Asserts the Ghanaian-born economics professor and pro-free market advocate. From Citi FM (Ghana): "Speaking on the Citi Breakfast Show on Wednesday, Professor Ayittey stressed that the time was right for Ghana to wean itself of foreign aid because according to him, 'any foreign aid comes with strings attached, it comes with foreign governments dictating to you what you should do and what you shouldn’t do.'"
More: "He opined that Ghana, and Africa as a whole, did not need to rely on foreign aid if the continent's economy, natural and human resources were to be properly and efficiently managed. Citing one such resource, Professor Ayittey noted that Ghana’s discovery of oil in commercial quantities was enough to make her self reliant. According to him, a lot of money was being wasted in Ghana. 'Look at the government sector, it’s so bloated. We have something like 78 Ministers and Deputy Ministers and each one of the has a Pajero and some government Ministries even have four Deputy Ministers. There is a duplication of functions.'
George Ayittey: "Ghana Doesn't Need Foreign Aid"
Posted by
Shay Riley
at
12/19/2012
Labels: Africa, Foreign Aid