Investments

Investigate fake investors milking agric industry dry

2 Mins read

Investigate fake investors milking agric industry dry – Entrepreneur tells govt

Renowned entrepreneur involved in Ghana’s Agricultural sector, Issa Ouedraogo is calling on the government to urgently deal with person’s derailing the country’s efforts in the agricultural sector.

According to him, lawyers, local banks, are constantly allegedly conniving insidiously to milk the country’s Agricultural sector dry, hence the weak performance of Agriculture in the country.

The founder of B-BOVID , claims, until Government of Ghana identifies these abnormalities silently creating an avoidable lacuna along the value chain of the Agricultural sector, and stem the tide, nothing significant would be achieved whilst the pockets of individuals fronting for fake foreign investors as lawyers, and banks would continue to get full.

These irresponsible local banks, according to him would continue to whitewash the surface of the fiscal policy regime and beneath their activities, they would continue to connive with fake foreign investors to short-change the country in various ways.

Addressing participants at Ghana social enterprise forum organized on Friday November 18 at the British Council under the theme: ‘Partnerships for sustainable development: social enterprises as catalysts for inclusive growth in Ghana,’ an angry Issa Ouedraogo, who detailed his terrible experience and practical issues with all the aforementioned in the last 17 years, pointed out that foreign direct investment into Ghana’s Agricultural sector appears good in the books, but lacks clarity, conformity, and integrity.

He cited his personal engagement with one French organization which came into the country as social impact investors and cunningly took over his company he personally struggled to birth in the last two decades with his sweat and toil without the support of any government institution.

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He argues government must consider investigating the modus operandi of some of these firms to ascertain if indeed these companies are decent enough and do not hold Ghana sway in its underhand dealings with local and foreign partners.

All these negative developments, he underscored, would continue to work impervious against the Agricultural sector and ultimately the national economy.
He, therefore, cautioned all stakeholders working in the Agricultural industry to guard against entertaining diatribes, selfishness, excessive greed, and ignorantly promoting fake investors who clandestinely might be conniving with desperate lawyers to milk the Agricultural sector dry.

He wants government to create an opportunity for all the above-mentioned issues to be investigated to save the country from sinking further under the guise of foreign direct investment.

 

Source: 3news.com

 

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