President John Mahama says Ghana will seek to benefit immensely from opportunities offered it by joining the Development Centre of the Organization for Economic cooperation and Development (OECD).
The Organization for Economic Cooperation and Development is a unique forum where the governments of 34 democracies with market economies work with each other, as well as with more than 70 non-member economies to promote economic growth, prosperity, and sustainable development.
Ghana becomes the 50th member of OECD’s Development Centre after the organization accepted the country’s membership.
At a ceremony to mark the occasion in France, President Mahama said Ghana’s positive economic achievement places it in good position to soar higher in the near future.
He expressed optimism about government’s economic policies and how joining the organization will positively impact on the nation.
“The benefits and opportunities available to our developing country as a member of this development centre are obvious; that explains the importance we attach to the vision of the centre to promote policies to improve the economic and social wellbeing of our citizens” President Mahama indicated.
According to President Mahama, in applying to join the organization, Ghana is mindful of the many benefits and hence will work towards maximizing them for the benefit of its citizens.
“As President, my satisfaction is the opportunity the centre offers to share experiences with member nations”, President Mahama told the gathering that witnessed Ghana’s acceptance as a member of the organization.
He noted with satisfaction the many reviews the centre had previously conducted on Ghana and expressed optimism that with Ghana now becoming a fully fledged member, there would be more opportunities.
The Organization provides a setting where governments can compare policy experiences, seek answers to common problems, identify good practices and coordinate domestic and international policies.
For more than 50 years, the OECD has been a valuable source of policy analysis and internationally comparable statistical, economic and social data.
Over the past decade, the OECD has further deepened its engagement with business, trade unions and other representatives of civil society.
The U.S. Council for International Business (USCIB) represents the views of America’s private sector through its participation in the OECD’s Business and Industry Advisory Committee (BIAC). The U.S. trade union’s interests are represented on the OECD’s Trade Union Advisory Committee by the American Federation of Labor and Congress of Industrial Organizations (AFL-CIO) (USA).
Currently, OECD member countries account for 63 percent of world GDP, three-quarters of world trade, 95 percent of world official development assistance, over half of the world’s energy consumption, and 18 percent of the world’s population.
Together with its sister agencies, the International Energy Agency (IEA) and Nuclear Energy Agency (NEA), the OECD helps countries – both members and non-members – reap the benefits and confront the challenges of a global economy by promoting sound energy policies that promote economic growth; energy security; free markets; efficient use of resources to reduce environmental impacts and preserve our climate science and technology innovation.
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By: Richard Mensah/citifmonline.com/Ghana