Managing Director of the World Bank Group , Dr Ngozi Okonjo-Iweala,
has adviced that Ghana focuses on diversifying her economy, using the expected revenue from oil and gas for socio-economic development.
She said transparency, accountability, human resource development and use of local content in the oil and gas industry should be key in managing the resources for development.
Dr Okonjo-Iweala was interacting with journalists in Accra on Tuesday, at the end of her two-day official visit to the country.
She expressed confidence in the country's economic potentials and stressed that Ghana could practice value-added agriculture to create more jobs especially for the youth.
Dr Okonjo-Iweala noted that Ghana was exporting a million dollars of horticultural products annually, adding that recently the exports had tripled, which is a sign of major improvement in the sector.
On the economic potential of the African continent, she said countries needed to focus on how to mobilize domestic resources to support private sector growth.
Dr Okonjo-Iweala said the socio-economic potential of the continent was under utilized and that only 44 per cent of the land was used for agriculture with only 11 per cent of farmers using improved seeds.
She however expressed optimism that the situation could be reversed, stressing the need to use improved agriculture as a means for development.
Source: GNA
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
Latest Stories
-
If Ibrahim Traoré goes civilian, it may be because of Mahama’s inauguration – Prof Abotsi
12 minutes -
Kwaku Asare welcomes Mahama’s reduction in Ministries but advocates legislative process to cement it
38 minutes -
I’m concerned about failure to implement AWW report – Prof Abotsi
56 minutes -
US returns $50m in alleged stolen funds to Nigeria
1 hour -
Mahama restructures Ministries, reduced from 30 to 23 – See full list
1 hour -
2 siblings die after being locked in water drum by 6-year-old sister
2 hours -
Mahama shouldn’t have openly directed Parliament to elect Speaker – Prof. Kwaku Asare
2 hours -
Daily Insight for CEOs: The power of delegation – Empowering leaders within your organization
2 hours -
Livestream: Newsfile discusses inaugurations, prisoner pardon and failed CJ petition
2 hours -
Revisiting the forensic audit EC will increase credibility of future elections – Omane Boamah
4 hours -
Africa Food Systems Parliamentary Network urges governments to increase investment in agriculture
12 hours -
AU and partners urge youth to get involved in efforts to transform continent’s food systems
12 hours -
Fire kills 3-year-old at Asawase-Dagomba Line in Ashanti Region
13 hours -
Paskal A.B. Rois: How Mahama inspires me
13 hours -
Complete abandoned projects in Akatsi North District – Chiefs to Mahama
13 hours