President John Dramani Mahama has outlined a complete plan to show the Volta Lake into one of many drivers of the 24-hour economic system coverage.
The President revealed that he had acquired an entire draft of the 24-hour economic system coverage from the secretariat and one of many boldest suggestion in that doc was the development of the Volta Lake Economic Hall.
“This hall, centred on the Volta Lake and the Volta Basin, will develop into a nationwide manufacturing zone and logistics fund. The plan envisions cultivating over two million hectares of arable lakeside land, revitalising the fishery sector on the lake, and creating a series of business parks that produce items for home and regional markets,” the President outlined.
He made this identified on the Presidency in Accra yesterday when he held a multi-sectorial engagement on the implementation of the 24-hour economic system coverage.
The engagement delivered to the seat of government members from state businesses, personal sector firms, associations and federations, and development companions.
To assist the Volta Lake hall, President Mahama stated the lake can be activated as a transport freeway, shifting meals, individuals and items extra effectively than the congested roads may do at the moment.
New floating belongings, lake ports and long-term funding partnerships, he stated can be developed in coordination with the Volta River Authority and the personal sector.
“We should transfer past simply hydropower and unlock the broader financial potential of this lovely nationwide asset,” he acknowledged.
The President stated he had reviewed the 24-hour economic system draft coverage and was assured “we now have a coherent and actionable framework with which to ship the outcomes”.
In keeping with President Mahama, an efficient catalyst for the 24-hour economic system coverage can be a steady macroeconomic surroundings, which is being achieved by shut coordination between the financial and monetary authorities.
“At its core, it’s an built-in worth chain transformation strategy. This strategy addresses structural bottlenecks not in isolation, however comprehensively by infrastructure, finance, land techniques, logistics and abilities growth,” he stated.
The 24-hour economic system programme, he defined identifies precedence worth chains throughout all areas, together with agro-processing, prescribed drugs, textiles, mild manufacturing, tourism, digital companies and the artistic economic system.
There have been detailed plans, he stated, to develop industrial parks, logistics hubs and improve transport hyperlinks, scale up worth chain finance for SMEs, cooperatives and agribusiness in precedence sectors, develop native land banks, zoned, titled and investment-ready to scale back any delays and uncertainty to buyers, practice younger individuals for shift-based work, and tax reliefs on equipment and inputs.
Every district, the President stated would set up its personal 24-hour implementation job drive, to permit every area to outline and lead its path of business transformation primarily based on its pure comparative benefits.
For her half, the Minister of Commerce, Agribusiness and Business, Elizabeth Ofosu-Adjare, inspired industries to signal onto the coverage whether it is lastly rolled out.
Anchored on two pillars – manufacturing and agribusiness – Mrs Ofosu-Adjare stated the 24-hour economic system coverage affords the platform to create sustainable jobs.
BY JULIUS YAO PETETSI
