BUSINESS: "Place Considerable Value On What We Produce And Trade Internationally" - Ken Ofori Atta
The Minister of Finance, Ken Ofori Atta says the country will be able to achieve the Ghana Beyond Aid agenda if the citizenry place considerable value on what it produces and trades to the International Market.
According to him, for centuries, the realities have been that when it comes to getting value for the world that Africa own and produces, the NPP government and people gets far less than what it deserves.
Addressing Journalists in Accra, he said "We are placed at the bottom of the list of our own riches, whether it is gold or Cocoa or timber, bauxite or diamond, the story is the same. It is predominantly that our value expansion ends at a point where these leaves our shores"
He added that the largest increase in value of the country's resources occurs exactly when it leaves the shores of Ghana.
"The raw resources leaves our country and is converted into either refined products or monetize securities. 500 tonnes of gold are traded every day than mined. Much of this happens in countries that have little gold themselves. President Akufo-Addo is clear in his mind that to achieve a Ghana Beyond Aid, we must add considerable value to what we produce and trade" he mentioned.
The Finance Minister further hinted that the country fails to see these values because when accessing the effectiveness of policies and legislation, the citizenry limits the extent of expectations to its national borders.
Story by: Joshua Kwabena Smith