The leader of the New Force Movement, Nana Kwame Bediako, has pledged to set up a National Sovereign Wealth Fund if he wins the 2024 general election.
The Fund according to Cheddar as he is popularly known would be positioned as a competitor to the International Monetary Fund (IMF), challenging the reliance on the Bretton Woods institution.
Additionally, it would be the economic backbone to secure Ghana’s wealth and resources.
Nana Bediako announced his during his policy launch on Sunday, September 1.
“We are going to create the National Sovereign Wealth Fund; this is the new IMF. Well, at this very point, Ghana will help me launch the new IMF.
“Because verbally it is said but physically and mentally, we are about to implement it. This pillar is a new policy and it will disrupt and dissolve but eventually, it will rebuild our heritage value,” he said.
The presidential aspirant also criticised the exportation of Ghana’s minerals for minimal returns, pledging to end such exploitation if elected.
“In the past, our minerals have been extracted and exported for pennies, we are ending it. The National Sovereign Wealth Fund is the new IMF, independent and autonomous. It will collect every reserve and will keep it and protect it,” he added.
Credit: Adomonline
