Ghana is on the Verge of Economic Breakthrough - Akufo-Addo

-

President Akufo-Addo has instilled confidence in Ghanaians by affirming that the nation is on the brink of a significant economic breakthrough. 

During the Independence Day Parade, he outlined key government initiatives aimed at propelling the country towards transformation.

Related To This: Koforidua to Host 67th National Independence Day Celebration

Highlighting the strides being made, President Akufo-Addo mentioned the strategic partnerships forged by the Ghana Integrated Aluminium Development Corporation (GIADEC) for the construction of a new alumina refinery and the development of mines at Nyinahin-Mpasaaso as part of the Integrated Aluminium Industry (IAI) projects.

The President expressed pride in the recent agreements signed in Accra, signaling progress in the bauxite sector. He emphasized that these partnerships will mark the end of exporting raw bauxite from Ghana, as the country gears up to refine its mined bauxite to produce alumina for domestic use and export to the downstream aluminium industry.


Anticipating a significant impact on industrialization, President Akufo-Addo underscored the importance of producing components for various sectors, including automotive, aerospace, construction, and household goods. He emphasized that this shift will create employment opportunities and enhance value addition across the bauxite/aluminium value chain.

READ ALSO: Parliament to Use Local Languages

Additionally, the President highlighted the Ada Songhor Salt project led by Electrochem Salt Mine Ltd as another transformative initiative. With plans to become Africa's largest salt producer, the project aims to boost commercial salt production significantly.

President Akufo-Addo's optimism about these initiatives stems from meticulous planning and dedication to getting things right. He believes that these efforts, combined with other government initiatives, will usher in a new era of economic prosperity for Ghana.

While Ghana has been navigating economic challenges and seeking IMF assistance, President Akufo-Addo reiterated the importance of staying committed to the bailout program. The IMF has stressed the need for Ghana to implement structural reforms effectively to maximize the program's benefits and overcome revenue shortfalls.

READ ALSO: SONA 2024: Ghana to Launch Performance Tracker for Government Projects

Comments

Post a Comment

Popular posts from this blog

AFCON 2023: Cape Verde Beats Ghana To Top Group B

-
Image
Gary Rodrigues emerged as the hero for Cape Verde, scoring a late goal in added time to secure a 2-1 won over Ghana in their opening game at the 2023 Africa Cup of Nations (AFCON). After this back-and-forth match, the outcome left Ghana reeling and considering their next course of action. Related To This: AFCON 2023: The Outcome Was Really Disappointing To Us - Chris Hughton on Losing To Cape Verde Drama erupted early in the match as Jameiro Monteiro scored Cape Verde's first goal in the 17th minute after Richard Ofori tripped. To the delight of their supporters, Cape Verde held their lead throughout the first half despite Ghana's relentless play in the final third. The contest saw Majeed Ashimeru's disallowed goal, as Ransford-Yeboah's involvement was deemed offside, denying Ghana the chance to level the score early on. However, the Black Stars entered the second half with renewed vigor, with Djiku scoring the equalizer from a corner. Djiku continued to play a heroic ...
Read more

Former US Officials Reaffirm Strong Support for Taiwan Following Presidential Election

-
Image
(Photo Credit: cnn) Despite China's threats, former top US officials flew to Taiwan to reiterate Washington's unwavering support for the island after it chose a president Beijing loathed. Lai Ching-te, the leader of the Democratic Progressive Party (DPP), was elected to an unprecedented third term in government. Beijing was outraged by this, and ties between the US and China were strained as a result. Related To This: Nauru Cuts Ties with Taiwan and Recognizes China While visiting Taiwan, former US national security advisor Stephen Hadley congratulated the island nation on its election triumph and hailed its democracy as a "shining example for the world". Hadley emphasized that the next administration will uphold the United States' strong commitment to Taiwan and the two nations' ongoing partnership. (Photo Credit: cnn) Congratulating Lai and the people of Taiwan, US Secretary of State Antony Blinken emphasized the robustness of Taiwan's democratic system...
Read more

Parliament Summons Transport Minister Over Extra $20 Charge at KIA

-
Image
Minister for Transport, Kwaku Ofori Asiamah, has been called to provide urgent explanations to Members of Parliament (MP) regarding a purported new charge imposed by the Ghana Airport Company (GACL) as maintenance fees. Related To This: British Airways Engages With Government on High Operating Costs At KIA Effective May 1, 2024, passengers traveling through Kotoka International Airport in Accra will be mandated to pay a $20 fee for maintenance purposes and to assist in covering the costs of baggage belt repairs. A letter from the management of GACL to the Chairperson of the Airport Operators Committee of Kotoka International Airport revealed the introduction of a new fee for departing travelers. Dated March 11, 2024, and signed by the Managing Director of Ghana Airports Company Limited, Yvonne Nana Afriyie Opare, the letter outlined that the fee would apply to all round-trip tickets. Alongside the announcement of the $20 round-trip airline ticket fee, GACL specified that $10 of the fe...
Read more