Dr. Kingsley Yeboah Amoako, who is also the founder and president of the African Center for Economic Transformation (ACET), has emphasized that instead of taking shortcuts, transforming Ghana's economy requires commitment and action.
He offered the remarks during a feature address at the second KB Amissah-Arthur Commemoration address held at the Cedi Hall at the College of Ghana.
During his location, Dr Yeboah Amoako featured a few guides to draw motivation from with regards to financial techniques that will prompt changing a nation's economy.
He highlighted nations like Korea, Malaysia, Mauritius, and South Africa as models that have set out on fruitful change ventures.
He went on to say that knowing what works and what doesn't in Africa is crucial.
He says that increasing productivity, increasing competitiveness in international markets, and diversifying production and exports are essential components of successful transformation strategies.
“We know what it takes to transform; other countries have done it, most notably in Asia, where Korea, Malaysia, and others serve as models for us to follow. However, we also have some examples from our own continent, such as Mauritius and South Africa, that have begun the transformation process. In Africa, we know exactly what works and what doesn't.
"We know that all nations regardless of their one of a kind conditions, should differentiate creation and commodities, further develop seriousness in worldwide business sectors and lift efficiency, particularly work efficiency, overhaul innovation across ventures and work on human prosperity through wages and better positions. these are the essential parts of fruitful change systems.
I don't have to tell you that there are no shortcuts to the solutions we seek; however, we do require commitments and action, not shortcuts.
The lecture dealt with the subject of "Economic Policy Making in Ghana: The Way Forward and the Lessons Learned It aimed to illuminate previous policymaking experiences and plot a course for Ghana's economic development in the future.
Tags
News