Kufuor claims that Nkrumah made a tremendous error by creating factories and squandering Ghana’s reserves of 450 million dollars in the Bank of Ghana instead of investing them, as other third-world countries such as Singapore and Dubai did.
In an interview with Accra FM, John Kufuor says that if Nkrumah had not splattered so many industries about, things may have been much better now.
“When we gained independence we just zoomed into industrialization. So we started building factories. That involved a lot of money. We were running, we wanted to build factories, we didn’t take our time to plan. That is why the economy collapsed,” he stated.
“There is forgetfulness on the side of humanbeings. When we have been able to fix all the problems in the country that someone will rally behind that fact to call for the nation to be fixed? We are bilding,”
He is quoted as stating in an interview with Angel FM. The former president went on to say that; “if someone comes to say fix it like there is some magic wand used in fixing the country then I will say that is party politics. We need to take out time and also plan”