Africa’s Most Promising Country?
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- čas přidán 9. 04. 2024
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#Ghana, considered by many to be the greatest paradigm of economic development for African countries, has been enjoying one of the best economic positions in impoverished sub-Saharan #Africa for the past 40 years.
However, this shining African star has come up against one of the biggest brakes for developing economies: debt. The region is being plagued by this phantom that already haunted Latin America in the 1980s, and collapse seems imminent.
How did Ghana become the perfect example to follow in Africa? And how has it also become an example to avoid in recent years? Are we at the beginning of a new era of deep crisis in Africa?
I think Botswana is more impressive
has only like two million people
I think you guys mean to say Nigeria 💪
@@TheEverFreeKinglmao one of the worst in africa
Any country that makes money by selling hunting licences for rich westerners to kill endangered animals for sport is not a success story in my book.
Mauritius and Seychelles surely?
Is it me or do all the European productions deliberately omit the elephant in the room. Western import tariffs that slapped on any processed minerals or food produce out of Africa which keep Ghana and other African countries as exporters of raw materials only!
Your first sentence is bigoted and dumb. Second sentence is a large part of the problem. I would recommend a book called "Confessions of an Economic Hitman"
It’s not dumb though; it’s a major factor that was surprisingly omitted; thankfully it’s my native country so I was aware. It does make me question how many incomplete/skewed depictions of countries we see on this channel however
It's not just you.
These types of videos are wildly biased. He also says that prosperity began with cutting social spending, privatizing, and seeking IMF loans then immediately after said the population remained extremely poor 🤔
To clarify: this is what I took umbrage at "all the European productions" You have a perfectly good point to make but you cloud the issue with a popular generalisation
Classic Ghana; 2 steps forward 1 step back.
Is it a dance move 😅
Much love for Ghana 🇬🇭 ❤️
for me as a Pole it’s funny and interesting that Ghana bought new trains from polish train company, wish them luck
Why is it funny?
@@YawAnsong because Poland is so horribly far away, but firstly because it is just funny to us when someone is buying our products, in Poland sometimes „funny” means being proud
🤣🤣🤣🤣… we Ghanaians question that too
Oh.. Very interesting
@@anthonycubadugosz109 the world is a very poor place :) even the richest countries are pretty poor
Ghana is the peaceful ,safe place in Africa and the people are very friendly ❤❤❤❤❤
It is a very corrupt country and the people are lazy
How can they Be peaceful if the economy is no promising
That's not what this serious problem is about!!!
Well, Ghana was called the "Gold Coast"
Now it is called the ‘broke coast’ 😂😅🙁
@@1001Balance u wish hater
@@julianaansah6367 better move to another country
@@1001Balance It ain't funny.
Ghana is far from Broke but We don't definitely dont have The Leaders .. Dont talk against Ghana .. You hear.. We much better than bro is painting here..@@1001Balance
This is Ghana be awesome
Ghana must have a good justice system, otherwise corruption will take control.
We don’t that’s one of the many problems 😅
It's corrupt as hell
Guess what, we don't
Ghana already has corruption. Many countries have corruption going on Ghana is no exception.
Ghana is not even close to the true powers of africa, South Africa looks like the United States moves like the United States and if somebody didn't tell you you would think he was in the United States of america, black people will rank Ghana somewhere about number 10 or 11 in Africa and it's not even close
Thank you for talking about my country and I'll add context.
Ghana was an economic success until 2016 where the Akufo-Addo and Bawuliar administration took over.
For context of how bad they performed the exchange rate under previous presidents was.
Kufuor = $1: GHC1
Atta Mills = $1 : GHC 2
Mahama = $1 : GHC 3.8
Akufo-Addo = $1 : GHC 13.11
Ghana is in a very rough patch but elections are in November and hopefully a new government can turn things around.
Did you see the whole video it started under Mahama. After Mahama left things got better but the Akuffo Addo government didn’t prepare well for any potential dangers. NDC and NPP have been our problem since Rawlings and after him Kuffour left office.
@@user-po1np7zy8d you cannot compare the collosal f*ck up of the NPP administration to the NDC administration. It's disingenuous and sounds like an attempt to minimise what they've done and sympathise with the party.
They killed the banking sector, multiplied national debt 5X in just 6 years all while Ofori Atta was taking a cut, inflation hitting 54.4% and have nothing to show for this.
I am sorry but NPP freemason cartel party is the worst thing to happen to the country.
Why do you think both Kwame Nkrumah and J.J. Rawlings both threw their members in jail.
They are CRIMINALS.
Yes. Lived in Ghana, great people that deserve a better government. Hopefully they will kick out the present shysters
@@thisdrinkinglife it's inevitable, Mahama wasn't a perfect president but after he left it was all down hill.
You forgotten the rede-nomination of the Ghana cedi automatically make 1$ to be 1GHC , it was 1$ to 10,000ghc until the rede-nomination that cut off 0000 zeros , today it has weaken to 1$ to 14GHC . Rede-nomination doesn't change currency value but mere numerical numbers for easy transaction... Ghana has always been on debt default,in the early 2000 she got debt relive from foreign countries...now Ghana is on another debt default with another IMF bailout exercise ongoing
Proudly Ghanaian 🇬🇭❤
I find it ironic that Ghana's currency became really weak during the time when their president stopped the sell of cocoa to the west advocating for adding value to export chocolate instead,sometimes economic hitmanship happens to countries that want to get more from their resources
Ghana needs to do so much about its chocolate if it wants competitive trade values
Bless you. You have one subscriber.
I love my Ghana,was just there in February,took my wife to.see it she didn't ant to return to the states and the reality is am not Ghanaian but I went to school and spend my teen years in GH as we call it. So enjoyable. I am going to move there in few years
You are always welcome bro...
Brilliant
I love how Argentina always comes up, even if the video is not about that country.
Ghana Argentina both at the mercy of the IMF
@@1001Balance "There exist four type of countries: *developed countries, underdeveloped countries, Japan, and Argentina."* _Simon Kuznets_
"My successor will gladly pay you tomorrow for my political survival today." - Every politician ever
Thank you for sharing! Your delivery comes across as a bit condescending at times, just something to consider.
God bless our homeland Ghana 🇬🇭
I hope you read this and one day maybe do a video on Tanzania. I feel like I haven’t seen anything about it and I would love to see an outsiders perspective on the country one day. Thank you
We need a video on how Islam is spreading throughout Africa. It might not equate to European colonialism, but it is what is impacting Africa now. The thousands being killed in the Sudan, Sahel, and Nigeria now have nothing to do with Europe.
This is a fair review.
It's not even fair it's bad
I just subscribed
Much love for this country❤
Ghana needs more skilled workers, get rid of entitlement abd corruption, and invest more in the rural areas instead if the urban
We've got a lot of skilled workers. In fact a lot of us have left to Europe and America due to the bad economic situation but we hope to invest back sooner or later
@@niiodartey5380 No we haven't got a lot of skilled workers.. only just a few, we are miles of from industrialization. Majority of Ghanaians living abroad are not skilled and don't have the entrepreneurship mindset. They are not intending to invest in Ghana but to return to Ghana and retire.
I'm a Ghanaian, partly true
Good video
I'm from Ghana
I believe my generation will start making things work. I will not enter into politics I think but there are young people like me who have seen the errors of our fathers and want to repair the country. It will be difficult, I believe next to impossible but doable.
What did you do to your voice editing? You talk so fast...!!!
I’ve found Magate Wade’s take on how African countries can explore their potential excellent. The guys from Triggernometry had a great conversation with her a few months ago.
Akufo addo has mismanaged the Ghana economy
Tell that to Tinubu.
@@ivybannerman-wood453Tinubu is better than Nana. I’m very sure Nigeria 🇳🇬 will come back stronger!
@koffido1334 Good, I am sure we all want that, the best for all. But so far, the evidence suggests otherwise, but I respect your opinion. Enjoy Tinubu and those who want to enjoy Nana do the same. No fight
@@ivybannerman-wood453 Of course. No fight. Nigeria has a lot problems too. But, at this point you can’t compare Nigeria economy with Ghana’s economy.
Remember, few months ago Ghana 🇬🇭(a country with a lot of Gold, oil and Coco…) has defaulted on its debt!
I truly want both countries to be successful 🇳🇬 ❤️ 🇬🇭
Peace.
@@koffido1334 his fans don't want to accept that Akufo-Addo is a terrible leader
How does kenya survive? Compared to Ghana we are very resource poor. Imagine the gold, cocoa, aluminium and oil exports Ghana has. Very strange.
Corruption, and nepotism with a sprinkle of foreign interest interference.
Who says that what’s we think about Africa? Most people don’t know a single thing about Africa period. And honestly this war and famine makes me think of the Middle East more then anything and now Europe now that the 10 year Ukrainian conflict is exploding which has been raging since 2014. Most people think of Africa they think Nelson Mandela. Blood diamonds and precious metals oil.
Most people don’t, but your politician DO, ask yourself why is that. Africa is the 2nd largest continent by land mass. A lot of European countries will be flat broke without their hands in most African countries example, France, UK, Belgium, Portugal, Italy, Spain etc..
Good
I hope this true 🍀
It's totally false! Guyana ranks somewhere around 10 or 11 in African country rankings, South Africa's clearly number one because it's developed has any modern country in this world, so many Europeans go on vacation to South Africa because it is a beautiful place to vacation and live, next is Kenya, you have black Americans Europeans are moving to Kenya, Kenya is very educated and they are even building a technology City that's costing billions of dollars, we love Ghana but the president is a puppet
Corruption is the downfall of Africa that’s it.
I'd love for Africa to get on it's feet. It would be a powerhouse.
Alas corruption is to tempting I see
its not corruption is Europe, USA and IMF,,,,which want us down
Ghana will bounce back
❤
Well done Ghana, political stability is really important for development. It seems they pushed too fast trying to develop :/ Considering the countries problems, secondary schools, hospitals and other infrastructure is clearly something that is needed. But trying to do everything at once can overload the budget.
3% growth annually and having a functioning city already with high population will lead to many people with a will to live to keep building and improving things.
Ghana will overcome but it will have to take some painful fiscal decisions such as the ones currently going on in Nigeria as at 2024..
By the way, Nigeria's refineries are making a come back. The state owned refineries are currently being overhauled with that of Port Harcourt set to resume production in 2024. While private refineries are also coming up too. Dangote refinery which is the largest single train refinery in the world at 650,000bpd has already begun supplying diesel to the Nigerian market and will start gasoline supply by May 2024. All these will help ease pressure on the country's foreign reserves and gradually strengthen the naira as well as reduce inflation. At this point, the recently increased interest rate will gradually start dropping which will help stimulate local productivity as credits become a bit more accessible and more affordable for businesses (especially with the increased bank capitalisation). This will all take a while to manifest meaningfully in the lives of Nigerians but eventually it will be noticeable by all.
We wish Nigeria well, but not withstanding, if the ENDEMIC culture of CORRUPTION continues, all its efforts will come to naught: Nigeria is damned dangerousely and insanely CORRUPT, aba!!
SALUTE TO GHANA
Ghana we don't have any problems like credit card debt, we eat organic food, we own our houses we leave apartment I mean every country on earth borrow money or get a loan from IMF., I don't want to mention any bi countries here shut up
I wish you could have a look at Rwanda, another country on the African continent that has allegedly been enjoying growth continuously for the last 20 years. Where is it now?
Its around peaceful & still growing whats your point ??
Soon to be a china colony.
@@BeitBridg They're just asking for more detail...
No they're not... propaganda. @@killab2oo5
Even though your country is spotless and clean, is still far behind the powers, and that is Kenya South Africa and Ivory Coast but you're close to Namibia and Zambia and I rank you ahead of Ghana
Kwame Nkrumah is never a dictator
The only dictator is the current president
Ghana is pretty cool.
Pagani is very far from other countries in Africa, South Africa not only has a Subway system, but they also have a high-speed rail system something does the United States doesn't even have that's what you call advancements and Kenya that has built a technology City at Angola is the number one oil producer in Africa and even though they speak Portuguese they're still a nice country
This was a well-documented .. well done Visual Politik EN
No it's not because he completely ignorant about Africa and everything he's saying is false
Governments who have contributed the most to Ghana's economic development:
1. Nkrumah
2. Acheampong
3. Kufuor
Rawlings had 19 good years of non-existent opposition and yet couldn't do much for Ghana.
Boom speeches 💯
Expansion of GDP ⛔️
How can you criticise Akufo Addo for making high school free for all Ghanaians and in the same breath ridicule Ghana for having a dearth of skilled workers (by the way, try being educated in a language completely different to the one you speak at home)? I'm sceptical of Akufo Addo's actions only when they receive praise from political and economic pundits in the West. May leaders from the global South continue to ignore the nonsense advice from the West and do what is in their people's best interests.
If you were from Ghana you will understand that the so called free education is more expensive than paying education. The lack of infrastructure before the implementation has also reduced the education hours I'm such that student sit at home for months (3÷) waiting for their turn to use the classrooms. Overall quality has depreciated
@@lordknows9047 Doesn't that just mean the education system needs more funding? You can't produce a world class workforce by promoting an elitist education system that only people with money, rather than brains, can access. Sure, you can import skilled workers and pay them 20x what you pay local workers, but if foreigners are running your economy, is it really your country anymore? This is the situation the West has gotten itself into and I'm puzzled why you're promoting a similar path for Ghana.
@@kelugu3776 Am really not sure if your response was directed to my statement; and though you are expressing an intellectual point of view it clearly doesn't much the current situation in Ghana. To me there's nothing like "Elitist Educational System" as you are suggesting that am proposing because you first need the education to become an elite per today's standards. I agree with you on the fact that the educational system needs funding and that's the current problem, if you don't have funds for something then you don't propose it to be free (a basic demand and supply concept). Now you can't provide classrooms, teachers, books and the very materials that students require to be educated so how have you helped the masses struggling to get the space. Today secondary school students in Ghana go to school for 2-3 months and come to sit at home for 3 months where some students indulge in social vices with teenage pregnancy, child labor in the mining sector, low educational standards and heavy cost of private substitute education to buffer months lost from sitting at home. Free SHS has taken a toll on citizens via the introduction and increment of various taxes including e-levy, garbage taxes, GET funds etc. These instances along corruption, nepotism, hoarding, tribal governance and bigotry has been the modus operandi of this president, that is why one leader has borrowed more money than all governments in the history of the 4th republic of Ghana put together yet has nothing to show for except to say Free Senior high school thats breeding illiterates, homosexuality, lesbianism and all the newly introduced curriculum that teaches our children same sex preference. As we sit today this president has refused to sign a bill the Parliament has passed to abolish LGBTQ practices in the republic of Ghana.
@@lordknows9047 First, thank you for your detailed and respectful response. It's not often you encounter 'adult' engagement on this platform. Second, I believe you've misunderstood my use of the word elitist in this context. Any system of education that grants access only to people who can afford to pay for it is elitist. It's not a judgement of the people seeking education, but the system itself. I don't understand those who criticise Akufo Addo for giving every young adult in Ghana access to free secondary education. While the execution of it may be criticised, the intent behind it is noble, in my opinion. What's needed is greater funding to ensure standards remain high, not a reversion to the way things were. You cannot find the best people to push Ghana's economy forward with their talents and creations if you promote an education system that limits the talent pool. If the problem is finding the money to support a universal education system then I am sure there is more than one way to skin a cat. Surely such a modest ambition is not beyond Ghana with it's relatively small population. After all, other developing countries with fewer resources than Ghana have managed it.
Ghana is on the cutting edge of Blaxit.
I think every black professional organization needs to have a least one conference over there.
@@carymarshallfelton9188 It should be the destination of choice for Spring Break at all HBCU
@@brianjonker510 I agree. I'd like to see the NAACP image awards do a show from there too.
Not true Ghana has a long way to go, they are ranked about 10 or 11 in African countries
So what's Ghana happen now
Good faith?! did you you verify any of your stats with Ghanaian data collection, or was this strictly western data?
Let's assume the facts are false, what he's saying about the country is real.
I was in Ghana when the 50% inflation hit around the Russo-Ukraine war,,, pretty wild year for the world economy, but it was even more wild to see the hit the Ghanaians got by commparison.
Ghana now is somewhat more unsafe for foreigners (2024), though not that it really matter. Ghana is still very safe, and much safer than most countries (including European ones) around the world.
Also social projects weren't the problem (especially education, here Ghana really needed an upgrade regardless), but combined with cutting taxes, debt-ghost, insane Covid measures, Mr:Addo drastically expanding ministerial positions that were stacked by his family and friend, along massive increase in expenditure by government officials (including ministers),,,, and ofc other things added to the sad decline of Ghana's economy.
As for why Ghana is comparatively safe,,, honestly can't find any other reason, than that Ghanaians are very peaceful people (sometimes to a fault). May be a better/more satisfying explanation, but this is just a simple observation from a foreigner that's spent periods of time in country (no, not an economic expert or anything like that either)
A economy based on exporting gold and cocco is not good storty with out industralizng that its bad part pluss most og the growth huge debt now most debt to gdp is over 100%
Ghana
J J Rawlings was the best president by far!!! 🇬🇭
Nana Akufor ADO messed up the economy! 😢
How is it never the system?
In my opinion the three most promising countries in Africa are Botswana , Rwanda and Kenya.
The World with peace, unity, integrity and love,, watching from berbera somaliland rep,,
How did you miss Botswana 🇧🇼, Mauritius 🇲🇺 & Seychelles 🇸🇨‽
Never call Kwame Nkrumah an authoritarian again!!
Kwame Nkrumah was africa's greatest hope to freedom and prosperity. It sad he was sabotage by the west
I was surprised when he didn't talk about his great achievements, but rather called him authoritarian.
Thanks western media for doing what you know how to do best: there are nice places in ghana with malls and hotels so why focus more on the open markets. You have poor zones in your backyard but you do "makeup" when you do pictures about your countries. Shame on you!
Everything's relative.
LoL😂😂the Caucasity
Do Nigeria next please..
Bro did not even finish this video and still commented.
@@radicalazuw9964 still watching the video dude🤔🙄🙄🙄
They already made one
@@SathyaswamyS yeah but we need an update
@@satarou7286 Yes
The constant music changes, whooshing sounds, and robot voiceovers annoyed the hell out of me. Less editing would be better
The African countries all have the same basic problems with tribalism at its core. Unity is hard to achieve and corruption is hard to resist with too many loopholes and obstacles to good governance in place. The solution lies in African unity and African resources to support African financial institutions. Outsiders have been the bane of Africa for centuries, from the Middle East to Europe and today from Asia. It would be great to have an African United Nations and this is a worthy goal but it’s going to take a very charismatic African leader to take charge, light the fuse for future growth and sustain growth by sheer willpower. Someone like African born Elon Musk or perhaps the despotic and ruthless MBS of Saudi Arabia who is on a high risk journey to completely overhaul his country in less than a decade. I think it’s possible that a suitable person might be from the African American community or perhaps a visionary from Asia Pacific countries?
They were anticipating a boom from oil money in 2009 and hence overborrowed but oil prices crashed there after. They also raised pay for civil servants and introduced free social services.
What about Kenya and south Africa ?
Those are the two African Powerhouse
@@jarodwilson4946nope
@@konamiaimz name me a country more powerful than Kenya and South Africa on the continent?
Very sad to say the least about Ghana’s economy and the government of the day.
This video reeks of condescension.
Akufu Addo gets an F cus this family and friends government that he's running is what has brought Ghana 🇬🇭 on its knees.....dammnn
2:32 Nkrumah (oon-crew-mah)
Nkrumah (ink-roo-mah)
Corruption remains a dangerous predator & socialism never works
Vietnan and china are doing good.
capitalism would destroy ghana. Socialism, though has its flaws, is simply better
Most countries in Africa are capitalist, so I don’t know what you are saying.
@@karmagaming2098 if they have private businesses then they aren’t communist
@@joshuafrimpong244 capitalism isn’t really the problem it’s the crony capitalism that was built
Nikhona?
Yeah yeah, Ghana is good and all that but Nigeria's jollof rice is still better.
Zambia is great too
How
Good luck to Ghana from India. If Ghana has a major economic boom, it will be a new destination for Indians to look for jobs and residency.
As India has no future, we Indians are always on the look out for economically promising countries and move there in hordes for jobs and residency and raise a family.
Not in Ghana.
@@SamuelComahthey already in ghana 😂
💯 AFRICA WE ARE GROWING 💯
TAKE THIS SIDE TALK WITH A GRAIN OF SALT?
IMAGINE NO MENTION OF PRESIDENT ATTA MILLS
THAT SPEAKS LOUDER THAN ANYTHING?
Next time, I hope (but don't expect) you'll point out that countries like Ghana face export tariffs into markets like the Europe which are not only bad for their farmers, but also bad for consumers in Europe.
Our governments are also responsible for stifling developing countries' growth.
"IMF assistance could be a new golden opportunity for Ghana" - we need to use those loans to build factories to produce more for export and put in place measures like import substitution. And then quickly pay off our debt. That way we can kiss IMF good bye.
Are you okay? What do you mean by "in the most unknown of all continents"? At 1:36
Don't be a tad!!!
I don’t think you ever been to Ghana and I don’t think the average Ghanaian would agree… we have unstable power supply, unclean water if it’s running that is. A inflation rate of over 30%. Roads are horrible bars and the police harassment of foreigners. Better you talk about Rwanda 🇷🇼
Not an unusual story.
Socialism ends up making a mess of things ( as always ) so Capitalism, like the adult in the room, has to come in and fix everything.
Wrong!
Surprisingly it was the capitalist party who sank our country with Socialist policies.
This is NOT TRUE.
Liberia? Burkina Faso?
Libya is a fourth world country LOL in Burkina Faso has positioned itself to be the next power in Africa and the two biggest powers in Africa is South Africa and Kenya and Nigeria I know a name three but South Africa is developed as the United States every city is developed and beautiful they even have Subway systems and they have a high-speed rail system they have McDonald's Burger King Pizza Hut and Amazon delivering packages
@@jarodwilson4946 and so tf what Ghana is not any of there mates in many ways South Africans are still living in bondage to Europeans Nigerians don’t let me even start Ghana with all its issues he is right Ghana is the most promising
@@jarodwilson4946Yeah Libya has experienced a major hit, thanks to US invasion and destruction leaving behind ruins. 😪😡
@@jarodwilson4946McDonalds, Pizza Hut, etc . How unfortunate importing all the garbage frankenfoods.😪
@@bizhope007 even though Libya has very few Black people, because of the invasion of the Arabs, Kadafi, apologize for that before he built a strong Libya, and he was trying to build a strong Africa before the United States came and killed him
They keep on borrowing and i don't even know what this president and his cronies use the money for
Burkina Faso was hit hard with France 🇫🇷 Neo- Colonialism 😢
Nkrumah now is Authoritarian well still we like him
Akufo Addo has destroyed everything in Ghana
It has really striked me how much it is mentioned about colononialism as the deepest root to all Africas problem today when we have great example of growing economies such as India, Vietnam, Malaysia, Indonesia etc who suffered a lot through european colonalism. The blame game is never going to lift a country up from poverty. Fun fact during those times, ask any european how well they were treated during industrialism (when kids died in factories) or any farmer who was starving to death trying to farm potato, white europeans were still sold to slaves during the Ottoman Empire during that time. There is so many factors that plays a role of economicial failure, especially miss mangament from goverment spending.
Anyway the African countries who is showing the best example is Rwanda, that country is working hard together no matter its past!
It may not lift their countries up, but it feels good to blame, especially when there's nothing left to do.
This guy really thinks Ghana is more promising than Nigeria 🤨
It's like you don't even know who the superpower in that area is 🗿
Nigeria is a borderline failed state, the level of violence and tribal bigotry is eye watering.
Until Nigeria splits up it has no future.
Keep hating Ghana is not ur mate
Nigeria is currently failing as a country, let's face it. Insecurity is rampant, there are political crisis' in quite some states, there are strong separatist movements and the administration is so corrupt that the average citizens struggles to meet basic commodities.
Nigeria a superpower yh in yours dream
Nana akuffu addo is the wors leader in Ghana's political history
Ah. The commonality of democratic socialism, poverty, starvation,political and social misery.
Dude wht qualifies you to talk/discuss about African countries leave alone the cultures?
Got to get a Ghona hat someday. 😁
France? Didn’t watch the video yet
i live in paris + can confirm it is africa's most prosperous city
No, not this time and I say this as someone who has criticised France exploitation before.
Nigeria is NOT at risk of default! Stop it. Please do your research. We can pay our debt!
Not with our extremely corrupt administration.
Even going to IMF is destructive...❤Never a great idea. ❤
I thought Morocco controlled Europe lol
That would be England
Im more interested to development kenya