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
-
Labour Minister wants SOEs to help shape new public pay system
2 hours -
IPEC will ensure Equity and Sustainability in SOEs Compensation
3 hours -
White House bars CNN from travelling with Trump on Air Force One
3 hours -
Fennis wins second consecutive ITF J60 title in Accra
3 hours -
Spain beat England in thriller after Kane penalty miss
3 hours -
GPL 2026/27: Zaidan’s late goal ends Hearts of Oak unbeaten start
4 hours -
CEOs demand clarity on pay harmonisation, board autonomy as FWSC engages SOEs bosses over IPEC transition
4 hours -
2026 Women’s Super Cup: FC Savannah, Epiphany Warriors maintain top spots ahead of final group games
4 hours -
‘Is EOCO responsible for determining lawyers’ fees?’ – Baffour Awuah
4 hours -
David Beckles claims second J60 Accra title
4 hours -
No France cocaine suspect linked to Mahama, Vice President’s security details – NACOC
4 hours -
Anwelle Foundation launched in Jirapa to tackle poverty, youth unemployment
5 hours -
Joy Sports Editor Fentuo Tahiru Fentuo to moderate inaugural Music Meets Football Summit in Zambia
5 hours -
Court premises too volatile for Baffour Awuah’s attempted arrest by EOCO – Inusah Fuseini
5 hours -
Drug bust: Under no circumstances will NACOC leadership be compromised – Twum-Barimah
5 hours