News
Use 24-hour economy as stimulant to solve Ghana’s productivity issues – Ofosu-Dorte
David Ofosu-Dorte, Senior Partner at AB & David Africa, has emphasized that the Mahama administration’s 24-hour economy policy should serve as a catalyst for addressing Ghana’s longstanding productivity challenges.
According to him, for the policy to yield meaningful results, it must be strategically implemented to boost productivity, as inefficiencies remain a major hurdle in the Ghanaian economy.
“If you stimulate demand and you match it with a 24-hour economy, then you are increasing supply and you’re increasing productivity. That is what you do in a country that has low productivity,” Ofosu-Dorte told Bernard Avle on the Citi Breakfast Show on Monday, February 10.
The president said the initiative is “a deliberate policy to encourage and support businesses and public organizations to operate 24/7 in three shifts of eight hours to boost production, promote productivity and generate well-paying jobs – aimed at transforming Ghana into an import substitution and export-led economy.”
Meanwhile, Ofosu-Dorte observed that if the President fails to pull along all his appointees on the path of his vision, it would be a “lonely walk to nowhere”.
For him, “there should be central direction” and a great effort to carry the whole nation along in his bid to reset the economy.
Source: Citinewsroom.com
The Chairperson of the Public Accounts Committee (PAC) Abena Osei Asare has expressed concerns about the failure of the Administrator of the Ghana Education Trust Fund (GETFund) Mr. Paul Adjei to honour invitation of the Committee to assist in dealing with abandoned projects cited in the 2024 Auditor-General’s report.
She emphasised that some of the projects have been abandoned for more than 20 years and it kept reoccurring in the Auditor-General’s report yearly, stressing that the GETFund Administrator could assist by prioritising these projects.
However, he has failed to personally appear before the Committee since the commencement of the Committee’s public hearing in the 9th Parliament.
According to the 2024 Auditor-General’s report on Pre-University Educational Institutions, nine (9) Institutions with 16 projects awarded by the GET Fund Secretariat had been abandoned/delayed for a period ranging between three (3) and 28 years.
Some of the affected schools include Adanwomoase Senior High School (Boys and Girls dormitory abandoned for 12 years), Atoa Senior High School (Home Economics Block abandoned for 27 years), Beposo Senior High School (Dinning Hall and Kitchen Complex abandoned for 10 years and lastly KNUST Senior High School (Three storey classroom block abandoned for 20 years).
The Parliamentary Select Committee on Energy continued its oversight responsibilities with a working visit to the National Petroleum Authority (NPA) yesterday.
Chairman of the Committee, Emmanuel Kwasi Bedzrah, said the visit formed part of efforts to familiarize members with the Authority’s operations and to explore ways Parliament could provide the necessary support.
He explained that the NPA’s work is focused on regulating Ghana’s downstream petroleum sector, a critical area for national energy security.
Mr. Bedzrah noted that the Committee is particularly interested in assessing whether the country has adequate petroleum stock to meet demand.
He noted that rising geopolitical tensions, including the ongoing US–Iran conflict, could have adverse effect on Ghana’s energy supply and pricing.
He further disclosed that the Committee intends to engage closely with the Authority on a proposed new petroleum bill.
According to him, a draft of the legislation will be reviewed and possibly presented to Parliament under a certificate of urgency.
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