• About Us
  • Contact Us
  • Photo Gallery
  • Privacy Policy
  • Terms of Use
  • Citi TV
Tuesday, June 28, 2022
Citinewsroom - Comprehensive News in Ghana
  • Home
  • News
  • Business
  • Sports
  • Showbiz
  • Coronavirus
  • Infographics
  • Livestream
  • Videos
No Result
View All Result
Citinewsroom - Comprehensive News in Ghana
  • Home
  • News
  • Business
  • Sports
  • Showbiz
  • Coronavirus
  • Infographics
  • Livestream
  • Videos
No Result
View All Result
Citinewsroom - Comprehensive News in Ghana
No Result
View All Result

We’ll create assets from oil revenues – Nana Addo assures

Jonas NyaborbyJonas Nyabor
May 13, 2018
Reading Time: 2 mins read
President Nana Akufo-Addo

President Nana Akufo-Addo

ShareShareShareShare

The President made this known in a speech at the London Business School’s Africa Summit, on the theme “Scaling for Impact – the Important role of Industrialisation.”

He indicated that unless Ghana industrialises with the goal of adding value to her primary products, the country cannot create the necessary numbers of good-paying jobs that will enhance the living standards of Ghanaians.

“Raw material producing economies do not create prosperity for the masses. The way to that goal, the goal of ensuring access to prosperity, is value addition activities in a transformed and a diversified modern economy, with a modernised agriculture. In other words, the industrial development of our economy, which takes on board the aid of digital technology,” he added.

Importance of Education

Industrialization, the President said, can only be successful with a workforce that is equipped and skilled and can compete effectively on the global market.

Any country that aims to transform itself into a modern productive player in the global marketplace must get its educational policies right, adding that the countries that have made rapid progress around the world put education at the heart of their development.

Citing the example of the United States of America’s transitioning to publicly funded high school education in the mid-19th century, President Akufo-Addo stated that the experiment paid off, and America set herself up for 20th century success, creating a workforce fit for rapid economic development, which has inspired the emergence of the most powerful economy so far known to human history.

“Indeed, other nations, who began their lives as independent states at the same time as we did, like Singapore, Malaysia and Korea, have emulated a similar model, and have also achieved great economic success. In fact, in their case, they followed Japan’s excellent example,” he said.

Through the policy of Free Senior High School education introduced in September 2017, President Akufo-Addo told the gathering that 90,000 more students gained access to Senior High School in 2017 than they did in 2016.

“We are of the firm conviction, also, that we shall be able to transform Ghana’s economy and reduce unemployment, when we pay attention to technical and vocational training. That is where the skills needed for the modern economy can be developed,” the President added.

Ghana, President Akufo-Addo stated, can become a regional centre for light manufacturing for some 350 million people in the ECOWAS Community, “by weaving together our numerous natural resources, like food produce, bauxite, iron ore, oil and gas, with our talents and energy.”

–

By: Jubilee House

ShareTweetSendSend
Previous Post

Make yourself available to serve Ghana – Former NDC MMDCEs to Mahama

Next Post

Dead headmaster to get GHc 410,000 after wrongful dismissal

Related Posts

General

NEIP takes YouStart policy engagement to churches

June 28, 2022
News

Nana Kwaku Boateng lll takes over as new Omanhene of New Juaben [Photos]

June 28, 2022
Top Stories

Former toll booth workers take on gov’t over delay in employing them

June 28, 2022
Top Stories

Inability of E-levy to hit revenue target not surprising; vindicates NDC – Sam George

June 28, 2022
Opinion

Of Ike Ekweremadu, Human (Organ) Stoway and Key Lessons for Ghana [Article]

June 28, 2022
Top Stories

Arise Ghana demo non-partisan and in the public’s interest – Sammy Gyamfi

June 28, 2022
Next Post

Dead headmaster to get GHc 410,000 after wrongful dismissal

TOP STORIES

Pay BlackShield customers’ locked-up cash – PPP to government 

June 28, 2022

Nana Kwaku Boateng lll takes over as new Omanhene of New Juaben [Photos]

June 28, 2022

Former toll booth workers take on gov’t over delay in employing them

June 28, 2022
Load More
ADVERTISEMENT
Citinewsroom – Comprehensive News in Ghana

CitiNewsroom.com is Ghana's leading news website that delivers high quality innovative, alternative news that challenges the status quo.

Archives

Download App

Download

Download

  • About Us
  • Contact Us
  • Photo Gallery
  • Privacy Policy
  • Terms of Use
  • Citi TV

© 2021 All Rights Reserved Citi Newsroom.

No Result
View All Result
  • Home
  • News
  • Business
  • Sports
  • Showbiz
  • Coronavirus
  • Infographics
  • Livestream
  • Videos

© 2021 All Rights Reserved Citi Newsroom.

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT