Accept the new Agyapa agreement; it will benefit Ghana – John Kumah.
Dr. John Kumah, a Deputy Minister of Finance, has stated that the revival of the controversial Agyapa royalties arrangement was intended to generate revenue from the country's natural wealth.
He believes that by monetising royalties from Ghana's mineral riches, more money may be raised for development.
"We've been mining gold and other minerals for years and it has had no effect on the economics of the country," he remarked.
Dr. Kumah believes that people have exported gold from Ghana without obeying the rules, and that the agreement will help to streamline the industry.
In his opinion, the Agyapa contract will provide Ghana with additional money in addition to the e-levy.
Dr. Kumah explained how the agreement worked. Ghana's infrastructure and development demands could be met.
He urged Ghanaians to support the amended Agyapa accord for the country's growth.
On Friday, May 13, 2022, Dr. Kumah, who is also the Member of Parliament for the Ejisu Constituency in the Ashanti Region, made this admission on Accra's Okay FM.
read also: Alan Kyeremanten: Churches must help government job creation.
Minister of Trade and Industry Alan Kyerematen
Mon, 16 May 2022:
Mr Alan Kyeremanten, Minister of Trade and Industry, has encouraged the Church to focus on promoting entrepreneurship projects in order to provide jobs for the country's teeming youth.
This, he said, was crucial in supporting the government's efforts to create work opportunities for citizens in order to achieve long-term socioeconomic growth.
This was said by the Minister at the 3rd national public lecture on the topic of "Harnessing Job Prospects and Opportunities in the Trade Industry Sector" held in Accra on Thursday.
He noted that while the Church's main responsibility is to win souls, it is equally critical for the Church to take action through advocacy to address the country's unemployment problem.
In response to a question about job creation, Mr. Allan stated that the government had provided an enabling policy climate for the private sector to create employment and incomes.
He emphasized that the one area, one factory plan had decentralised industry establishment across the country and given job possibilities for the youth.
Mr Kyeremanten added that the program had resulted in the establishment of over 300 factories throughout the country, with 150 of them now operational and others under construction.
He said that the government had identified new strategic centers for diversification of natural resources and job creation because the state could no longer export raw resources.
The Minister stated that the government has begun assembling and producing car components, with an emphasis on integrated aluminum and bauxite to supply components for the country's vehicle and assembly facility.
"We're concentrating on the garment and textile industries to help them compete in the global market. The business brings in $30 billion to Bangladesh "he declared
He stated that the government had increased cooperation with the United Kingdom in the manufacture of medicines and pharmaceutical items in order to minimize the country's import bill.
Mr Kyeremanten asked the general population, particularly the youth, to take advantage of the government's work possibilities in order to minimize unemployment and become more productive in life.
The country's unemployment rate, according to Mr Nelson Amo, Chief Executive Officer of Innohub Limited, poses a security danger and requires immediate response.
Because of the demand for technical know-how, Mr Amo believes the government needs a coordinated program to teach youth in vocational and technical skills so they can be exported abroad.
The Moderator of the General Assembly of the Presbyterian Church of Ghana, Right Reverend Professor Joseph Obiri Yeboah Mante, has urged the government to speed up the supply of jobs for the people.
Professor Ebenezer Oduro Owusu, President of Presbyterian University in Ghana, stated the university had launched an entrepreneurship curriculum called "Project and Product," in which students were expected to come to school with projects in mind and leave with goods at the end of the program.
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