BOG’s decision to withdraw licenses was justified – Mr Kwatia
Ghana’s Security, Corruption, and Galamsey: Exclusive Interview with CEO and Chemist Mr. Kwatia of Kwasi Kwatia Enterprises on NSG News’ “The Hot Seat”
Accra, Ghana – In an exclusive and candid interview with NSG News’ “The Hot Seat,” Mr. Kwatia, a CEO and trained chemist of Kwasi Kwatia Enterprises, shared his forthright perspectives on issues impacting Ghana’s national security, corruption, illegal mining (galamsey), and economic policies. Speaking with NSG presenter Eamn, Mr. Kwatia discussed Ghana’s complex socio-political landscape, touching on concerns surrounding governance, the involvement of foreign nationals, and the urgency for reform.
The Influence of Chinese Nationals in Ghana: A Concern for National Integrity
Mr. Kwatia began by addressing the controversial issue of Chinese nationals involved in illegal mining activities in Ghana, also known as galamsey. “The Chinese that are in Ghana do not portray the ideology of China,” he stated, expressing disappointment in Ghana’s handling of the situation. He pointed out that President Xi Jinping has, on numerous occasions, advised the Ghanaian government to hold these individuals accountable. However, Mr. Kwatia believes Ghanaian authorities are failing to take adequate action.
Leadership and Accountability: A Call for Stronger Governance
Commenting on the apparent lack of oversight in the government, Mr. Kwatia expressed frustration with the leaders responsible for enforcing laws and protecting the nation’s interests. “The people in authority in Ghana are not up and doing,” he asserted, calling for a more rigorous and proactive approach from Ghana’s officials. He emphasized the need for a Legislative Instrument (LI) to be passed that would ensure a stronger alignment with Ghanaian values and help foster a renewed sense of national pride and ownership.
Technology in Ghana: Progress and the Path Forward
Mr. Kwatia acknowledged the efforts made by certain government agencies in adopting technology, specifically praising the Food and Drugs Authority (FDA) for its technological advancements. However, he pointed out that Ghana remains significantly behind other nations in terms of technology integration. Speaking as a chemist who frequently liaises internationally, Mr. Kwatia highlighted the ease with which he conducts video calls with production partners in India. “We are far behind in using technology,” he noted, urging leaders to make the necessary strides to bridge this gap.
Economic Policies: Championing Local Ownership and Business Protection
Addressing Ghana’s economic policies, Mr. Kwatia stressed the importance of supporting local businesses and industries. He argued that “Ghana needs to have everything Ghanaian,” urging the government to prioritize local products and services. The current tendency to grant foreign businesses unfettered access to Ghana’s economic resources, he believes, is detrimental to local growth. Drawing a comparison to the structure of the Chinese economy, he cited BYD and VW in China as examples, noting that China’s banking and policy systems make it challenging for foreign companies to dominate, ultimately bolstering the growth of local companies.
Bank of Ghana’s Action on Non-compliant Banks
Touching on the controversial issue of revoked bank licenses, Mr. Kwatia stated that the Bank of Ghana’s decision to withdraw licenses was justified, clarifying that it was not a “witch-hunt.” Rather, he explained, these banks were not adhering to regulatory standards, and the Bank of Ghana acted appropriately to maintain the sector’s integrity.
Offering Knowledge for Ghana’s Development
As a seasoned professional with expertise in chemistry and international trade, Mr. Kwatia expressed a willingness to contribute to the country’s development, should the nation’s leaders seek his guidance. “I am ready and willing to guide or share my knowledge and experience for the development of Ghana,” he said, emphasizing his commitment to a Ghanaian-led vision for the future.
The Path to a Stronger, Ghanaian-Driven Future
Mr. Kwatia’s views reinforce the need for a decisive and Ghana-centered approach to governance, technology, and economic policies. His sentiments echo a widespread call for leaders to take ownership, enforce accountability, and create an environment that supports local industries and resources. As Ghana confronts challenges related to galamsey, foreign influence, and economic policy, Mr. Kwatia’s call for a renewed focus on Ghanaian values and empowerment could serve as a guiding vision for future reforms.
Watch the Exclusive below.
