Former founder and Chief Executive Officer of UT Bank, Prince Kofi Amoabeng, has bemoaned what he says is a seeming state capture by members of the political class through their undue meddling in the business sector.
According to the businessman, this situation ultimately affects key development areas of the economy, including the country’s Gross Domestic Product (GDP).
“Notwithstanding all the statistics you are throwing around, there is a trend that really worries me. I will start back and say that what we use to measure the country’s performance is the GDP, which is the production of goods and services divided by the number of people to get the GDP per capita. So every country’s aim is to generate a huge amount of GDP. Now the simple position is, GDP is achieved through CEOs; owners of businesses, heads of institutions. So CEOs are in the lead when it comes to generating …