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Submission: On December 02 via api from US — Scanned from CA
Submission: On December 02 via api from US — Scanned from CA
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* Home * News * Entertainment * Business * Sports * Opinion * Research * Live TV/Radio * Media * Elections Dark Mode Dark mode * Home * News * Entertainment * Business * Sports * Opinion * Research * Live TV/Radio * Media * Elections * Forgot Password Create Account https://www.myjoyonline.com/it-could-take-over-100-years-for-ghana-and-other-african-countries-to-become-developed-report/-------https://www.myjoyonline.com/it-could-take-over-100-years-for-ghana-and-other-african-countries-to-become-developed-report/ RECEIVE NEWS UPDATES ON THE GO. Select one or more categories News Business Sports Opinion Entertainment Breaking News I want to receive news: Daily Weekly Monthly Daily: 0.30p | Weekly: GHS 2 | Monthly: GHs 9 National IT COULD TAKE OVER 100 YEARS FOR GHANA AND OTHER AFRICAN COUNTRIES TO BECOME ‘DEVELOPED’ – REPORT Source: Blessed Sogah 24 November 2024 10:26am The latest African Economic Outlook released by the African Development Bank Group (AfDB) has detected what it describes as desynchronization between economic growth performance and sustainable development which suggests that Africa’s current development model is not fit for purpose. According to the document, The Existing Development Model, which relies heavily on resource extraction without value addition, urgently requires a complete overhaul if the continent is to catch up with other regions. “The urgency is such that, under a business-as-usual scenario, it could take today African countries more than a century on average (108 years, for a median of 86 years) to transition to a high-income status,” the report noted. Africa remains the second-most economically unequal region in the world, after Latin America and the Caribbean. Over 600 million people on the continent currently have no access to electricity and more than 600,000 die annually from indoor air pollution associated with the use of biomass (charcoal) for cooking and at current growth trends, close to 9 out of 10 of the world’s extremely poor people will be in Africa by 2030. In Gaborone-Botswana, the United Nations Development Programme in Partnership with the UN Economic Commission for Africa (UNECA) and the African Development Bank AfDB is hosting the 2024 African Economic Conference which is reflecting on the theme: “Securing Africa’s Economic Future Amidst Rising Uncertainty.” While delivering his address at the opening ceremony of the event, Vice President of the African Development Bank, Prof Kevin Chika Urama recommended that “Addressing these recurrent uncertainties requires a multifaceted approach.” He started by first calling for a fundamental rethinking of the underpinning models of global governance, economic development policy, and new innovations in economic diplomacy and multilateralism. He also argues that this must be done together with home-grown solutions embedded in local realities. Countries need to realise now more than ever, that national development must not be outsourced. Development is a do-it-yourself business while adding that Africa’s prevalent predicaments demand effective collaboration and equal partnerships among development institutions, countries and national governments, the private sector and citizens. To be sustainable, Professor Urama emphasized that “the development process must be inclusive – proactively harnessing all forms of capital, especially human and natural capital, with a laser focus on beneficiation and value addition.” Organizers of this year’s African economic conference remain hopeful that given the opportunities provided by the forum to review the continent’s experiences and strategies a more resilient development pathway will be crafted for Africa, going forward. Find below link to the full report: https://www.afdb.org/en/documents/african-economic-outlook-2024 DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited. Tags: Africa Ghana Report RELATED TO THIS STORY * Volta Region promotes peace ahead of 2024 elections -------------------------------------------------------------------------------- * Today in History: Black Stars dominate Africa with 1963 AFCON win -------------------------------------------------------------------------------- * United States commends Ghana’s presidential candidates for signing Peace Pact -------------------------------------------------------------------------------- * International court to rule on GRA tax charge against Tullow by end of 2024 -------------------------------------------------------------------------------- * Ghana records significant drop in preterm-related deaths -------------------------------------------------------------------------------- * WAFU-B U-17 Girl’s Cup: Ghana to face Benin, Burkina Faso in group stages -------------------------------------------------------------------------------- * ‘I can’t believe Black Stars couldn’t qualify for 2025 AFCON’ – Stonebwoy -------------------------------------------------------------------------------- * Resilience of MSMEs intertwined with Ghana’s prosperity – GEPA -------------------------------------------------------------------------------- * Why Russia’s Africa propaganda warrior was sent home -------------------------------------------------------------------------------- * Ghana to host National Para Powerlifting competition on World Disability Day -------------------------------------------------------------------------------- Advertisement DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited. 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