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March 9th , 2025

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Sandy Boatey

22 hours ago

WE SOLD OUR FACTORIES, TURNED THEM INTO CHURCHES – KSM ON FACTORS INHIBITING GHANA'S GROWTH

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Ghanaian satirist and media personality, Kwaku Sintim-Misa (KSM), has expressed strong concerns about the factors slowing Ghana's economic growth, highlighting the mismanagement of national resources and misplaced priorities. Speaking on the issue, KSM criticized how once-thriving factories have been abandoned, sold off, or repurposed into churches instead of being revitalized to boost industrialization and economic progress.


The Industrial Decline and Shift to Religion

Over the years, Ghana has witnessed the gradual decline of its manufacturing and industrial sectors, with many factories shutting down due to poor management, lack of investment, and unfavorable economic policies. In contrast, the religious sector has seen rapid growth, with churches springing up in every corner of the country. KSM believes this shift reflects Ghana’s misplaced priorities, where economic development takes a backseat to religious expansion.

"We had industries that could have helped sustain our economy, but instead of revamping them, we either abandoned them or sold them. Now, many of these places have been turned into churches. It’s sad because factories create jobs, while churches only collect offerings without directly contributing to national productivity," KSM lamented.

The Lost Opportunities for Economic Growth


During Ghana’s post-independence era, the first president, Dr. Kwame Nkrumah, established several factories and industrial hubs to propel the country towards economic independence. These included the Tema Textiles Limited, Bonsa Tyre Factory, and the Pwalugu Tomato Factory, among others. However, due to years of mismanagement, privatization, and policy failures, many of these establishments collapsed, leaving thousands unemployed and forcing Ghana to rely heavily on imports.

KSM noted that countries that invested in industry and technology have seen exponential growth, while Ghana continues to struggle. "Look at China, Malaysia, and South Korea. They invested in their industries, and today, they are global economic giants. But Ghana, instead of following suit, keeps abandoning its industries and allowing religious institutions to take over spaces that should be used for manufacturing and business," he argued.

The Role of Religion in Ghana's Socioeconomic Landscape

Religion plays a major role in Ghanaian society, with churches wielding significant influence in communities. While faith provides solace and moral guidance, KSM pointed out that excessive religious dependence often leads to passivity, where people focus more on prayers than practical efforts to improve their lives.

"Instead of encouraging hard work, skill development, and economic investment, many churches preach prosperity messages that make people believe their breakthrough will come through divine intervention rather than effort and planning. We need to rethink our approach," he stressed.

A Call for a Shift in Mindset

KSM urged Ghanaians to prioritize economic growth and development by reviving industries, investing in local businesses, and reducing over-reliance on foreign imports. He called on leaders to be proactive in restructuring the economy rather than allowing national resources to go to waste.

"If we want Ghana to move forward, we must rebuild our factories, support local industries, and reduce the excessive focus on religion at the expense of productivity. Religion has its place, but it should not be at the cost of economic development," he concluded.


Conclusion

KSM’s statements have sparked discussions on Ghana’s economic trajectory and the need to strike a balance between faith and development. As the country grapples with unemployment, economic dependency, and declining industries, many hope that policymakers will take proactive steps to restore lost opportunities and set Ghana on a path of sustainable growth.



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