Lydia 2 months ago

Self Reliance || Reasons Why Ghana is not Self Reliance

Here is why Africa is not Self Reliance. There are many difficulties

A country is said to be self-reliant when it does not depend on other countries or international organisations for her basic needs. Self reliance requires that the country learn to produce her basic needs by making good use of her productive resources. 


For example, Malaysia, China, Japan, Singapore, and Indonesia have over their years improved on their production, distribution and wealth creation. As a result, most of these Aslan countries are now Self-reliant. They grow what they eat and eat what they grow. They do not depend on rich countries for survival. 


REASONS WHY GHANA IS NOT SELF-RELIANT 


Ghana celebrated her 53 years of independence on 6" March, 2010, yet, the country relies heavily on other countries for support and assistance. We are not seif-sufficient (reliant) in many sectors of our economy. This is because of the following reasons: 1. Our love for foreign things than those made in Ghana: Our dressing, eating habits, lifestyle and mentality have drifted to the outside world. We spend hard earned foreign exchange to import things which can be produced in 

Ghana. We must aspire to greater heights and try our best to be self-sufficient in most sectors of the economy. 


2. Over-reliance on foreign countries and Institutions: 

We depend on the developed countries for loans, aid and technical assistance. Medical aid, foods, technical assistance, loans and other forms of support from donor countries and institutions have compromise our sovereignty as a nation. 


3. Inadequate and untapped resources: 

The country has resources which have not been developed to push our level of development faster. Agriculture, for example, is still rain fed. Hoes and cutlasses are still the implements used in farming. The absence of storage facilities and industries to process most agro-products is a big problem. We are yet to drill our oil and natural gas. We have no national policy to go into solar or wind energy to solve our energy problems that have assumed a serious national crisis. 


4. Low savings and capital: 

Poverty is a national challenge. The level of poverty in the country is so serious that people are not able to save. 


5. Over dependence on primary production: 

Ghana is still tied to the production and export of primary products. Examples are cocoa, timber, gold, diamonds, bauxite, manganese and non-traditional exports like artefacts, kente, sea foods, and textiles. For example, when the market prices for most of the country’s primary export falls, the national income for that year aiso falls. This makes the economy fragile or weak to the dictates of the international community and the world market. These primary exports do not eam the country the needed foreign exchange to make us self-reliant. 


6. Inadequate manufacturing industries: Ghana's post independence industrial policy of import substitution did not help the nation. Most of the state-owned industries were inefficient, not well equipped, lacked raw material supply and were mismanaged. The effect is that most of them collapsed whilst those functioning have been sold (divestiture) to foreign partners or owners.The prevailing economic conditions such as high interest rate, Increase In taxes, and rising cost of fuel and energy are hostile to most private businesses operating in Ghana. This low level of industrial development has created unemployment and contributed to the high rates of poverty in the country. 


7. Lack of national priority: Military interventions in the past have slowed down our pace of development. All past development plans never saw their full term. The nation is still experimenting with many sectors of the economy like education, health, sports, roads and transport and youth development. There are many serious fundamental problems facing this nation. “The new king new law’ system that has faced this country since independence has supported the belief that the “nation has” no priority’.

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