• About
  • Advertise
  • Privacy Policy
  • Contact
Tuesday, January 20, 2026
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Freedom Hinged On Unseen Chains

M.Cby M.C
March 7, 2023
Reading Time: 5 mins read
freedom

The 66 year old Ghana has evolved over the years, meandering through the status of its first republic through to the present fourth Republic. The fourth republic of Ghana has stood the test of time under the headship of past Presidents who upheld the principles of democracy and rule of law and the current President who is striving to project Ghana’s beacon of hope to others.

Over the eons, African countries who were colonized, have commemorated their day of independence; the dawn in their history where their forefathers heaved a huge sigh of relief because their colonisers could no longer breathe over their necks.

The celebrations, mostly marked with pomp and grandeur, reminds the present generation of the price their forefathers paid for emancipation.

RelatedPosts

IMF Adjusts Targets As Ghana Programme Nears End

BoG Projects Inflation at Lower End of Medium-Term Target

“2025 Was a Year of Painful Adjustments but Stability Is Back,” BoG Governor Declares

Sadly, it seems Africa is gradually relinquishing its hard-earned independence to former colonisers. Having to crawl back to western donors for foreign aid, Countries on the continent are crushing their sovereignty into fragments which will soon be blown away by the wind of immense debt.

“The black man is capable of running his own affairs,” Osagyefo Dr. Kwame Nkrumah asserted in his independence speech on March 6, 1957. This statement emboldened Nkrumah’s belief that Africans are not meant to be dependent on foreigners to rule them. Ironically, the present-day Black man is running from his own affairs; leaving it in the somewhat invisible hand of loan conditionality.

The Ghana which seeks to be beyond aid, is drifting far from the reach of rescue.

ADVERTISEMENT

Thus, the continent is racing towards neocolonialism.

Can Unity Do The Trick?

Delivering a speech at Ho during the 66th Independence Day celebrations, the President called on Ghanaians to be united and not allow the challenges to divide the citizens.

“The enemy we face is not each other. We can only win this battle if we stick together, and pull in the same direction, regardless of our divergent viewpoints. I am confident that we are on the right path, and I ask for your support so that we can continue the transformation of Ghana in peace.”

President Akufo-Addo

Greater Accra Regional Minister, Henry Quartey affirmed this by saying, “only unity will take us to our destination” during his speech at Tema. But come to think of it, is unity the ultimate panacea to our current issue?

Well, thorns of disunity are already sprouting in some parts of the country, Assembly members of the Bawku West district in the Upper East boycotted Independence Day celebration, Former President Mahama did not attend because he said the Independence Day celebration has been turned into a political party jamboree.

“I said I don’t want to be part of this party jamboree. Independence is a solemn national celebration that is celebrated at Independence Square and everybody could come.”

Former President Mahama

Our Unity, Our Strength, Our Purpose was the theme for the 66th Independence celebration but where is our sense of Purpose if the strength of our unity is weakened?

Is It Worth The Celebration?

A number of people believe that Independence Day celebrations should be scrapped, stating that the government should channel the use of such resources into more profitable ventures such as securing health equipment, providing social amenities, improving the education system amongst others.

Investing in the country’s future will go a long way instead of spending the country’s sparse resources on celebrations, they say. Former President John Mahama suggested that the money spent on the celebrations could have been used to procure vaccines for children.

However, some people claim that the celebration of Independence Day, on the newly introduced rotational basis will boost the local economy of the region. Others believe that cancelling the celebration will mean disdain for the country’s history.

In December last year, President of Tanzania, Samia Suluhu cancelled the country’s 61st Independence Day festivities.

About $445,000 (£364,000) had been set aside for the festivities, but the President directed that the money be spent on building dormitories in eight rural special needs schools to help many leaners, some of them who walk daily between 5km and 10km (3-5 miles), to attend classes.

samia suluhu
Samia Suluhu, President of Tanzania

The East African country celebrated Independence Day by having public dialogues on development.

Last year was not the first time that the country cancelled the celebrations.

In 2015, then-President John Magufuli cancelled celebrations and diverted funds towards the building of a road in the commercial capital, Dar es Salaam. In 2020, he did the same and directed that the budget be used to buy medical facilities.

Incidentally, most African countries are reeling under the load of economic crisis. Foreign donors get to determine what a country does with the funds they give them.

Some of the conditions are quite restricting for the countries at the receiving end. Certain programmes which may affect citizenry adversely have to be rolled out just to secure an amount of money which is not free.

Ghana, for instance, basks in the glory of being politically independent but on the economic scene, the country is nowhere near independent.

Recently, the country recorded worsening economic indicators with inflation hitting over 50% and a depreciating cedi.

This has pushed the government to the International Monetary Fund (IMF) for a $3 billion extended credit facility to help revive the economy.

In order to secure the bailout loan from the International Monetary Fund (IMF), the government has to meet the conditions laid out by the IMF.

As a result, the government undertook a domestic debt exchange programme(DDEP) as part of a comprehensive debt restructuring to meet the IMF’s condition for support.

Therefore, the country’s freedom is being limited by the unseen hands of chronic borrowing and the conditions that come with it.

READ ALSO: <strong>Ashaiman Member Of Parliament Speaks On Military Brutalization </strong>

Tags: ghanaIndependence dayKwame Nkrumah
Share1Tweet1ShareSendSend
Please login to join discussion
Previous Post

Nigerian Exporters Eye $5.4 billion Charcoal Market as Federal Gov’t Places a Conditional Resumption on Charcoal Exportation

Next Post

Ashaiman Member Of Parliament Speaks On Military Brutalization 

Related Posts

Ghana Inches Closer to $380 Million IMF Disbursement as Board Review Looms in December
Economy

IMF Adjusts Targets As Ghana Programme Nears End

January 20, 2026
Bank of Ghana Projects Inflation at Lower End of Medium-Term Target
Economy

BoG Projects Inflation at Lower End of Medium-Term Target

January 19, 2026
“2025 Was a Year of Painful Adjustments but Stability Is Back,” BoG Governor Declares
Economy

“2025 Was a Year of Painful Adjustments but Stability Is Back,” BoG Governor Declares

January 16, 2026
Mahama Assembles High-Powered Economic Brain Trust to Reset Ghana’s Economy
Economy

Mahama Assembles High-Powered Economic Brain Trust to Reset Ghana’s Economy

January 15, 2026
Economic Momentum Builds as Ghana’s Growth Rises to 3.8% in October, GSS Reports
Economy

Ghana’s Economy Shows Steady Recovery with 3.8% Expansion in October, GSS Reports

January 14, 2026
NPP 2026 Flagbearership Aspirants.
Opinions

Who Will Win the NPP’s January 31st Primary?

January 14, 2026
Minerals Commission with Tanzania Delegation
Extractives/Energy

Minerals Commission Engages Tanzanian Delegation on Regulatory Governance

by Bless Banir YarayeJanuary 20, 2026
Kwame Kesse-Agyepong, GIPC Deputy Director, at Akwaaba Feeds in Bawjiase, with Representatives
Vaultz Business

GIPC Maps Out Central Region Investment Opportunities

by Silas Kafui AssemJanuary 20, 2026
Asia

Israel Targets Two UN Facilities In Latest Crackdown

by Comfort AmpomaaJanuary 20, 2026
Africa

Health of Jailed Ugandan Opposition Figure Besigye Deteriorates

by Comfort AmpomaaJanuary 20, 2026
Ghana's Vice President Professor Jane Naana Opoku Agyemang a meeting with Heads of International Monetary Fund country and regional offices in Africa
General News

Ghana-IMF Ties Must Evolve Beyond Bailouts – Vice President

by Evans Junior OwuJanuary 20, 2026
Mr. Osei Owusu Agyeman, Project Coordinator for the West Africa Food System Resilience Programme, Ghana
Agribusiness

FSRP Secures Ghana’s Tomato Supply Through Strategic Partnerships

by Silas Kafui AssemJanuary 20, 2026
Minerals Commission with Tanzania Delegation
Kwame Kesse-Agyepong, GIPC Deputy Director, at Akwaaba Feeds in Bawjiase, with Representatives
Ghana's Vice President Professor Jane Naana Opoku Agyemang a meeting with Heads of International Monetary Fund country and regional offices in Africa
Mr. Osei Owusu Agyeman, Project Coordinator for the West Africa Food System Resilience Programme, Ghana

Recent News

Minerals Commission with Tanzania Delegation

Minerals Commission Engages Tanzanian Delegation on Regulatory Governance

January 20, 2026
Kwame Kesse-Agyepong, GIPC Deputy Director, at Akwaaba Feeds in Bawjiase, with Representatives

GIPC Maps Out Central Region Investment Opportunities

January 20, 2026
download 34

Israel Targets Two UN Facilities In Latest Crackdown

January 20, 2026
download 33 1

Health of Jailed Ugandan Opposition Figure Besigye Deteriorates

January 20, 2026
Ghana's Vice President Professor Jane Naana Opoku Agyemang a meeting with Heads of International Monetary Fund country and regional offices in Africa

Ghana-IMF Ties Must Evolve Beyond Bailouts – Vice President

January 20, 2026
The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.

Discover the Details behind the story

Get an in-depth analysis of the news from our top editors

Enter your email address