Audio By Carbonatix
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:
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.
Latest Stories
-
Uproar as UG fees skyrocket by over 25% for 2025/2026 academic year
46 minutes -
Japan PM joins fight for more female toilets in parliament
2 hours -
Ga Mantse declares war on fishing industry child labour
2 hours -
Adom FM’s ‘Strictly Highlife’ lights up La Palm with rhythm and nostalgia in unforgettable experience
3 hours -
OMCs slash fuel prices as cedi gains
4 hours -
Around 40 dead in Swiss ski resort bar fire, police say
5 hours -
AFCON 2025: Aubameyang and Nsue make history among oldest goalscorers
6 hours -
AFCON 2025: How Kwesi Appiah’s Sudan qualified for round of 16 without scoring any goal
7 hours -
Ghana is rising again – Mahama declares
7 hours -
Firefighters subdue blaze at Accra’s Tudu, officials warn of busy fire season ahead
8 hours -
Luv FM’s Family Party In The Park ends in grand style at Rattray park
8 hours -
Mahama targets digital schools, universal healthcare, and food self-sufficiency in 2026
8 hours -
Ghana’s global image boosted by our world-acclaimed reset agenda – Mahama
8 hours -
Full text: Mahama’s New Year message to the nation
8 hours -
The foundation is laid; now we accelerate and expand in 2026 – Mahama
8 hours
