{"id":443023,"date":"2017-12-02T12:30:32","date_gmt":"2017-12-02T12:30:32","guid":{"rendered":"https:\/\/ghana-mma.com\/2017\/12\/02\/i-wont-repeat-nkrumahs-industrialisation-mistakes-nana-addo\/"},"modified":"2017-12-02T12:30:32","modified_gmt":"2017-12-02T12:30:32","slug":"i-wont-repeat-nkrumahs-industrialisation-mistakes-nana-addo","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2017\/12\/02\/i-wont-repeat-nkrumahs-industrialisation-mistakes-nana-addo\/","title":{"rendered":"I won\u2019t repeat Nkrumah\u2019s industrialisation mistakes \u2013 Nana Addo"},"content":{"rendered":"<p><\/p>\n<div id=\"medsection1\">\n<!-- End of html generated by this->header() --><\/p>\n<p class=\"floatLeft\">General News of Saturday,  2 December 2017<\/p>\n<p class=\"floatRight\"><strong>Source: <\/strong>dailyguideafrica.com<\/p>\n<p>2017-12-02<\/p>\n<div class=\"article-left\">\n<p class=\"article-image\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/ghanamma.com\/wp-content\/uploads\/2017\/07\/44741941.295.jpg\" alt=\"Akufo Addo Germany\" title=\"Akufo Addo Germany\" width=\"295\" height=\"184\" \/><span class=\"image_caption\"><span>President Nana Addo Dankwa Akufo-Addo<\/span><\/span><\/p>\n<div class=\"noPrint\">\n<div id=\"537626303\" style=\"width:300;height:250;margin:0;padding:0\">\n<p>\t\t  <noscript><iframe loading=\"lazy\" id=\"b2ad7fa7fd\" name=\"b2ad7fa7fd\" src=\"http:\/\/ghanaweb-d.openx.net\/w\/1.0\/afr?auid=537626303&amp;cb=151125813973067\" frameborder=\"0\" scrolling=\"no\" width=\"300\" height=\"250\"><a href=\"\/\/ghanaweb-d.openx.net\/w\/1.0\/rc?cs=b2ad7fa7fd&amp;cb=151125813973067\"><\/p>\n<p>\t\t  <img decoding=\"async\" src=\"https:\/\/ghanamma.com\/wp-content\/uploads\/2017\/12\/1512217832_593_ai\" border=\"0\" alt=\"\" \/><\/a><\/iframe><\/noscript><\/p><\/div>\n<\/p><\/div>\n<\/div>\n<p style=\"clear:right\"> President Akufo-Addo has vowed not to repeat the mistakes of late President Dr Kwame Nkrumah with regards to the nature of ownership of businesses in Ghana.<\/p>\n<p>According to President Akufo-Addo, although Dr Nkrumah had a great vision for industrializing Ghana, his (Nkrumah\u2019s) decision to make most of the enterprises built during his tenure state-owned failed to deliver the economic dividends for which they were set up.<\/p>\n<p>The president made this observation in a statement read on his behalf by Senior Minister Yaw Osafo-Maafo at the 16th edition of the Ghana Club 100 Awards on Thursday, November 30, in Accra.<\/p>\n<p>He expressed his administration\u2019s intention to make a departure from state ownership of industries to private ownership.<\/p>\n<p>Newmont Golden Ridge Limited emerged Ghana\u2019s topmost company, followed by MTN Ghana Limited and GOIL in the second and third positions respectively in the awards that rank a total of 100 companies in Ghana in terms of size, profitability and growth.<\/p>\n<p>Right from independence in 1957 to the early 1960s under President Dr Kwame Nkrumah, Ghana embarked on an ambitious industrialization programme.<\/p>\n<p>However, President Akufo-Addo expressed regret that the country could not benefit from its industrialization campaign at the time as it was expected, due to the ownership structure of most of the industries that were established.<\/p>\n<p>\u201cGhana\u2019s first industrial surge was recorded in the 1960s, directly after our independence, Dr. Kwame Nkrumah initiated the establishment of more than 300 state-owned enterprises to operate in all sectors of economic activity,\u201d President Akufo-Addo underscored.<\/p>\n<p>He added, \u201cVirtually, from the skies \u2013 Ghana Airways \u2013 through investments in power, petroleum, fisheries, textiles, insurance, financial services, to the ground \u2013 agriculture. The Government of Ghana initiated, staffed, funded, managed and rendered accounts, by itself to itself.\u201d<\/p>\n<p>He observed that his administration could not afford to repeat the same mistakes of the Nkrumah regime, and has therefore decided that the private sector rather than the state should own the nation\u2019s enterprises.<\/p>\n<p>Government, he said, would rather concentrate on providing an enabling environment for private businesses to thrive.<\/p>\n<p>\u201cGovernment is also working hard to improve the infrastructure in our cities \u2013 roads, railways, ports, aviation, communication, as well as the rural areas \u2013 where we must add value to our time and make it easier to do business in Ghana,\u201d he said, adding that faster and less costly import and export practices should lead to investments in better technology and machinery that will boost productivity and scale up volumes from our local industries,\u201d President Akufo-Addo stressed.<\/p>\n<p>To that end, he urged private businesses to step up their game in areas like information technology, research, design and form partnerships.<\/p>\n<p>\u201cIt is our vision and drive that Ghanaian businesses first, develop themselves, and drive towards strategic partnerships with foreign investors with a common goal, create opportunities, wealth and jobs,\u201d he urged.<\/p>\n<p>He stressed, \u201cInvest in research, design, innovation and talent. Partner with ambitious Ghanaians and non-Ghanaians to execute with technology and meet global standards.\u201d<\/p>\n<p>By so doing, according to the president, private businesses in the country will be better positioned to lead and own the industrialization process.<\/p>\n<p>To the Club 100 awardees comprising several rural banks, the president charged, \u201cOnce you\u2019re in the 100 you cannot make it business as usual; you should try to improve your business.\u201d<\/p>\n<p><!-- uploaded by: 63 updated by: -1 --><\/p>\n<p><!-- Start of html generated by this->footer() -->\n<\/div>\n<p>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a style=\"display:none\" rel=\"follow\" href=\"http:\/\/megatheme.ir\/\" title=\"\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633\">\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>General News of Saturday, 2 December 2017 Source: dailyguideafrica.com 2017-12-02 President Nana Addo Dankwa Akufo-Addo President Akufo-Addo has vowed not to repeat the mistakes of late President Dr Kwame Nkrumah with regards to the nature of ownership of businesses in Ghana. According to President Akufo-Addo, although Dr Nkrumah had a great vision for industrializing Ghana, [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":397474,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-443023","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>I won\u2019t repeat Nkrumah\u2019s industrialisation mistakes \u2013 Nana Addo - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2017\/12\/02\/i-wont-repeat-nkrumahs-industrialisation-mistakes-nana-addo\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"I won\u2019t repeat Nkrumah\u2019s industrialisation mistakes \u2013 Nana Addo - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"General News of Saturday, 2 December 2017 Source: dailyguideafrica.com 2017-12-02 President Nana Addo Dankwa Akufo-Addo President Akufo-Addo has vowed not to repeat the mistakes of late President Dr Kwame Nkrumah with regards to the nature of ownership of businesses in Ghana. According to President Akufo-Addo, although Dr Nkrumah had a great vision for industrializing Ghana, [&hellip;]\" \/>\n<meta name=\"twitter:creator\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:site\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/12\\\/02\\\/i-wont-repeat-nkrumahs-industrialisation-mistakes-nana-addo\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/12\\\/02\\\/i-wont-repeat-nkrumahs-industrialisation-mistakes-nana-addo\\\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"I won\u2019t repeat Nkrumah\u2019s industrialisation mistakes \u2013 Nana Addo\",\"datePublished\":\"2017-12-02T12:30:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/12\\\/02\\\/i-wont-repeat-nkrumahs-industrialisation-mistakes-nana-addo\\\/\"},\"wordCount\":566,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/12\\\/02\\\/i-wont-repeat-nkrumahs-industrialisation-mistakes-nana-addo\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"articleSection\":[\"Local News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/12\\\/02\\\/i-wont-repeat-nkrumahs-industrialisation-mistakes-nana-addo\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/12\\\/02\\\/i-wont-repeat-nkrumahs-industrialisation-mistakes-nana-addo\\\/\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/12\\\/02\\\/i-wont-repeat-nkrumahs-industrialisation-mistakes-nana-addo\\\/\",\"name\":\"I won\u2019t repeat Nkrumah\u2019s industrialisation mistakes \u2013 Nana Addo - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/12\\\/02\\\/i-wont-repeat-nkrumahs-industrialisation-mistakes-nana-addo\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/12\\\/02\\\/i-wont-repeat-nkrumahs-industrialisation-mistakes-nana-addo\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2017-12-02T12:30:32+00:00\",\"author\":{\"@id\":\"\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/12\\\/02\\\/i-wont-repeat-nkrumahs-industrialisation-mistakes-nana-addo\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/12\\\/02\\\/i-wont-repeat-nkrumahs-industrialisation-mistakes-nana-addo\\\/#primaryimage\",\"url\":\"\",\"contentUrl\":\"\"},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/#website\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/\",\"name\":\"Ghanamma.com\",\"description\":\"News In Ghana - Latest Ghana News Headlines\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"I won\u2019t repeat Nkrumah\u2019s industrialisation mistakes \u2013 Nana Addo - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2017\/12\/02\/i-wont-repeat-nkrumahs-industrialisation-mistakes-nana-addo\/","twitter_card":"summary_large_image","twitter_title":"I won\u2019t repeat Nkrumah\u2019s industrialisation mistakes \u2013 Nana Addo - Ghanamma.com","twitter_description":"General News of Saturday, 2 December 2017 Source: dailyguideafrica.com 2017-12-02 President Nana Addo Dankwa Akufo-Addo President Akufo-Addo has vowed not to repeat the mistakes of late President Dr Kwame Nkrumah with regards to the nature of ownership of businesses in Ghana. According to President Akufo-Addo, although Dr Nkrumah had a great vision for industrializing Ghana, [&hellip;]","twitter_creator":"@ghanamma","twitter_site":"@ghanamma","twitter_misc":{"Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.ghanamma.com\/2017\/12\/02\/i-wont-repeat-nkrumahs-industrialisation-mistakes-nana-addo\/#article","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2017\/12\/02\/i-wont-repeat-nkrumahs-industrialisation-mistakes-nana-addo\/"},"author":{"name":"","@id":""},"headline":"I won\u2019t repeat Nkrumah\u2019s industrialisation mistakes \u2013 Nana Addo","datePublished":"2017-12-02T12:30:32+00:00","mainEntityOfPage":{"@id":"https:\/\/www.ghanamma.com\/2017\/12\/02\/i-wont-repeat-nkrumahs-industrialisation-mistakes-nana-addo\/"},"wordCount":566,"commentCount":0,"image":{"@id":"https:\/\/www.ghanamma.com\/2017\/12\/02\/i-wont-repeat-nkrumahs-industrialisation-mistakes-nana-addo\/#primaryimage"},"thumbnailUrl":"","articleSection":["Local News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.ghanamma.com\/2017\/12\/02\/i-wont-repeat-nkrumahs-industrialisation-mistakes-nana-addo\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.ghanamma.com\/2017\/12\/02\/i-wont-repeat-nkrumahs-industrialisation-mistakes-nana-addo\/","url":"https:\/\/www.ghanamma.com\/2017\/12\/02\/i-wont-repeat-nkrumahs-industrialisation-mistakes-nana-addo\/","name":"I won\u2019t repeat Nkrumah\u2019s industrialisation mistakes \u2013 Nana Addo - Ghanamma.com","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2017\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.ghanamma.com\/2017\/12\/02\/i-wont-repeat-nkrumahs-industrialisation-mistakes-nana-addo\/#primaryimage"},"image":{"@id":"https:\/\/www.ghanamma.com\/2017\/12\/02\/i-wont-repeat-nkrumahs-industrialisation-mistakes-nana-addo\/#primaryimage"},"thumbnailUrl":"","datePublished":"2017-12-02T12:30:32+00:00","author":{"@id":""},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ghanamma.com\/2017\/12\/02\/i-wont-repeat-nkrumahs-industrialisation-mistakes-nana-addo\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ghanamma.com\/2017\/12\/02\/i-wont-repeat-nkrumahs-industrialisation-mistakes-nana-addo\/#primaryimage","url":"","contentUrl":""},{"@type":"WebSite","@id":"https:\/\/www.ghanamma.com\/2017\/#website","url":"https:\/\/www.ghanamma.com\/2017\/","name":"Ghanamma.com","description":"News In Ghana - Latest Ghana News Headlines","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ghanamma.com\/2017\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2017\/wp-json\/wp\/v2\/posts\/443023","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2017\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2017\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2017\/wp-json\/wp\/v2\/comments?post=443023"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2017\/wp-json\/wp\/v2\/posts\/443023\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2017\/wp-json\/wp\/v2\/media?parent=443023"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2017\/wp-json\/wp\/v2\/categories?post=443023"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2017\/wp-json\/wp\/v2\/tags?post=443023"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}