Long term 40yr dev’t plan is defunct – Casely-Hayford

The plan, spanning from 2018 to 2057, is the first ever long-term development agenda Ghana has ever had.

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Casely-Hayford - Financial Analyst play Casely-Hayford
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Financial analyst, Sidney Casely-Hayford has described as “defunct” the 40-year development plan by the National Development Planning Commission (NDPC).

The plan, spanning from 2018 to 2057, is the first ever long-term development agenda Ghana has ever had. It will bind governments to a vision lasting till the country turns 100 years as an independent nation.

Speaking on Citi FM’s The Big Issue, Mr. Casely-Hayford stated that the plan will not work because it was obsolete.

According to him, the world is fast-changing and considering the fact that continuity will be a challenge, there should not be a 40-year plan.

“We don’t have any determining situation that whatever goes with this long development plan must necessarily be adapted by any party that comes to power,” he noted.

READ MORE: > 40-yr development plan is a 'joke' - Franklin Cudjoe

Mr. Casely-Hayford suggested that the future development should rather focus on championing the proportional representation system instead of the winner-takes-all.

“I believe the acrimony that we are creating with this two-party state that we have simply because we are doing this first-pass-the-post system and representation in parliament must stop. For any system to work properly, that is the first thing we need to correct,” he said.

READ MORE: > Partisan NDPC heads unaccepted- IEA

In addition, the financial analyst intimated that regions should be made to administer themselves.

“If we want to plan for anything, let us plan that we will have a regional autonomy in this country. The idea that we have a national central government system that controls all the purse money is wrong. Anybody who is going to represent you in a district, municipality must be voted for so we could hold them accountable,” he observed.

“The problem is not because we haven’t recognised the decentralisation laws. The problem is that we still continue to hold on the most important ingredients for development in the economy, which is the cash in a party name, guides as government and give to those we think should benefit and later get votes from them during elections. We are being stupid,” he fumed.

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