An Economist, Prof Charles Ackah has entreated government to focus on value addition.
He urged the government to ensure the export of the county’s raw materials is focus on value addition and industrialisation.
According to him, value addition is the sustainable route to creating a robust economy while boasting of trade surplus.
Figures from the 2022 Trade Valuability report shows that the value of imports exceeded that of exports by $4.5 billion into 2022.
Prof Ackah called for a reset of the economy from the old age style of exporting raw materials and importing finished goods to a manufacturing oriented and job centered economy.
“We are going to process our gold, we are to process the cocoa; that creates jobs for the youth that are unemployed and that adds value to the cocoa beans and then you can export and get more export revenue.
“when you do that then, you will always have a drip surplus” he added.
Story by Nana Ama Nyamekye/Ahotoronline
