{"id":16738,"date":"2022-03-07T16:23:18","date_gmt":"2022-03-07T16:23:18","guid":{"rendered":"https:\/\/www.africa-press.net\/ghana\/uncategorized\/ghana-at-65-lets-own-our-economy-guta"},"modified":"2022-03-07T17:07:52","modified_gmt":"2022-03-07T17:07:52","slug":"ghana-at-65-lets-own-our-economy-guta","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-at-65-lets-own-our-economy-guta","title":{"rendered":"Ghana at 65: Let\u2019s own our economy\u2014GUTA"},"content":{"rendered":"

Africa-Press – Ghana. <\/strong><\/span>Dr Joseph Obeng, President of the Ghana Union of Traders (GUTA), says the time has come for Ghanaians to own the local economy to ensure national development and prosperity for every citizen.<\/p>\n

He noted that for the past six and half decades, the country had not done much to make its citizenry command an appreciable stake in its resources, with expatriates dominating essential sectors of the economy.<\/p>\n

He said this as the country marked 65 years of gaining independence from its British colonial masters. The country marks its Independence Day on March 6, every year to honour the heroes who led Ghana to gain self-rule.<\/p>\n

In an interview with the Ghana News Agency in Accra, Dr Obeng said: \u201cWe have to harness our resources and own them because if you look at Ghana\u2019s economy now, it\u2019 been over dominated by foreign entities; the expatriates have taken it all.\u201d<\/p>\n

He explained that that situation had contributed to difficulties with foreign exchange as the local currency (the Cedi) continued to depreciate against its major trading currencies, particularly the dollar.<\/p>\n

\u201cThis is because we do not have serious investments that will make sure that we have some retention of these resources, therefore, these resources are repatriated together with the proceeds.\u201d<\/p>\n

To reverse the trend of foreign domination of the economy, he called for an intentional national drive to ensure that: \u201cThe juiciest part of the economy like the extractives (oil, gold, and bauxite), we have domestic stake in terms of investment.\u201d<\/p>\n

He added that: \u201cWe must make conscious efforts to ensure that shares are floated for the indigenes to buy, and in that case the profits will be retained…\u201d<\/p>\n

Dr Obeng, while calling for a binding national development plan, said, the country\u2019s destiny was the duty of all citizens, as such Ghanaians had to hold Governments accountable.<\/p>\n

\u201cIt is incumbent on all of us to ensure that the political parties abide by the national development plan,\u201d he emphasised.<\/p>\n

On trade, he said the current global economy had reached where countries relied on the strength of one another but warned against continued dependency on the West.<\/p>\n

He noted that: \u201cWhen there\u2019s over dependence on foreign aid, then your independence is compromised. It means that you\u2019re being taken care of by other countries, and that\u2019s where the problem is.\u201d<\/p>\n

For More News And Analysis About Ghana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Ghana. Dr Joseph Obeng, President of the Ghana Union of Traders (GUTA), says the time has come for Ghanaians to own the local economy to ensure national development and prosperity for every citizen. He noted that for the past six and half decades, the country had not done much to make its citizenry […]<\/p>\n","protected":false},"author":84,"featured_media":16737,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,3,8],"tags":[5092,5096,7758,429,7757],"class_list":["post-16738","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-community","category-homepage-english","tag-africa-press","tag-africa-press-ghana","tag-economy-guta","tag-ghana","tag-own"],"yoast_head":"\nGhana at 65: Let\u2019s own our economy\u2014GUTA - Ghana<\/title>\n<meta name=\"description\" content=\"Dr Joseph Obeng, President of the Ghana Union of Traders (GUTA), says the time has come for Ghanaians to own the local e ...\" \/>\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.africa-press.net\/ghana\/all-news\/ghana-at-65-lets-own-our-economy-guta\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ghana at 65: Let\u2019s own our economy\u2014GUTA\" \/>\n<meta property=\"og:description\" content=\"Dr Joseph Obeng, President of the Ghana Union of Traders (GUTA), says the time has come for Ghanaians to own the local e ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-at-65-lets-own-our-economy-guta\" \/>\n<meta property=\"og:site_name\" content=\"Ghana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-07T16:23:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-07T17:07:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2022\/03\/img-62263bd1bd016.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-at-65-lets-own-our-economy-guta#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-at-65-lets-own-our-economy-guta\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Ghana at 65: Let\u2019s own our economy\u2014GUTA\",\"datePublished\":\"2022-03-07T16:23:18+00:00\",\"dateModified\":\"2022-03-07T17:07:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-at-65-lets-own-our-economy-guta\"},\"wordCount\":407,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-at-65-lets-own-our-economy-guta#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2022\/03\/img-62263bd1bd016.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Ghana\",\"economy\u2014GUTA\",\"ghana\",\"own\"],\"articleSection\":[\"all news\",\"community\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-at-65-lets-own-our-economy-guta#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-at-65-lets-own-our-economy-guta\",\"url\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-at-65-lets-own-our-economy-guta\",\"name\":\"Ghana at 65: Let\u2019s own our economy\u2014GUTA - 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