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"Expatriate Companies Will Not Take Over The Entire Ghanaian Economy" - Ken Ofori-Atta Assures


The Minister of Finance, Ken Ofori-Atta has assured that expatriate companies will not take over the entire Ghanaian economy in the near future.


According to him, the Akufo-Addo administration will throw all its support behind local companies to ensure that they become competitive against expatriates.



Addressing Journalists in Accra on Sunday, he said "On the issue of protecting Ghanaians from foreign companies’ abuse. I think that is really an issue of administrative vigilance and we all can strengthen our SMEs, captains of the industry so that they can stand to negotiate properly so we don’t wake up in the next ten or twenty years and everything is owned by foreigners"


Speaking on fighting for utilization and skills; the Finance Minister hinted that the whole issue is also meant to increase productivity which will then help employers to be able to afford to pay more decent wages.



He further mentioned that introducing technology to that effect will also help solve matters.


Touching on the debt situation of Ghana, the Finance Minister revealed that the ruling government is tackling it.


"Ghana’s debt stands at “GHS291billion representing 76.66% of GDP" he noted.

Watch the video below:

Story by: Joshua Kwabena Smith

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