He contended that those in power have consistently mishandled funds, causing a small elite to enrich themselves while leaving the majority of the nation in poverty.
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Corruption has led to the IMF controlling everything in Ghana — Malema
Julius Malema, the leader of South Africa's opposition, is linking Ghana's economic downturn to corrupt government officials.
South African politician Julius Sello Malema
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Malema suggested that these corrupt practices have hindered Ghana from meeting its external debt obligations, leading to a form of indirect colonialism—a situation contrary to the efforts of Dr. Kwame Nkrumah to prevent such economic dependencies.
Addressing a conference organized by Arise Ghana, Malema emphasized that corruption poses a significant threat to the country's democracy.
He said the democracy of Ghana is threatened by corruption - a corruption that made sure that Ghana does not pay its international debt.
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He added that as a result, Ghana is unable to self-determine because everything else is dictated to Ghana by IMF and the World Bank because the current leadership failed to honour their obligation.
He noted that corruption is a threat to a wonderful democracy anywhere because it is eating on the moral fibre of democratic dispensation.
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