Connect with us

Business

Professional groups say 24-hour economy is doable

Published

on

Professional bodies who recently met former President John Dramani Mahama during his building Ghana tour to the Eastern Region have embraced the 24-hour economy policy idea and believe that implementing it is feasible.

According to them, there is a need to introduce the right strategies and investments to successfully transition Ghana into a 24-hour economy, as it would bring significant economic benefits and opportunities for growth.

Over 300 people from various professional organisations attended the meeting, where they had the opportunity to engage the former President, who is also the flagbearer of the National Democratic Congress, and share their thoughts and recommendations.

Among them were representatives from the Ghana National Association of Teachers (GNAT), Coalition of Concern Teachers (CCT), Artisans, Democratic Health Team, Ghana Union of Traders Association (GUTA), Union of Professional Nurses and Midwifery Ghana (UPNMG), Ghana Bar Association, and university associations, among several other groups.

Ms. Enyonam Gokah from the Democratic Health Team indicated that the successful implementation of this policy idea has the potential to create many new jobs and boost productivity across different sectors of the economy.

She stressed that when the NDC returned to power, there was a need to improve the health system, develop robust infrastructure, and prioritise the welfare of healthcare workers.

She also urged the need to address the issue of health workers’ salaries and nursing trainee allowances to alleviate the strain on the health system caused by the migration of healthcare professionals seeking better opportunities abroad.

Mr. Harry Oduro Awuku, Eastern Regional Chairman of the Ghana Union of Traders Association (GUTA), expressed his appreciation for Mr. Mahama’s proposal to revive the economy.

He said the policy aligned with GUTA’s aspirations of dealing with Ghana’s challenging economic situation and improving business performance.

He was hopeful that their worries regarding multiple nuisance taxes and complicated tax payment procedures would be resolved once the NDC returned to power.

During his remarks, Mr. Mahama pointed out several key factors that would contribute to the success of the 24-hour economy: ensuring safety and security, establishing a reliable transport system, maintaining economic stability, and reducing production costs.

“You cannot run a 24-hour economy in an unsafe environment; there must be a good transport system, economic stability, and a lower cost of production, and we will put these systems in place to ensure it works perfectly,” he said.

According to him, there will be a decrease in tax rates, and a probe will be initiated into the COVID-19 funds.

In addition, there will be a focus on strengthening the fight against corruption and addressing the pressing issue of unemployment. 

He said the implementation of the 24-hour economy would optimise the utilisation of economic resources.

“This policy will ensure we produce goods and services day and night each day, week, month, and all year round,” he added.

In an interview with the Ghana News Agency, Mr. Bernard Oduro, a member of the Coalition of Concern Teachers (CCT), expressed his appreciation for the NDC flagbearer’s commitment to prioritising education issues and removing bottlenecks bedeviling it.

He also expressed admiration for Mr. Mahama’s visionary plan to build more classroom blocks connected to housing for teachers and improve teachers’ allowances to make the teaching profession more attractive.

Source: GNA

Business

Ghana to enjoy 5G internet services from September – Communications Minister

Published

on

Minister for Communications and Digitalisation, Ursula Owusu-Ekuful has confirmed that 5G network service will be active in Ghana starting September 2024.

Appearing as a guest on Peace FM’s Kokrokoo morning show on Wednesday, March 20, 2024, the minister was emphatic in her response when the host, Kwame Sefa Kayi questioned her on when the 5th generation of mobile network service will be available for consumers in Ghana.

“Ghana will get a 5G internet connectivity in September 2024,” she stressed.

5G succeeds previous generations of 1G, 2G, 3G and 4G. It represents the latest advancement in wireless technology, offering significantly faster data speeds, lower latency, and increased capacity compared to its predecessors.

Ghana currently runs on 4G which is considered slow and outdated in the face of current technological advancement.

The minister’s confirmation comes on the back of a recent cut in internet services in Ghana and some other West African states.

The incident according to the National Communications Authority (NCA) is a result of some seismic activities which led to a cut in undersea fibre optic cables delivering internet to West Africa.

According to the NCA, the issue will take not less than five weeks to fix. Meanwhile, service providers such as telecommunication networks have switched to alternate sources to give their customers more stable network.

Continue Reading

Business

We need to eat locally produced commodities – Chrysantus Akem –

Published

on

Programme Coordinator of Technology for African Agricultural Transformation (TAAT), Chrysantus Akem, has said it is about time Africa consumes food commodities that are locally manufactured.

According to him, towing this path will cut the huge sum of money that goes into the importation of foodstuffs, including rice and poultry, among others.

Speaking at the launch of TAAT Phase II in Accra on Wednesday, March 20, 2024, Mr Akem noted that about US$35 billion is spent every year on the importation of food.

“Eat what you produce and produce what you eat because right now, it is estimated that we are spending about US$35 billion every year importing foods. This has to stop. We have to make sure that these amounts are diverted to other sections of the economy instead of importing food like rice that we can grow,” he said.

Citing Ghana as an example, Chrysantus Akem stated that the government can focus on soybeans as oil can be extracted from this essential commodity for both local use and exportation.

He further pointed out that the TAAT Phase II focuses on five commodities including maize, soybeans, vegetables, and fish.

“Maize is a commodity we know is consumed across the country. The key thing that we’re bringing are high-yielding varieties that can yield 5 to 6 tonnes per hectare compared to the 1 to 2 tonnes per hectare that the varieties are yielding. In addition to that, we also want to encourage the consumption of pro-vitamin A meals so that we can move from food security to nutrition security. That’s the first commodity,” the TAAT Coordinator stated.

He added that, “the next one that we’re bringing in is soybean. Ghana grows a lot of soybeans. We want to focus on soybean to extract oil… The other commodity is vegetables. Vegetables are the new ones we are bringing in… and fish.”

The launch of the Phase II of the Technology for African Agricultural Transformation programme gives researchers, policymakers, farmers, donor partners, and all stakeholders in the agricultural value chain the opportunity to move closer towards achieving greater agricultural productivity and food security in the sub-region.

The initiative aims at supporting countries in the region to improve crop, livestock, and fish productivity.

TAAT Phase II is expected to expand access to adaptive and proven technologies to more than 40 million smallholder farmers across Africa by 2025, as well as, generate an additional 120 million tonnes of food.

Continue Reading

Business

Government committed to paying GH¢6.5bn DACF arrears – Osei-Asare assures

Published

on

Outgoing Deputy Finance Minister, Abena Osei-Asare, has acknowledged that the government currently owed arrears due to be paid into the District Assemblies Common Fund (DACF).

She pledged that the government’s commitment to resolving the outstanding debt.

Benjamin Kpodo, Ho Central Member of Parliament, raised the issue of non-payment of statutory allocations into the fund, alleging that a total amount of GH¢6.5 billion was yet to be transmitted.

The MP, who is also the Deputy Ranking Member of the Local Government Committee of Parliament, highlighted that the Ministry of Finance’s delay in releasing funds, in violation of constitutional mandates for quarterly disbursements, has left the Common Fund significantly underfunded.

Speaking in Parliament during discussions on the proposed DACF distribution formula for 2024, Mr Kpodo stressed the urgent need for the government to fulfil its financial obligations to local authorities.

“The Ministry of Finance has been violating the Constitution. Article 252(2) clearly states that the disbursement should be done on a quarterly basis, which they were not doing. As we speak now, the Common Fund is being owed some GH¢3.5 billion over the past two years”, Mr Kpodo said.

“For 2023, the debt has again risen by another GH¢3 billion. So, I don’t know where the Ministry of Finance is keeping the money meant for the District Assemblies Common Fund,” he added.

Continue Reading

Trending