We have no reason to depend on foreign aid – Council of State Chairman

Ghana has no excuse to be dependent on the benevolence of other nations, given its numerous natural resource endowments, Nana Otuo Siriboe II, Chairman of the Council of State and Omanhene of the Juaben Traditional Area, has said.

Speaking at The Chamber Business Awards 2017, organised by the Ghana National Chamber of Commerce (GNCC) in Accra, Nana Otuo Siriboa II said the country has all it takes to be one of the most prosperous nations in the world – but added that achieving a Ghana Beyond Aid is a shared responsibility.

“With all the natural resources that God has endowed Ghana with – such as gold, bauxite, diamond, oil, timber, cocoa and fertile soil, one wonders why after 61 years of independence we cannot extricate ourselves from foreign aid.”

To reverse the trend, he called for a paradigm shift in planning and execution of the country’s development.

He added: “The role of the private sector in this vision cannot be overemphasised, and achieving this vision in the near-future will also require the support of all stakeholders and involve multiple actors, with government providing direction”.

Commenting on the Chamber Business Awards 2017, which were on theme ‘Empowering the private sector to move Ghana Beyond Aid’, he said: “I believe that the criteria and the rigorous processes of selecting award-winners by the Chamber has led to the selection of winners who will live up to expectation and be an inspiration to others”.

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GNCC President, Nana Appiagyei Dankawoso I, noted that the awards scheme – instituted last year – seeks to recognise and celebrate businesses which have demonstrated excellence in leadership and innovation toward the socio-economic development of Ghana.

It is part of the Chamber’s efforts to promote ethical business practices in line with key industry standards.

He said the theme ‘Empowering the Private Sector to move Ghana beyond Aid’, was chosen to give meaning to government’s agenda of promoting a Ghana that is not dependent on aid.

In all, a total of 36 awards were given on the night across four main categories. The categories were: Business Awards comprising 13 sub-categories including agribusiness, manufacturing, hospitality, professional services, road transport and logistics; Personality Awards covering Young Entrepreneur of the year, Chamber Businessman and Business woman of the year; Regional Awards comprised seven awards dedicated to businesses which have excelled in their respective branch chambers (Tema, Accra, Kumasi, Takoradi, Cape Coast, Tarkwa and Wa).

President’s Awards covered a personality and special award aimed at recognising the contributions of influential persons and businesses.

Daniel McKorley of McDan Shipping Company Limited won the Chamber Businessman of the Year award, with EXIM Bank Ghana winning Development Bank of the Year, among other winners.

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“I strongly commend the award nominees and winners for allowing themselves to be scrutinised in line with the criteria,” the GNCC President added.

 

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