President Nana Addo Dankwa Akufo-Addo says Ghana has decided to turn its back on the old economy, which has been dependent on the production and export of raw materials as well as aid from donor countries.
According President Akufo-Addo, who was speaking at a joint press conference held together with the Prime Minister of Japan, Ghana is ready to learn from Asian countries on how they moved away from imports to producing their own goods.
“We want to emulate the story of the East Asian Miracle, which saw, from 1965 to 1990, the 23 countries of East Asia, especially Japan, growing faster than all the regions in the world.”
The President stated that Japan made the transition from poverty to prosperity by depending on its own resources.
He added that Ghana is dedicated to doing same by restructuring the institutions in the country, modernising agriculture to enhance productivity, implementing a clear industrial policy, and rationalising the financial sector to support growth in agriculture and growth in manufacturing and industry.
President Akufo-Addo noted that Ghana-Japan relations date back to 1927, when Dr. Hideyo Noguchi arrived in the then Gold Coast to conduct research on Yellow fever, which laid the foundation for the great friendship between the two countries.
“I have with great pleasure conveyed to Prime Minister Abe the news of the recent renaming of the street in front of the Japanese Embassy in Accra as the ‘Dr.Hideyo Noguchi Street’, in memory of that illustrious son of Japan and in appreciation of the continued generosity of the good people of Japan to Ghana.
“This is in addition to the Noguchi Memorial Institute for Medical Research located in the University of Ghana, Legon, Accra,” he indicated.
The President also expressed special gratitude to Prime Minister Abe and his government for their continuous assistance in various sectors of the Ghanaian economy through initiatives and programmes under the African Business Education (ABE) Initiative amongst others.
With discussions also centering on boosting further the political and economic relations, the two leaders also touched on the need to promote a better world, and addressed global issues relating to the Sustainable Development Goals (SDGs) and women empowerment.
“We also underscored the importance of the Tokyo International Conference on African Development (TICAD) Process as an open, inclusive, and transparent partnership forum.
“With the assurances I have received on the preparations so far, there is no doubt in my mind that, TICAD VII would open a new chapter of trade between Japan and Africa,” President Akufo-Addo added.
President Akufo-Addo stressed that Ghana is endowed with abundant natural resources, which the government is seeking to use as the basis to transform its economy from the current reliance on the export of raw materials into a value-adding one, with the vision of taking Ghana out of dependence on aid to a self-reliant economy beyond aid.
“I am pleased to state that Prime Minister Abe pledged Japan’s support for this transformative agenda. In that regard, we have noted with satisfaction the value that the Ghana-Japan Investment Forum scheduled to be held [Wednesday] in the JETRO Hall will add to our investment initiatives,” he added.
The President was confident that the meeting with Prime Minister Abe has further boosted the steadfast cooperation between the two countries and would continue to collaborate with Japan at all levels.
Source: 3news.com| Ghana