Saturday, February 4, 2023
  • Home
  • News
    • Sector News
    • District News
    • World News
  • Speeches
  • GhanaToday Magazine
  • Creative Arts
  • Sports
  • Contact
No Result
View All Result
GhanaToday
  • Home
  • News
    • Sector News
    • District News
    • World News
  • Speeches
  • GhanaToday Magazine
  • Creative Arts
  • Sports
  • Contact
No Result
View All Result
GhanaToday
No Result
View All Result

Government Continues to Invest in the Future Despite Economic Challenges

Government Continues to Invest in the Future Despite Economic Challenges

by GhanaToday
March 30, 2022
in News
0
President Nana Addo Dankwa Akufo-Addo

President Nana Addo Dankwa Akufo-Addo

">
ADVERTISEMENT

President Nana Addo Dankwa Akufo-Addo has said despite the harsh economic environment in the country, government would continue to invest in the Ghanaian child for a better future for all.

President Akufo-Addo said government would continue to invest in education to helpthe Ghanaian child develop the needed skills to run a modern and digitalized economy.

The Free SHS and Free TVET, according to the President, were the best vehicles that would enable the country to realize its goal of an educated and skilled workforce in the future.

Delivering the Message on the State of the Nation in Parliament on Wednesday, President Akufo-Addo said the new measures recently announced by the Minister for Finance, showed that government was aware of the economic difficulties, and was committed to addressing them.

President Akufo-Addo said the negative effects of COVID-19 on the economieswhich have been aggravated by Russia invasion of Ukraine,were worsening the economic outlook of the entire world, including Ghana.

">
ADVERTISEMENT

The President said data from the Ministry of Finance showed that GH¢17.7 billion (or 4.6% of GDP), has been spent on measures to contain the pandemic since 2020.

He said the terrible events in Ukraine have had a direct impact on the lives of Ghanaians as 30% of wheat flour and fertilizer imports come from Russia, 60% of iron rods and other metal sheets are imported from Ukraine, and almost 20% of Ghana’s manganese is shipped to Ukraine.

In spite of the country’s economic challenges, President Akufo-Addo said the Technical and Vocational Education and Training (TVET) institutions have been upgraded and equipped to enable them to train the increased numbers of children attracted to the sector to develop the skill set of the youth for employable jobs.

He hinted that he would commission some 34 refurbished National Vocational and Technical Institutes (NVTI’s), across the country by the end of the year.

“The refurbishment comprised the construction, rehabilitation and equipping of laboratories, workshops, additional classrooms, hostels, and administrative offices”, he added.

He disclosed that by August 2022, construction of five technical colleges would begin in various parts of the country, adding that“three technical institutes would be upgraded to tertiary status”.

The initial phase for the construction of nine TVET campuses would commence next month in Bosomtwe, Akyem Awisa, Boako, Kenyasi, Patuda, Dambai, Larabanga, Guabuliga and Tolibri, he hinted.

“These campuses will have academic facilities, workshops, laboratories, hostels and staff accommodation, and provide further access for training”, he added.

">

In addition to this, the President said Government was in the process of securing funding for the construction of five STEM universities in five (5) new Regions—Western North, Savannah, North East, Ahafo and Oti regions.

Steps, he said were being taken to turn the planned Bunso campus of the University of Environment and Sustainable Development into a standalone, independent University focused on the study of Engineering and Construction.

“This project will begin in the next three months”, he added.

IDIF Projects

President Akufo-Addo said out of a total of 278 One District, One Factory (1D1F) projects implemented, 106 factories were currently operating, 148 were under construction and 24 were at the mobilization stage.

He said 58 out of the 278 1D1F Projects had been developed as enterprises fully owned by youth groups, with direct Government support.

Also, he said five medium-scale state-of-the-art agro-processing Common-User Facilities (CUFs) have been established with direct support from Government.

These facilities are owned by various groups of farmers, whose farming operations have previously been undermined through lack of processing facilities, he added.

“These farmer-owned companies have been established in five Districts, namely Dormaa West, Savelugu, SefwiAkontonbra, Sekyere Central and Tarkwa Nsuaem. They cover oil palm processing, rice milling and the processing of maize into maize grits”, he said.

Road Construction
In the road sector, President Akufo-Addo said some 10,875 kilometers of new roads have been constructed in the last five years.
He said the Tamale Interchange, the first of its kind in the northern sector of the country has been commissioned.
President Akufo-Addo urged Ghanaians to hold their heads up high and face the future with courage and hope.

Rex Mainoo Yeboah, ISD

Tags: 2022 State of the Nation Address Parliament of Ghana President Akufo-AddoParliament of GhanaPresident Akufo-Addo
SendShareTweetShareShare
Previous Post

Ghana Qualifies for the 2022 Qatar World Cup

Next Post

Maintain the Winning Team - Akufo-Addo Charges GFA

GhanaToday

Ghana Today is your authentic, reliable (no fake news) News as it happens. Politics, Business, Sports. With professional & dedicated researchers giving you REAL NEWS.

Related Posts

News

President Akufo-Addo commissions 300-bed accommodation for military

February 1, 2023
News

Ghana best place to do business in West Africa – President Akufo-Addo

January 18, 2023
News

President Akufo-Addo leaves for Abu Dhabi, London

January 16, 2023
Next Post

Maintain the Winning Team - Akufo-Addo Charges GFA

GES cautions school authorities against demanding money from parents

Sustainability of Automobile industry Assured – President Akufo-Addo

Kwesi Amoako Attah

10,875km new roads constructed in last 5 years — Roads Minister confirms

Ghana International Press Centre to be redeveloped into an ultramodern edifice

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

">

Recent News

Education Minister urges stakeholders to uphold USAID Partnership Education

February 3, 2023

MCE admonishes contractor to speed up work Koforidua Jackson Park

February 3, 2023
Dr John Ampontuah Kumah (5th Right), Mr Tito Alai (5th Left) with other members of the delegation.

Ghana is ready to host Afreximbank’s 30th AGM – Deputy Finance Minister

February 3, 2023
">
GhanaToday

Ghana Today is your authentic, reliable News Website of the Information Services Department.

Follow Us

Browse by Category

Recent News

Education Minister urges stakeholders to uphold USAID Partnership Education

February 3, 2023

MCE admonishes contractor to speed up work Koforidua Jackson Park

February 3, 2023
  • Home
  • News
  • Speeches
  • GhanaToday Magazine
  • Creative Arts
  • Sports
  • Contact

© 2022 All Rights Reserved | GhanaToday.gov.gh

No Result
View All Result
  • Home
  • News
    • Sector News
    • District News
    • World News
  • Speeches
  • GhanaToday Magazine
  • Creative Arts
  • Sports
  • Contact

© 2022 All Rights Reserved | GhanaToday.gov.gh

GhanaToday cookies
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are as essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
SAVE & ACCEPT
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.