Audio By Carbonatix
Renowned Ghanaian businessman, Dr. Kofi Amoah is suggesting a tripartite arrangement between the public sector, academia and industry to create what he terms, ‘a gigantic machinery for job and wealth creation’.
He says the machinery should be the vehicle through which the country can add value to its natural resources.
Dr. Amoah also known as Citizen Kofi explained that this can be achieved by a deliberate policy of using research information from higher institutions of learning to feed industrial processing.
Citizen Kofi was addressing students at the KNUST on the topic: “Higher Education; how can it be made relevant to the socio-economic development of Ghana”.
He said “your natural resources can and should be the bedrock to jumpstart economic development. But it can only do that if you understand how to create higher value from the natural resources.
“One ounce of raw gold will fetch you approximately 1,500 dollars on the New York Stock Exchange. That same ounce of gold can be used to produce 60,000 dollars worth of jewelry.”
Dr. Amoah bemoaned the situation where we sell the raw materials and allow other countries to acquire the value chain that creates the higher value.
He stressed the need to process and add value to products such as gold so as to create employment for chemists, design artists, packaging and marketing specialists.
Story by: Kofi Adu Domfe/Luv FM/Ghana
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
-
STEMAIDE Africa launches four STEM kits to promote practical STEM education and AI skills
17 seconds -
China’s development inspires Volta chiefs
1 minute -
British-Ghanaian rapper Sway DaSafo reportedly dies at 44
4 minutes -
JoyNews Republic Bank Habitat Fair returns with 3rd clinic set for September 25- 27 at Junction Mall
21 minutes -
SSNIT urges pensioners to use digital channels to access services
40 minutes -
Photos: Ghana hosts Japanese astronaut for talks on space science and technology
42 minutes -
NPP backs constitutional restrictions on MPs serving on public boards and procurement bodies
48 minutes -
Government must treat child protection as national priority – Plan International
49 minutes -
ActionAid launches campaign to amplify voices of mining communities
49 minutes -
Government not afraid of media criticism – Kwakye Ofosu
55 minutes -
King Charles warns of ‘existential danger’ of AI falling into wrong hands
57 minutes -
Senior nursing officer remanded for 2 weeks over alleged links to ‘Ghana Jollof’ TikTok Account
1 hour -
KNUST urges stronger integration of climate science, AI and environmental stewardship
1 hour -
Ghana, Japan explore deeper cooperation in space science and technology
1 hour -
Listen to TUC, chiefs, professional bodies on constitutional reforms – NPP to NDC gov’t
1 hour