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To prevent an IMF return, import dependency must be addressed, cautions Mike Oquaye

To prevent an IMF return, import dependency must be addressed, cautions Mike Oquaye

He also demanded a professional investigation into the distribution of public lands for the extraction of Ghana’s natural resources, like as gold and petroleum.

“Public Enquiry, as they are known in England, must exist at the local level. Does our constitution mention public inquiries? No matter whatever party is in power, you shouldn’t touch the Ghanaian oil until you’ve heard what the oil commission, which is entirely technocratic and composed of industry specialists, has to say. Unless we enact these legal and constitutional safeguards—which, in my opinion, men like Justice R.S. Blay would have been adept at advocating and putting into practice—checks and balances.

“This is vital because what we already have cannot be managed, and if we are unable to fully utilize our oil and other resources, then what are we going to rely on for the advancement of our country? If we are to be worthy to our calling, especially as students of current national development, academics, technocrats, lawyers, and others must reexamine these really significant questions.

The former Speaker of Parliament went on to say that the existing paradigm of national development is terrible and that there is a need for sustained national development with a membership of the National Development Planning Commission that is impartial.

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“The need for a National Development Planning Institution in this country cannot be overstated. It is quite regrettable that governments now introduce new policies throughout their terms of office only to see those policies and any accompanying projects abandoned as soon as those governments leave office. According to Article 35(7), a government must carry out projects and programs started by previous administrations as much as is practical.

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