{"id":409149,"date":"2018-03-12T15:26:45","date_gmt":"2018-03-12T15:26:45","guid":{"rendered":"http:\/\/citifmonline.com\/?p=409149"},"modified":"2018-03-12T15:26:45","modified_gmt":"2018-03-12T15:26:45","slug":"nana-addo-more-visionary-than-recent-ghanaian-leaders-us-ambassador","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2018\/03\/nana-addo-more-visionary-than-recent-ghanaian-leaders-us-ambassador\/","title":{"rendered":"‘Nana Addo more visionary than recent Ghanaian leaders’ – US Ambassador"},"content":{"rendered":"

US Ambassador to Ghana, Robert Jackson, believes the execution of President\u2019s Nana Akufo-Addo vision is more likely to propel Ghana\u2019s growth at a faster rate as compared to the\u00a0plans of past presidents.<\/p>\n

In the Ambassador’s view, President Akufo-Addo is “more visionary than some recent Ghanaian leaders.”<\/p>\n

[contextly_sidebar id=”yua8RAVKO876k5VNshJALLDMHzlzlTQO”]Commenting on the Akufo-Addo administration’s ‘Ghana Without Aid’ agenda on\u00a0online news portal, Ghanaweb’s 21 Minutes show,\u00a0Mr. Jackson was optimistic that “Ghana will get beyond aid and I think it will happen sooner rather than later.”<\/p>\n

In the interview, he noted that despite being a long-term plan, the one-district-one-factory policy is key to this vision.<\/p>\n

“President Akufo-Addo\u2019s vision of one-district-one-factory may not be realized within his first term or even his first term, if he get\u2019s one. But the idea is exactly what is needed to get beyond aid; that you have to industrialize, that you build your industrial base, that you create jobs so that people do not want to trek across the desert and be potentially enslaved in Libya or even if they make it to Libya, drown in the Mediterranean.”<\/p>\n

The one-district-one-factory initiative is intended to leverage the private sector to set up at least one medium to large scale industrial enterprise in each district of Ghana.<\/p>\n

The government’s hope is that this will equip and empower communities to utilize their local resources in manufacturing products in a bid to increase agricultural and manufacturing output, reduce reliance on imports and increase the production of consumer goods and food availability.<\/p>\n

For Mr. Jackson, the current administration’s willingness to\u00a0rely on private sector for development is more critical to an economic turnaround.<\/p>\n

“I think ex-president Mahama had a vision too, so I want to give him credit where credit is due, his emphasis was on infrastructure, which is very important \u2013 schools, clinics, hospitals, roads; President Mahama did a lot for this country,\u201d he said.<\/p>\n

\"President
President Nana Akufo-Addo<\/figcaption><\/figure>\n

But in the Ambassador’s view, President Akufo-Addo\u2019s decision to “make the private sector the engine of growth rather than government being the driving force is how I see the difference between the two of them. Both of them had visions for the country, I think President Akufo-Addo\u2019s vision of private sector-led growth is likely to create more jobs and propel the economy forward faster than the infrastructure investments, but the infrastructure investments were important.\u201d<\/p>\n

Ghana’s growth prospects<\/strong><\/p>\n

As evidence of the progress of the economy, President Akufo-Addo, during his 2018 State of the Nation address, cited the strong trajectory of the\u00a0Ghana Stock Exchange Composite Index in January 2018, which gained 19 percent in dollar terms, according to benchmarks tracked by Bloomberg.<\/p>\n

The World Bank has also projected that\u00a0Ghana\u2019s economy will probably grow by 8.3 percent this year, which will be the fastest in the world in 2018.<\/p>\n

The President said he expects these improving macroeconomic indicators to usher Ghana out of the International Monetary Fund programme later this year, after his administration extended the 2015 programme.<\/p>\n

–<\/p>\n

By: Delali Adogla-Bessa\/citifmonline.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"

US Ambassador to Ghana, Robert Jackson, believes the execution of President\u2019s Nana Akufo-Addo vision is more likely to propel Ghana\u2019s growth at a faster rate as compared to the\u00a0plans of past presidents. In the Ambassador’s view, President Akufo-Addo is “more visionary than some recent Ghanaian leaders.” [contextly_sidebar id=”yua8RAVKO876k5VNshJALLDMHzlzlTQO”]Commenting on the Akufo-Addo administration’s ‘Ghana Without Aid’ […]<\/p>\n","protected":false},"author":14,"featured_media":409166,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[10,11],"tags":[3,128,156,3383,3144,17822],"yoast_head":"\n'Nana Addo more visionary than recent Ghanaian leaders' - US Ambassador - Citi 97.3 FM - Relevant Radio. 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