How can we be so indebted while producing the most gold in Africa? Kwesi Pratt tests

Kwesi Pratt Jr., the managing editor of the Insight Newspaper, has questioned how Ghana, which is the continent’s top producer of gold and other resources, can have such a high level of debt while it also has a history of producing such low quantities of these commodities.

The seasoned journalist underlined during her appearance on Metro TV’s Good Morning Ghana that Ghana’s development paradigms need to be reevaluated in order to allow for the utilisation of domestic resources for regional development.

“As a result, we must radically revise our development philosophy. To the degree that we can utilise our own resources for development, we need to reconsider our paradigm for development. Social media has seen a big increase in conversation regarding gold production during the past week. According to official records, the amount of gold that leaves this location and the amount that we extract from it, I believe that is where we should focus and where we should be looking.

“How did we end up becoming the top gold producer in Africa while still being so indebted? How are we still where we are if we are the second-largest producer of cocoa in the world? Why are we where we are now while our soil has practically everything, including oil, gas, diamonds, and so forth? he questioned.

Kwesi Pratt Jr. claims that in order to get the nation out of its current debt-induced rut, it is critically necessary to investigate this contradiction of events.

“This is the conundrum that has to be looked at, and if we do it very properly, we might just be able to discover a way out of this hole that we’re in,” he continued.