Dr Hassan Ayariga, Founder and Leader of the All People’s Congress (APC), has warned that Ghana is gradually losing control of its economy to foreign investors, describing the trend as a takeover rather than genuine investment.
Speaking on The Pulse on March 6, Dr. Hassan Ayariga acknowledged the benefits of foreign investment but warned that increasing foreign dominance in key sectors such as housing, banking, and major businesses poses a serious threat to Ghana’s economic sovereignty.
Dr Ayariga further suggested that under his presidency, restrictions would be placed on foreign ownership of property.
“If I am president, I don’t want any foreigner to own property. You can invest your money, yes, but when you’re buying almost everything, land, businesses, companies, you’re losing control,” he said.
He added that foreigners are increasingly positioning themselves to wield political influence in Ghana.
“They are building up structures to ensure they have children in Ghana who can run for ministerial or parliamentary elections, and even the presidency. This is a serious threat to our economic and political sovereignty.”
Dr Ayariga warned that sectors such as banking, housing, and commerce are seeing growing foreign control, which he says undermines the ability of indigenous Ghanaians to fully benefit from their own economy.
“We are losing economically. In banking, business, housing — foreigners are gaining more control than indigenous Ghanaians. We are losing our sovereignty.”
Dr Ayariga urged vigilance and careful regulation to ensure that foreign investment supports national development rather than displaces local ownership and control.
“We must protect Ghanaian interests while welcoming investment that genuinely benefits our people. Otherwise, we risk losing both our economy and our future.”
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Source: www.myjoyonline.com