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Akufo Addo secure €170M: Is the Policy of 'Ghana Beyond Aid' dead?

The President of the republic of Ghana, Nana Addo Dankwa Akufo-Addo announced the policy of 'Ghana Beyond aid' and he clearly defined it. He signaled his intent to pursue the vision of a Ghana that is not dependent on aid. 

A Ghana Beyond Aid “is a prosperous self-confident Ghana that is in charge of her economic destiny; a transformed Ghana that is prosperous enough to be beyond needing aid, and that engages competitively with the rest of the world through trade and investment.” The President said. 

Mind you, a committee was set up to see to the realisation of this noble vision. Ghanaians who believed in this vision and understand the policy direction were happy and welcomed the idea, even though few expressed some level of optimism. 

The campaign of Ghana Beyond Aid as the talk of town from 2017 until subsequent events cast doubts on the policy rendering it as a mere political rhetoric. Events such as the resumption of incessant borrowing from the capital market by the government, and the open arms begging for aid in the midst of an opposing homegrown policy. 


The skeptics started pointing to the flaws and giving reasons why it is unrealistic to think that Ghana was going to proper without aid. Yet, the irony was that, the government kept talking of Ghana Beyond Aid.

In this Akufo Addo second term, there have not been mentioned of the policy. It is as if it has been abandoned. Even though there are no formal announcements to that effect, all indication points to one thing-Ghana Beyond aid is dead. 

What nailed the coffin of this so-called Ghana Beyond Aid is yesterday's obvious celebrations by the government on securing a foreign assistance from the European Investment Bank (EIB). 

Ghana had an idea of establishing a state Bank-the Development Bank, Ghana on the drawing board. The EIB facility thus will bring this Bank into fruition, meaning, the country could not mobilise such an amount on its own for the establishment of an idea it has long ago. The saviour of this project is an aid. 

The verdict is simply that, after five years of pushing for Ghana Beyond Aid through a committee in a concerted effort, the result is zero. The policy is not achievable, at least not in the nearest future. To put it bluntly, Ghana Beyond Aid is dead!

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