see today only by borrowing
Ghana always borrow, is not even a secret. and how many Ghanaians stop for a moment and ask themselves what the money is used for, and why those giving the loans are silenced on the fact that the loans are mismanaged by our leaders . We see benevolent projects everywhere, but the country issuing the loans refuse to ask how the money is been spent but we often hear we’re helping Africans grow, which growth are they talking about?
The resources curse is real and is good we know about it.
The problem we’ve as a country is, our country is rich in natural resources, so automatically the government doesn’t care taxing the citizens for developmental projects. and that hurts our country growth. Lack of jobs, not investing in infrastructures. because of the fact that our country is rich in natural resources, and outsiders are willing to pay our leaders any amount to get those resources.
One is borrowing, the west giving us loans. which they call it aid loans, but I will have to disagree. because is directly put into corrupt tyrant leaders hand without any accountability from the country giving the loans
So the west has become an oppression regime, because if you give loans to a country where it citizens cannot hold you accountable and you’re fully aware that the leaders are corrupt, you’ve directly disempower the citizens from holding their government accountable on how those loans are been spent.
What I was expecting to see is, the country issuing the loans will be accountable to the citizens of the country receiving the loans and the citizens on how the loans is been spent, but I don’t see that happening. And the end result is , we’ve a country that has embraced democracy but the citizens rights are been ignored , which in return is fueled by outside force who claim to help
So aid loans is doing more harm than good to our country , I wish things were a little different