President Akufo-Addo has highlighted the need for value addition to the raw materials produced in the country to be able to achieve a resource-based industrialise economy.
According to him, value addition is the surest way for the country to attain a self-sustaining economy.
“Adding value to our raw materials is also key to industrialization, prosperity and jobs. It is unacceptable that, even though we produce in West Africa 65% of cocoa beans in the world, we earn only between 3.5% and 6% of the final price of a chocolate bar. Value addition is, therefore, imperative if we are to maximize the potential to pursue resource-based industrialization,†the President made this statement at the 61st-anniversary celebration of Ghana.
President Akufo-Addo also called on Ghanaians to take advantage of the digital world as government is undertaking deliberate policy reforms to digitize Ghana to a formalize economy.
“We now live in a digital world and to be competitive, we have to be a part of and take advantage of digitization. Since assuming office last year, we have undertaken deliberate policy reforms to digitize Ghana to formalize our economy.â€
“The national identification and address system, the drivers licence and vehicle registration, the paperless operation at the ports, inter-operability of payment system in the financial sector are all geared towards modernizing our economy and we should begin to feel the difference when all these measures become operational later this year,†he added.
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