Former President J.A Kufour says he is hugely disappointed that Ghana failed to become a financial hub in Africa.
According to him, his administration put in place pragmatic steps within the financial sector to see this dream being realized but sadly successive governments failed to see through some of the policies he initiated as President.
Speaking at a Joy FM thought leadership event in Accra where he addressed youth from various tertiary institutions ex President Kufour cited examples including the plan to establish an off-shore bank in Ghana which he argues could have impacted positively on the economy.
“If the election of 2008 had come my way, that is if my side had won, then the many things we put on course would have matured. For instance at that point we had secured the partnership of Barclays International to do an off-shore banking here in Ghana. We set up offices, we made all the laws and if that project had been maintained and sustained perhaps much of the monies from Southern Europe and the continent of Africa would be here. Ghana would be managing the hard currencies of our neighbourhood and as far as the fields of Europe.”
He added: “But because my party didn’t win, within a year after our losing, the succeeding regime just canceled the agreement. That hurts, I couldn’t understand it then…and I can’t understand it now, because it would have added to the good of our economy.”
