The furious internal fighting between the various factions within the dormant Convention People's Party (CPP) has forced Major (rtd) Kwadwo Boakye-Gyan, former member of the Armed Forces Revolutionary Council (AFRC) to retire from active politics.
The move comes months after he had publicly declared to run for President on the ticket of a United Nkrumaist Party.
According to the nation's number two man during the Rawlings-led AFRC rule, the ceaseless merger talks between the various Nkrumaist Parties into a single and attractive political force, has in fact no chance of being fulfilled within a realistic-time frame before the 2008 elections.
This situation, he said, has informed his resolve to retire from active politics.
In a statement issued on Wednesday, Osahene Boakye-Gyan said after exhaustive talks with friends, associates and family members, he has decided to, with immediate effect, desert the political scene.
In January 2006, Major Boakye-Gyan announced his intention of seeking nomination to become the presidential candidate of a merged Nkrumaist party.
He later declared Ghana as a failed state in an exclusive interview with CITI NEWS ahead of this year's June 4 commemoration ceremony.
In the statement Major Boakye-Gyan said both the New Patriotic Party (NPP) which he describes as conservatives and the National Democratic Congress (NDC) liberals are not options for him, because he hails from the progressive Nkrumaist tradition, which is so hopelessly divided.
He said that the state of affairs within the Nkrumaist family gives him no meaningful room to manoeuvre politically, toward grabbing political power in 2008, hence the decision to retire.