Weaning Ghana off Foreign Aid: Is it Possible?

Aha, die merken das selber, von dem wir uns einreden, dass nicht sein kann was nicht sein darf ...

Ghana Web Feature Article of Friday, 3 July 2009

"Africa remains the world’s most aid-dependent and indebted region. Despite the programmes of debt relief which became significant in the 1990s and the increased commitment to fostering prosperity in Africa and Ghana to be specific by developed countries and donor agencies (including the World Bank and IMF), extreme poverty still has a firm grip on the majority of the people. It still remains a mystery why the economies of countries in Africa have seen no significant improvement and continue to grow worse with the increase in foreign aid. According to the World Bank Annual Report 2008, Africa received the highest Bank Group support, at more than $7.2 billion in loans, grants, equity investments, and guarantees, which is a record for the region. The continent, however, remains the poorest with regards to the little progress made in enhancing the livelihoods of the chronically poor. It, therefore, stands to reason that Africa is entangled with the struggle that goes beyond the ordinary strategies employed in development efforts of an economy. This makes the development quest of Africa and Ghana in particular virtually a myth considering the fact that foreign aid has been the pivot around which the economies of almost all African countries revolve. Presently, economies in this region have been completely built in a way which seems impossible to perform and make meaning without foreign aid. The economy of Ghana believe it or not has been shaped to fully depend on foreign aid from the World Bank, IMF and donor countries and agencies for an improved budget in a fiscal year. This explains why it would be the greatest task ever at attempts to wean Ghana off foreign aid." (Hervorhebungen KDL)

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